GaryBradshaw: and everyone I spoke has said "not meaning to scare you but you could be shut down or fined up to $100,000 if you are not compliant.
BS. If they start shutting down merchants, who's going to pay their transaction fees and bonuses that are in billions per year now?
BS #2. It is MERCHANT who get fitted with the bill when someone uses stolen credit card. How on earth do they make MERCHANT pay for this, AND make merchant pay for being PCI compliant? That's just perfect, a class action suit waiting to happen IMHO.
I think they just use a scare tactic, and can't possibly start auditing or shutting down anyone. Maybe a few bad apples just to scare the rest of you into paying more fees.
I am of course refering to the OP, where he handles less than $10K/month and is his own sole employee. I would just ingore all the hoopla in this case. Of course, it is a different story if you gross that much a day and have a building full of staff...