I have a small business with very minimal credit card usage. I bought a handheld swiper from Propay online thinking it would be just fine for my usage…and am being told by a guy who sells much more expensive machines that mine will be not usable in about 6 months because of some new laws and that Visa is cracking down on the swipe and transfer data via internet or cell phone type credit card processing that I bought. Any idea if this guy is just trying to sell me with the fear tactic- that mine will be obsolete…or if it’s a legitimate point he is making.
Sounds like scare tactics and shady sales techniques to me. There are no laws affecting cell phone or Internet processing how they described it. If Internet processing was being "cracked down on" in the manner they were insinuating then ecommerce would come to a grinding halt.
FYI, there are rules affecting how the security of Internet transactions. It’s called PCI DSS. It shouldn’t affect your hand held unit, however.
I should point out that there are some older mobile processing equipment that are obsolete for various reasons, most of them being the wireless service they use being declared obsolete and shut down. Unless your processor has specifically told you that you can’t use your unit I wouldn’t think twice about what that guy says.