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As companies transition to online payment platforms, the complexities of payment processingcosts can often lead to unexpected expenses that eat into margins. Understanding these costs empowers businesses to make smarter financial decisions.
Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCIDSS continues evolving. Don't, however, let the term "merchants" fool you.
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