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Model One:
Model One will suit those people who are setting up a business from scratch. You will be doing all your trading online and will have no existing Internet Merchant ID from an acquiring bank. In this scenario, WorldPay will provide you with a WorldPay Customer ID, enabling you to use its WorldDirect service for Internet card transactions.
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• Customer Card Services (Model One) has an annual fee of £150.
• There is a 4.5% Transaction Service Charge on credit card transactions - this is the only charge incurred.
• There is a £0.50 Transaction Service Charge per debit card transaction - again, this is the only processing fee incurred.
• This model includes processing in up to 5 currencies. For additional currencies, a surcharge will be levied. |
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Model Two:
Model Two is for those businesses that already have an existing Internet Merchant ID from NatWest. If you fall into this group, you too can use the Multi-Currency function. WorldPay will then route your Internet card transactions through to NatWest.
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• Customer Card Services (Model Two) has an annual fee of £150.
• There is a 4.5% Transaction Service Charge on credit card transactions - this is the only charge incurred.
• There is a £0.50 Transaction Service Charge per debit card transaction - again, this is the only processing fee incurred.
• This model includes processing in up to 5 currencies. For additional currencies, a surcharge will be levied. |
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Model Three:
Model Three is for those businesses that already have an Internet Merchant ID from an acquiring bank other than NatWest, e.g. Lloyds TSB, Bank of Scotland, RBS, HSBC, Barclays and the Co-Operative Bank. In this scenario you are entitled to use the Single Currency function (but not the Multi-Currency). WorldPay will route your Internet card transactions to your existing acquirer.
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• Merchant Card Services (Model Three) has an annual fee of £150.
• There is a 2.25% Transaction Service Charge on credit card transactions - this is in addition to any fee your bank already charges you.
• There is a £0.25 Transaction Service Charge per debit card transaction - again, this is in addition to any fee your bank already charges you. |
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