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On average, the cost of PCI DSS compliance certification for small businesses can range from around INR 1,50,000 to INR 3,00,000, while the cost for larger organizations can range from INR 5,00,000 to INR 10,00,000 or more.

In order to find out if your business is PCI compliant, the first and most crucial step is to complete a PCI Self-Assessment Questionnaire. By following this process, you will determine whether your business is compliant. If not, there are established steps you can take to achieve regulatory compliance.

If you are a merchant or payment service provider (PSP) that handles, processes, stores, or transmits card payment data, you must maintain PCI compliance. While you have likely heard of this term, you may not know what it means, who needs to be compliant, why it's essential, and what happens if you fail to comply.

In terms of time, the PCI compliance process can last anywhere from one day to two weeks depending on the complexity of your systems, the size of your company, and how long you take to complete the self-assessment.

Every business that is trying to show PCI DSS compliance must complete the appropriate Self-Assessment Questionnaire (unless your organization is at a higher compliance level which requires a Report on Compliance by a qualified security assessor in an on-site audit).

To become PCI compliant, a business typically must do three things: Meet the requirements set out by the Payment Card Industry Security Standards Council. Complete an assessment that shows how secure a business's systems and practices are. Most small businesses can perform a self-assessment.

How to get a PCI compliance certification Determine your certification level. ... Understand PCI DSS requirements. ... Complete your ROC or SAQ. ... Verify your status and commitment to following compliance standards. ... Perform quarterly scans. ... Communicate compliance with banks and payment companies.

Earning Criteria Completed the PCIP training course or have the required industry experience. Receive a passing score on the PCIP Exam. Provide proof of information technology or payment card industry experience. Agree to abide by and support the PCI Code of Professional Responsibility.

Create a Software Development Plan for Continuous PCI Compliance. Have a Plan for Access Control. Develop Policies Compliant with PCI DSS Requirements. Test Your Apps Regularly. Keep Detailed Records of the Application. Involve Management in the Process.

Based on your organization's PCI DSS level, you must fill out a Self Assessment Questionnaire (SAQ) or a Report of Compliance (ROC). Both are annual recurring expenses. So ensure that you include the audit cost in your cost calculation. The average market cost for an SAQ ranges between $5,000 to $20,000.

PCI QSAs are specially trained and certified cybersecurity professionals who are deeply knowledgeable about the security standards required for an organization to become PCI certified. The merchants who fall under level 1 of PCI-DSS compliance also need to complete an annual Report on Compliance (ROC).

The requirements include complicated tasks such as installing firewalls and protecting cardholder data through ization or encryption. Obtaining PCI Level 1 or Level 2 typically takes merchants around nine months to a year to achieve on their own.