This rate was received from reseller/affilate/partner of WorldPay.

Visa/Master
Setup Fee: $285
Annual Fee: $490
Transaction Rate: 4.5% + $0.08
Transfer Charge: $4.50
Transfer Period: Weekly 4 weeks in arrears.

Amex
Transaction Rate: 5.5% + $0.08
Transfer Charge: $2.10
Transfer Period: Weekly 4 weeks in arrears.

What do you think those cost/fee compare to other worldpay's offers?

If you are using WorldPay currently, please let me know how is it?

Thanks

Is this for a direct merchant account with your own descriptor or for the use of their WorldPay Direct system (where WorldPay will appear on statement?).

I have definitely seen better rates available with other processors.
You can especially save on the set up fee and annual charges, ask them if these could be removed. A lot also depends on how much sales volume you have, but if I were you, I would also contact other companies like MultiCards, Metacharge and ChronoPay to see what they can offer. I know MultiCards offers a flat fee of 4.95% + 0.45 USD per transaction against a set up fee of 49 USD, but you will be able to negotiate a better rate depending on your sales volume.

On the other hand, the per transaction charge of 0.08 USD is very low. Question remains how much you would save on that, that will depend on the number of orders you have on a weekly basis.

In my opinion, this is an average offer from WorldPay, nothing special if you ask me. By the way: I don't use WorldPay.

WorldPay is expensive in US, but their rate and remittance period is quite reasonable for many countries.

The rate you got is pretty standard from WorldPay.

WorldPay is expensive in UK too, try secpay.com

This is my quote from WorldPay

Set-up Fee: 450 CAD
Monthly Fee: 60 CAD
Transaction Service Charges:
0.60 CAD per transaction for Merchant Account Service Charge
3.25% on the value of all CAD to CAD transactions
1 weeks in arrear

This is PSI Gate for CAD only transactions
Setup: $99
Monthly: 29.99
Per-Transaction Fee: $0.45
Merchant Discount Rate 3.95%
I think it was 90 days rolling deposit

the fee seem to be expensive but their are reliable in of term

LowAsYou, where are you geographically located? Whether that pricing is good or bad will be partially dependent on that. :)

The other factor - outside of pricing - to really pay attention to is the funding time period. For example, WorldPay's one month delay can be very difficult for some merchants to cope with.

Cashflow is very important, especially to a new business, so the funding time can have a big bearing on whether or not the solution will work for you. Beyond that, it really depends on a combination of both your monthly volume and your average ticket size.

For instance, if you have a very small ticket size - the per transaction cost will have a greater impact than the % rate. If you have a very large ticket, the reverse will be true.

I'm struggling with this issue at the moment. I'd like to accept payment in Pounds for my UK clients. I don't think CDG does this. Worldpay are quite expensive. Are there any alternatives? My tickets are relatively high at ~ GBP1500 per ticket, maybe ten tickets a month.

Anthony

asamir, do not hijack the thread.

eh? In order to determine if this is a good rate from Worldpay, one has to consider the alternatives. For your information, these are my offer terms from Worldpay:

Application Costs:
Set-up Fee: 399 USD, 450 CAD
Monthly Fee: 50 USD, 60 CAD.

Currencies: Three currencies are provided as a standard part of your Internet Merchant Account. 75 USD, 112.50 CAD per additional currency.

Transaction Service Charges:
0.40 USD, 0.60 CAD per transaction for Merchant Account Service Charge
3.25% on the value of all USD to USD and CAD to CAD transactions
5.25% on the value of all other transactions
0.10 USD, 0.15 CAD per transaction for Fraud detection.

You may be the original poster, but you're not a moderator. Please try to be courteous.

Anthony