In a subscription business, the customer's data must be protected. As a business owner, you need to provide a safe and secure gateway for online transactions and payments. PCI DSS L4 and GDPR compliant provide safety and security to the customers as well as the company. There are plenty of reputable companies such as MYFUNDBOX, which are PCI DSS L4 and GDPR compliant.
Let's discuss what PCI DSS L4 and GDPR compliant are and how it helps in the subscription business.
What is PCI DSS L4 compliant?
The Payment Card Industry Data Security Standard (PCI DSS L4) is a set of regulations that aim to reduce data breaches. It helps financial institutions to provide safe and secure online transactions to their customers. If your business is PCI DSS compliant, you can easily prevent card payment fraud and payment data breaches.
However, the same set of requirements does not apply to all businesses or organizations. There are 4 different levels of PCI DSS depending on the number of transactions the company operate every year. In level 4 compliance, the company should handle fewer than 20,000 transactions per year.
What is a GDPR compliant?
The General Data Protection Regulation (GDPR) compliant is a set of data protection rules. The company or organizations have to follow those rules to be GDPR compliant while collecting customers' data and personal information.
The GPDR is a significant move to protect the customer's privacy and improve personal data protection. Thus, if a company is GDPR compliant, it is safe and secure to share your data with those companies.
How PCI DSS L4 and GDPR compliant help in the Subscription business?
The subscription business performs numerous online transactions every single day. Therefore, the subscription business must be PCI DSS and GDPR compliant to provide security to its customers. Let's take a look at how PCI DSS and GDPR compliance helps in the subscription business.