RBS WorldPay

Posted on 04. Nov, 2009 by Steve.

RBS WorldPay, Accept Credit Card Payments Setup Fee: 100 GBP Monthly fee: n/a per month. Transaction charge: 7.50%on the value of all transactions e.g. credit and charge cards. Credit and debit card processing systems operate the same way the world over. This description lays out the basics of payment processing. It also helps you appreciate the charges and risks involved in accepting payments. 1. Collecting payment data Payment details are entered into the payment device or system. They could be entered by a call centre operator, read by a card-reader or entered directly into an internet page. 2. Authentication Details of the purchase, details from the card and the PIN are sent through to RBS WorldPay. We identify the relevant card scheme (Visa, MasterCard etc.) and send the details through them to the bank or other institution that issued the card. If the details can’t be verified, the payment is [...]

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