Founded in 1989 and originally called Streamline, Worldpay is one of the largest credit card processors in the world. While it has gone through several ownership changes over the years, it was acquired by Vantiv in 2017 for $10 billion, and shortly thereafter, the combined company was renamed to Worldpay in 2018. In 2019, Worldpay was acquired by Fidelity National Information Services Inc (FIS) for approximately $35 billion.

Let’s take a look at whether this large payment processor will work well for your business needs.
 

Worldpay Features

 
This processor offers the following features:

• Shopping carts
• Recurring payments
• Mobile wallets
• Multi-channel payments
• Virtual terminal
• Card payments
• ACH transactions
• Credit card machines
• Integrated point-of-sale
• Mobile & tablet point-of-sale
• Hosted payment pages

 
Worldpay offers help to many types of businesses. Traditional retail stores benefit from the company’s countertop point-of-sale systems, including integrated PIN pads, receipt printing and EMV compatibility.

You’ll find that this payment processor also meets your needs if you’re an online business. Worldpay provides a system that works alongside Authorize.net and runs on a computer or tablet. This allows your business to accept payments both remotely and in person.

Mobile payment options are available and these options accept debit and credit cards. If you’d like the ability to accept eCheck payments and ACH processing, this is available through Worldpay.
 

Pricing

 
Pricing options vary from country to country. For example, a U.S. based businesses will generally experience this fee structure for credit card payments:

• In-store transactions – 2.25% + $0.10
• Ecommerce transactions – 2.7% + $0.30

UK businesses will typically see these rates:

• £19.95 fixed monthly fee + 2.75% on credit card transactions and 0.75% on debit cards
• Pay as you go option – 2.75% + £0.20 for debit and credit card transactions

Other fees include:

• Chargeback fees range from $7.50 to $40
• PCI compliance fee of $9.95/month
• Insufficient bank fee of $15

Security

 
Worldpay takes security seriously and uses tokenization, as well as a point-to-point encryption process that protects data as it moves from your business over to the central processor.

Further safeguards are in place due to the fact that Worldpay works only with PCI compliant customers. If you aren’t currently PCI compliant, the company helps you gain that status through its OmniShield Assure program.

Although OmniShield comes with an additional monthly fee, it helps protect your business and customer data. This program provides regular scans that help discover any data security vulnerabilities.
 

Analytics and Reports

 
Through a system called Vantiv IQ, you’ll have access to tracking tools. This analytical engine provides credit card processing reports and insight into reconciliation, fees charged, possible fraud, interchange management, etc.

Vantiv IQ also gives you insight into how much each customer spends with your business, their buying frequency and which items they purchased.
 

Additional Services

 
Worldpay offers your business an equipment replacement service. This protects you in the event that devices fail or get damaged. You’ll receive new PIN pads, check readers, terminals or printers when they break.

In order to help you generate more repeat customers, Worldpay provides personalized gift cards and loyalty cards.

If you need business funding, Worldpay has you covered. This payment processor has partnered with CAN Capital in order to provide this additional service.

This arm of the company provides merchant financing options that range between $2,500 and $500,000. This financing comes without the need for regularly scheduled monthly payments. You can apply for financing on a complimentary basis and the capital isn’t attached to any personal collateral.
 

Almost Any Business Benefits From Worldpay

 
Credit card processing is no longer the only consideration when it comes to payment processors. Today’s purchasing options include the need for electronic wire transfers, digital wallets and mobile payments.

Your business needs to consider a payment processor that helps you accommodate all methods your customers expect when they make purchases. Worldpay is an option that allows you to service all customers. If you are in the market for a new processor, check out our recommended payment processing providers.