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WorldPay online payment system

WorldPay
http://www.worldpay.com

Updated on June 25, 2012 by artdeco
Views: 7450 | Clicks: 279


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General Information

WorldPay provides a globally connected, locally coordinated payment processing service for all sorts of businesses, big and small.

Currencies

Australian Dollar Canadian Dollar Danish Krone Euro Hong Kong Dollar Japanese Yen Malaysian Ringgit New Zealand Dollar Norwegian Krone Pounds Sterling Rand Singapore Dollar Sri Lanka Rupee Sweden Kro

Countries of use

40 countries

Users

WorldPay offers an Internet Merchant Account and payment processing service in one package: WorldDirect. This combination of an Internet Merchant Account and multi-currency payment processing is not easy to find and can save you time and effort.

Fees

Business Gateway Plus pricing

Financial efficiency of a full service product

Business Gateway Plus combines payment processing and an internet merchant account in one competitively priced package. You can buy these services independently from other suppliers but you could find yourself paying more.

Pricing for Business Gateway Plus may vary depending on the risk sector you operate in and your trading history and background. Talk to us to find out which solution is best for you.

Example prices
  • Set-up Fee: USD 399.00
  • Monthly Fee: USD 50.00 each month (first month payable upon application).
Transaction Service Charges:
  • 3.25% per transaction + USD 0.40 per transaction
Optional services
  • Recurring payments - USD 0.00 one off setup fee.
Additional charges
  • Additional Currencies: one free currency is provided as standard part of Internet Merchant Account. USD 75.00 per additional currency.
  • Disputed payments - USD 15.00 for every chargeback arising from a disputed payment
  • Settlement: - settlement in USD for a USA bank account is USD 4.00. Settlement not in USD to a USA bank account is charged at the currency equivalent of 10 GBP.
    The minimum amount that can be settled is USD 150.00.

Integration approaches

Technical integration

You’ll need to integrate the payment processing service you use into your online store.

Internet payments

For internet payments this can be as simple as your site linking to one of our web pages where your customers can fill in their payment details. You can customise this page so it carries your brand and fits in with your site.

Shopping carts

Many online stores offer a shopping cart so that customers can buy several items. There are a number of shopping cart products, which include integration of our payment service, that make adding a cart to your site relatively easy.

We’ll provide you or your IT specialist with support, software where appropriate, and technical documentation to help integrate your store, shopping cart package and WorldPay.

Information for developers

A simple guide to payment processing

Credit and debit card processing systems operate the same way the world over.

Diagram showing payment processing

This description lays out the basics of payment processing. It also helps you appreciate the charges and risks involved in accepting payments.

1. Collecting payment data

Payment details are entered into the payment device or system. They could be entered by a call centre operator, read by a card-reader or entered directly into an internet page.

2. Authentication

Details of the purchase, details from the card and the PIN are sent through to WorldPay. We identify the relevant card scheme (Visa, MasterCard etc.) and send the details through them to the bank or other institution that issued the card.

If the details can't be verified, the payment is normally declined and the shopper or payee is asked to use another type of payment.

3. Authorisation

The issuing bank checks the cardholder's identity, that the account has sufficient funds and that the card hasn't been reported lost or stolen. If everything is OK, the issuing bank authorise the amount requested and reserve those funds. Once the payment transaction is complete, we send a follow-up instruction to the bank to debit the funds.

4. Settlement of funds

Your WorldPay merchant account is credited with the value of the card transaction within four working days (depending on the card issuing bank and your agreement with us).

Every month, we'll send you a merchant statement which details the transactions processed, and how much you've paid for each transaction.

*Business Gateway Plus customers will receive settlement of funds within 28 days

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