WorldPay - A Secure Way to Have a Merchant Account

For on line sellers, WorldPay, is a fast growing 24x7 payment processing option for small and medium on line businesses. Starting from modest Electronic Cash purse operations in 1993, WorldPay endorsed first secure payment systems at "Barclay Square" in London. Since then, it has never looked back and finally in 2002, it became wholly-owned part of The Royal Bank of Scotland Group. Virtually all major credit and debit cards are accepted and on top of it all, all in customer's currency and language. Its multicurrency instant conversion system ensures a seller against currency fluctuation risk and above all charges no additional fees for currency conversion.

Unique Features

Among some major unique features of WorldPay are repeat billing for collecting installments, offering internet terminal enabling acceptance of payments over phone / fax or email. It offers you innovative mix of services offered by several card schemes and payment processors thus giving you the best deal while choosing a merchant account.

Trusted and Secure

It offers online transaction authorization, address verification service using secure servers where information is transmitted after encrypting using complicated logarithm. WorldPay has system of warning sellers where it detects the potentially unsafe transaction whether using free email account or where it suspects the identity of buyer is attempted to be masked. Besides offering WorldPay guarantee to protect against fraud, it also offers unique protection solution again on line fraudsters who resort to charge backs as fraudulent measure. Web servers of WorldPay are certified by Thawte, a leading public certifying authority, lending a sense of confidence to shopper and retailer. Customer's credit card information is never passed on to seller. Its strong safety measure ensures that no body can impersonate WorldPay to extract confidential information from an unsuspecting shopper. It also protects shoppers in case of disputed transactions where goods and services do not arrive. Data at the WorldPay systems is subject to regular audit by bank. Customers' complaints, if any, are sought to be resolved in five working days.

Competitive Pricing

Pricing depends upon the risk profile of the trade of internet merchant but is competitive. It includes one time set up fee, monthly, annual and transaction charges. In addition costs for charge backs, if happen are extra. Transaction charges vary from 0.5% to 4.5% and annual setup fees starts from as low as £160 besides annual charges of £100. Registered charities are eligible for some discounts too.

Settlement

WorldPay usually pays customers every week after deducting the remittance charges. The minimum settlement amount is £10.00, or the equivalent of £100.00 for all other currencies.

Growing Customer Base

This fast emerging market leader has customer base of more than 20,000 with more than 1100 strategic e-commerce partnerships globally.

Undoubtedly, it boasts of lowest frustrated customer base.