As we ensure transparency and smooth payment experience, We follow the policies of payment network. VISA, as a global payment network, has specific regulations and requirements that businesses must comply with when accepting payments through their network. These regulations are designed to ensure the security and integrity of transactions, protect cardholders’ interests, and maintain a reliable payment ecosystem. Here are some key VISA regulations for accepting payments:

1. Compliance with Payment Card Industry Data Security Standard (PCI DSS): Merchants accepting VISA payments must comply with the PCI DSS, which is a set of security standards established to protect cardholder data. Compliance involves implementing and maintaining secure payment systems, regularly monitoring and testing systems, and maintaining a strong information security policy.
2. Authorization and Settlement: Merchants must obtain proper authorization from the cardholder’s issuing bank before completing a transaction. This involves verifying the card’s validity, ensuring sufficient funds or credit availability, and obtaining an authorization code. Settlement refers to the process of submitting authorized transactions for payment.
3. Cardholder Verification: Merchants should use appropriate methods to verify the identity of the cardholder during a transaction. This can include obtaining the cardholder’s signature, validating the card’s security features, or using a secure PIN entry device.
4. Prohibited Activities: Merchants are prohibited from engaging in certain activities when accepting VISA payments. These activities include illegal or fraudulent transactions, money laundering, engaging in high-risk business types without proper approval, or circumventing VISA’s rules and regulations.
5. Chargebacks and Disputes: Merchants must have a clear policy and procedure for handling chargebacks and disputes initiated by cardholders. Chargebacks occur when a cardholder disputes a transaction, and the merchant may be required to provide evidence of the transaction’s validity. Merchants should have mechanisms in place to handle chargebacks promptly and efficiently.
6. Cardholder Data Protection: Merchants are required to protect the cardholder’s personal and financial data. This includes securely transmitting cardholder data, securely storing data, and implementing measures to prevent unauthorized access or data breaches.
7. Merchant Agreement: Merchants must enter into a merchant agreement with an acquiring bank or payment processor to accept VISA payments. The agreement outlines the rights, responsibilities, and obligations of both parties and includes compliance with VISA’s regulations and operating rules.
8. Compliance with Laws and Regulations: Merchants must comply with all applicable laws and regulations, including those related to anti-money laundering, consumer protection, privacy, and data security.

It is important for businesses to familiarize themselves with VISA’s regulations and ensure compliance to maintain a secure payment environment and avoid any penalties or consequences. For detailed and specific information, merchants should refer to VISA’s official documentation and guidelines or consult with their payment processor or acquiring bank. For more information, Please visit the following:

• Best Practices
• Disputes
• Security and Risk
• EMV
  
  

        https://usa.visa.com/support/merchant/library.html