Today I have received a letter from Lloyds Bank about my business account as I receive card payments. They outline the changes taking place shortly i.e. September 2019. i.e. PSD2 Compliance.
I have mentioned this in another thread however I can not stress the importance of being compliant as if you are not from September you will not receive payments made by card (Credit/Debit)) from Europe unless you are irrespective where you are in the world.
I have an update as most of the commonly used merchants like Stripe/PayPal Pro etc maybe directly compliant but to date I do not know of any integration of these through Rapidweaver that are - PLEASE DEVELOPERS CORRECT ME IF I AM WRONG!
I use PayPal Pro account and Cartloom and I have worked with these both and I am now reverting back to basic PayPal account to become compliant. Simply if your stack/app uses an “internal” shop method you need to check compliance. If you shop redirects you externally direct to merchant and they are complaint then that’s OK.
In my instance PayPal is but the Pro version uses internal Cartloom payment system, the basic redirects to payPal outside Cartloom. Therefore the former is NOT compliant but the latter is!
I would like to thank ALL the guys at Cartloom for their support and help and now it’s a case of easily changing my shop set up and remain with Cartloom.
I ask you to ALL check your merchants and ask the question as September is not too far away if you have change your shops and merchant methods - especially if you have numerous sites.
If you regularly sell products in Europe and receive Card payments for this please check as it would kill my business if I received no money through this route post September 2019.