Best for
Restaurants, Bars, Coffee Shops, and Eateries
Specializes in
Vantiv (WorldPay) caters to businesses of all sizes and has the size infrastructure to support this.
Pricing Summary
Setup Fee: $50
Monthly Fee: Variable
Swipe Rate: Variable
Keyed-in Rate: Variable
Early Termination Fee : $250 To $495
Contract Terms:
Vantiv (Now Worldpay) is one of the largest payment processors in the world. WorldPay offers in-house merchant services, not outsourced like many of their peers. WorldPay integrates with many third-party POS equipment providers. WorldPay outsources equipment and technology from other companies.
Here are some of the features that make WorldPay standout:
According to its website, WorldPay caters to size businesses. The company also sells to every industry.
Pricing varies based on each business's needs. You will not find mention of fees and rates on their website. They use in-person sales reps to sell their merchant solutions. There are no hidden fees, but they do have an early termination fee, setup fee, and ongoing monthly fees depending on your business's size and the industry within which it operates. Higher-risk businesses pay more than low-risk merchants.
We have found mainly mixed reviews of WorldPay online. On the Trustpilot website, there are 2,591 reviews. Half are bad. The other half mostly excellent. This is why it rates three stars.
Head Quarters
Cincinnati, OH
Year Founded
1971
CEO
Charles D. Drucker
Employees
1200
Merchant Provider Risk Tolerance
Built to engage customers
Fair fees
Negotiable rates
Transparent pricing
Personal account manager
Integrates with most POS equipment models
Can handle any volume of sales transactions
Low BBB rating (1-star)
Many negative reviews
Early termination fee
Monthly processing fee
WorldPay offers customer POS solutions that cover every industry: e-commerce, brick-and-mortar retailers and restaurants, banks and fintech companies, and more.
WorldPay offers its in-house merchant solutions. They can integrate their merchant accounts with most POS systems and credit card processing equipment. Their dedicated team of in-house sales professionals can assist any business with solutions that meet its needs.
Discloses All Important Terms
No
Public Pricing Available
No
WorldPay Pricing, Rates & Fees:
Pricing Model
Swiped Rate
Variable
Keyed-in Rate
Variable
Mobile Payment Rate
Virtual Terminal Rate
Variable
Monthly Fee
Variable
Payment Gateway Fee
Batch Fee
Early Termination Fee
$250 To $495
PCI Compliance Fee
Variable
Equipment Lease Terms
Variable
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$50
Gateway Setup Fee
Annual Fee
Monthly Minimum
Variable
Statement Fee
WorldPay has complicated contract terms and hidden pricing. The rate you receive depends on your industry, the size of your business, and other factors. Equipment can be rented or purchased. We recommend purchasing your equipment to save money.
The terms and conditions of each merchant agreement are not the same for every merchant. Terms and conditions are negotiated at the time of sale.
Contract Length
3 Years
Early Termination Fee
$250 To $495
There are 277 complaints closed in the last three years; 76 complaints closed in the previous 12 months with the BBB. Most of these negative ratings are customer service and fee-related complaints.
BBB
NR, Vantiv is not BBB Accredited
3.1 Stars / 76 Reviews (FIS)
N/A
Yelp
1 Star / 65 Reviews
Total Online Reviews
400+
Total Online Complaints
200+
Lawsuits
None
If you're in the market for a merchant account provider, be sure to check out our user reviews, our merchant accounts guide and our top popular merchant provider picks