Worldpay fees and costs
To get a Worldpay card machine, you need to sign up for an 18-month contract with monthly charges and card fees tailored for your business.
The fees are partly negotiable (get a quote here), but certain costs are the same for everyone.
The more you know about your sales volume, distribution of cards accepted and overall requirements, the easier it will be to reach a fair quote. And the higher your transaction volume, the better are your transaction fees. Otherwise, you may be given higher rates than what you can get elsewhere from the likes of Takepayments and Zettle.
Worldpay offers a Custom plan for businesses with an annual card turnover of at least £100k, or typically above £250k.
It has a variety of costs and blended transaction fees with a monthly minimum charge (from £15/month) if transaction fees do not reach the agreed minimum that month. Debit and credit cards have different rates plus an authorisation charge, but they are only specified during your chat with Worldpay.
You also pay from £17.95 + VAT for the desktop terminal or £23 + VAT monthly for the mobile terminal in rental, with merchant account costs added on top. PCI management requires a monthly fee of £5 monthly.
Smaller businesses accepting less than £100,000 a year are offered the Simplicity plan. On this, you pay one fixed monthly fee that covers terminal hire, the merchant account and PCI compliance.
It has no monthly minimum service charge, but that’s because you’re paying a higher fixed monthly fee covering everything except for transactions, which have a rate of 1.5% for all cards without an authorisation fee.