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Singapore Customers
E-Commerce web sites
As a partner of WorldPay we can ensure you are trading on
line in the shortest possible time, by applying for your online Merchant
account here,
we can develop your web site to accept credit & debit cards in no
time.
Existing
sites can also be developed to accept credit & debit cards, the
first stage of the process is to contact us for a full evaluation of
your needs, then we can ensure that all your requirements are met.
When you
are ready to proceed with your e-commerce site, Click
Here to apply for your WorldPay Merchant Account.
If you
are unsure about any stage of the process, simply Contact
us for assistance.
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The pricing below is valid for Singapore
only. For more pricing information, contact our
sales team. For the discounted pricing we offer
registered charities, see the bottom of this page. For
pricing in other countries, check out our other sites,
worldwide.
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WorldPay's merchant account. |
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Set Up |
Annual |
Credit Card |
Debit Card (Solo/Switch) |
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S$ 250 |
S$ 650 |
% |
S$ |
% |
£ |
|
4.5 % |
n/a |
n/a |
£ 0.50 |
|
Credit Card % TSC: this figure incorporates a)
the percentage charged for each credit card transaction and
b) the service charge for your WorldDirect merchant
account.
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WorldPay's anti-fraud system.
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Configurator (per month)
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Per Transaction (TSC)
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WorldDirect |
WorldDirect |
|
n/a |
% |
S$ |
|
n/a |
S$ 0.16 |
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WorldAlert for WorldDirect Customers: WorldAlert (including
WorldAlert Configurator) is a standard component of
the WorldDirect package.
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Set Up
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FuturePay |
WorldAccess |
Additional Currency |
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S$ 280 |
S$ 138 |
S$ 138 |
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Additional Currency: the first three acquisition
currencies are free for WorldDirect customers. The
additional currency fee applies when this limit is exceeded.
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Settlement/remittance occurs when the
money that's due to you from transactions gets paid into
your bank account. Before it gets to your bank account, bank
transfer charges, WorldPay's transaction charges, and
refunds (see Chargebacks below) are deducted from this
money.
The money from transactions is usually
settled to WorldDirect customers every week, four weeks in
arrears.
Charges per remittance are as follows:
 |
Remittance in Singapore Dollars to a bank account
located in Singapore - S$7 per remittance. |
|
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Remittance in Singapore Dollars to a bank account
located outside Singapore - S$27 per remittance. |
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Remittance in US Dollars to any bank account located
outside the US - US$16 per remittance. |
The minimum amount that can be settled is S$270.00,
or US$150.
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A chargeback occurs when the bank that
issued the debit or credit card to a person who bought goods
from your business, reverses the transaction, even though it
had previously been cleared.
A chargeback can happen at any time,
sometimes months after the transaction took place, and for a
number of reasons. Sometimes the shopper claims that he
never received the goods, or that the goods were defective
in some way. Sometimes the transaction is reversed because a
stolen card number was used to purchase goods.
You can lower the risk of chargebacks in a number of
ways: You can protect your store with anti-fraud
systems, like WorldAlert, or another third-party system.
Occasionally, however, you will get chargebacks, and you
should take account of this when making your financial
calculations.
Chargeback pricing: due to the costs involved in
reversing transactions, WorldPay will charge you S$ 28
for every chargeback.
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WorldPay offers registered charities
discounted pricing on the following products:
WorldDirect
Registered charities who choose WorldDirect, WorldPay's
merchant account, are exempted from the annual fee.
WorldAlert, including WorldAlert Configurator functionality,
is provided free of charge. WorldDirect transaction
charges (which are inclusive of account charges) are also
lower.
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The charge for single currency processing is
3.25% per transaction |
| |
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The charge for multicurrency processing is
3.25% per transaction |
All Other Pricing
Pricing for additional products, settlement pricing and
chargeback pricing, are not currently discounted for
registered charities. |
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Click HERE to apply now.
The WorldPay
Advantage
At a glance
- Global leader in multi-currency payments processing
- Bank endorsed
- Innovative and cost-effective eCommerce solutions
- Industry-leading security, fraud detection & the WorldPay
Guarantee
- Simple, online, realtime application & authorisation process
- No trading history required
- Short set up time
Here are some typical concerns that your customers may have and more
importantly how WorldPay can help!
I don't know what WorldPay actually do. What are you trying to
sell me?
That's a reasonable question from a new prospect. If you come up against
it, here are the key facts about WorldPay.
- Established in 1993
- Leading online payment solutions provider
- Recognised for long history of eCommerce innovation
- NatWest is a major shareholder
- Multi-currency payment processing in over 130 currencies
- Repeat billing and micro-payment solutions
- Cross border trade advice with t@xandlegal.com
- Global customers, partners and offices
I would like to take payments online, but worry about security and
fraud
Security and fraud remain the biggest concerns in the market. We offer
the products, the services and the experience to significantly reduce
exposure to fraud. Your customers will have the peace of mind that they
are protected by the most sophisticated solutions currently available.
- Secure, bank endorsed online payment facilities
- Unique encryption, security tools and techniques
- WorldPay Guarantee - protecting both online retailers and shoppers
It's too complicated to apply for an Internet Trading Account
Many businesses, particularly smaller and medium size operations are put
off by the complexity of the application process. It's clear that banks
do not focus on SMEs, so where do retailers go?
- With WorldDirect, no trading history is required
- Over 90 percent of applicants are successful, compared to only 35
percent with some banks
It takes months to set up
Let's face it - once customers apply for an account, they want to get on
with it. They have a business to run and they want to start earning
revenue as quickly as possible. No wonder they are frustrated when some
banks can take up to three months just to complete the preliminaries.
WorldPay streamlines the whole process.
- Quick, online, realtime application and authorisation process
- Internet Trading Account available within as little as 48 hours of
receipt of documentation
- Easy integration with all major shop carts and bespoke systems
Payments processing costs an arm and a leg
That depends on who does the processing. Many companies try to make
processing look complicated so that they can charge high fees. We also
know about confusing pricing structures and lock-in contracts that give
the business a bad name. WorldPay aim to cut through the ambiguity and
give your customers real value for money.
- Full range of cost-effective payment solutions
- No contract commitments
- Simple to understand pricing structure
E-Commerce web sites
As
a
partner of WorldPay we can ensure you are trading on
line in the shortest possible time, by applying for your online Merchant
account here,
we can develop your web site to accept credit & debit cards in no
time.
Existing
sites can also be developed to accept credit & debit cards, the
first stage of the process is to contact us for a full evaluation of
your needs, then we can ensure that all your requirements are met.
When you
are ready to proceed with your e-commerce site, Click
Here to apply for your WorldPay Merchant Account.
If you
are unsure about any stage of the process, simply Contact
us for assistance.
