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Please view the information below on the World
Account
For all the costs involved with this account, including
set-up charges, transaction rates, monthly fees etc.
please click here.
Set-Up |
£88 |
Monthly Fee |
£18 |
Credit Cards |
3.30% |
Debit Cards |
3.30% |
Settlement |
28 Days |
Virtual Terminal |
FREE |
Rolling Reserve |
 |
Please note that unless you are processing transactions
of £5,000 or more, our terms, prices and rates
are non negotiable. Therefore please do not ask us to
make an exception as we cannot do so.
FREE Virtual Terminal
For many businesses, this is the most exciting feature
of the Web-Merchant
service.
If you don't yet have a web site we can still activate
your Merchant Account for your 'traditional' business,
so you can start taking credit card payments directly
from customers, or by phone, fax, mail-order etc.
You don't even have to rent a terminal, or 'PDQ' machine
to process card transactions - you will be able to input
information on a simple screen on your computer. By
simply going online to a secure page, which we give
you, you can verify each transaction instantly. If you
have a number of transactions to check, just stay on-line
and submit them one after the other.
Just complete the standard application form and choose
'Yes' when asked whether you want to apply for the virtual
terminal .
Multi-Currency
When you apply for Web-Merchant
your account is set-up to accept a base currency as
standard and for FREE. This enables your customer to
pay in the currency of their choice at the prevailing
exchange rate.
Over 120 additional currencies are available at a charge
of £50 (+VAT) per currency. If you require additional
currencies, these can be arranged when your Web-Merchant
account is set-up on our systems.
Fraud Prevention
As a standard feature, your Web-Merchant
account will be equipped with an 'online detective'
facility helping you to avoid
fraudsters and tipping you off when a transaction
looks suspicious or too good to be true.
The cost of the online detective is 6p per transaction
and represents a very small price to pay compared to
the potential revenue loss from a single fraudulent
attack.. more >>>
Deferred Payments (pre-Authorisation)
In addition to the normal online credit/debit card
checks, you may want to make offline checks against
your shopper's credit/debit card. Deferred payment (or
pre-authorisation) gives you the time to make such checks.
The shopper enters their card details as normal, the
online checks are made, and funds are reserved for payment
against the shopper's card. However, the payment is
not completed at the time, but deferred, allowing you
to make additional offline checks against the card.
If you are satisfied with the results of those additional
checks, you complete (or post-authorise) the transaction.
The shopper is now debited, and remittance (the funds
that are made over to you) is made to your account.
If you want to support both standard authorisation
and pre-authorisation on your web site, we will need
to set you up with two remittance accounts. You can
manage pre-auth transactions through to post-authorisation
on the Customer Management System (CMS) - see below
or click here
Note: Pre-authorised transactions are effective only
for five working days and, if not post-authorised, will
lapse after this period. This means that the shopper's
card will not be debited and you will not receive remittance
of funds.
Merchant Administration Interface (MAI)
The Merchant Administration Interface (MAI) is an online,
menu-driven management and reporting tool you can use
to administer your account(s) and payments and to customise
your installation options and payment pages. It is one
of a number of tools we provide to help you carry out
a range of tasks. A comprehensive user guide is available
after you apply
To
learn more about the MAI please click here
FuturePay - Subscription
/ repeat billing
In traditional business it is often an advantage if
you are able to let your customers make payments on
a regular basis - such as in the case of membership
fees, or subscriptions. Web-Merchant can provides you
with the facility to set up the equivalent of Standing
Orders or Direct debits with your customers. This service
is called 'FuturePay' and
is available as an add-on to your Web-Merchant Account
for an additional once only fee of £100 (+VAT).
If you wish to use FuturePay, simply select the appropriate
service when you apply.
Please click here for more
information regarding FuturePay
Process and documents
When you apply online you will receive an automated
email with the relevant documentation and supporting
documents to return. Once all forms and supporting documents
have been printed off, signed and returned back to us,
your application will be assessed, then you will be
contacted with a decision. You will also be contacted
if any questions regarding your application arise.
For help on understanding the documents and for information
on how to complete them, please
click here
Money-back Guarantee *
There is nothing to lose by applying
for the World Merchant Account as we provide a no risk
Money-back Guarantee. We only take payment once we receive
the relevant documentation from you, thus making a complete
application. If you complete the application
form correctly, but subsequently get rejected, for whatever
reason, then you will receive a full refund of your
payment.
*
Please be aware that if you simply change your mind
an admin charge of £50 will be applicable
Application timescales
During busy periods the application process may take
14 - 21 working days (from the time of receiving
your documents) due to the amount of applications we
receive. However we try and get the whole process done
in as little as 10 - 14 working days
Disclaimer
Please note that due to an applicants status and/or
business model and following a full risk assessment
of an application, we are unfortunately sometimes required
to increase two specific elements: the settlement period
and the rolling reserve, in order to increase the merchant's
chance of obtaining a merchant facility with one of
our sponsor banks
Indeed a longer settlement period and a larger rolling
reserve are more likely to reassure our processing bank
that we have taken sufficient steps to mitigate the
risk exposure on an account.
As you can imagine we are unable to tell who will have
their settlement period and rolling reserve increased
until an application has been put in and is being processed.
Please be reassured that you are under no obligation
to continue with the application if the new terms offered
no longer meet your requirements. If this is the case
than simply reply to the relevant email and your application
will be terminated
Integrating your web site with the World Account
There are several different ways to integrate your
site/shopping cart to the World Account. The way in
which information about purchases is passed between
your shop and the World Account payment service is called
the Integration method.
You can set-up the Redirect Model integration to suit
your own requirements by configuring various options.
For instance, you can upload your own versions of the
payment pages that are displayed to your shoppers, and
you can specify that you want to use the Payment Notifications
(Callbacks) feature.
When a shopper makes an order at your website and starts
to pay, our 'callback' feature
enables you to automatically return information from
us to your webserver. Many shopping carts make extensive
use of this feature, to manage your shopper's orders
more effectively.
For much more information on integration issues please
click here
Shopping Cart and/or Bespoke Integration
We have a comprehensive range of technical guides and
application 'plug-ins' that are made available to you
on application. including a FREE integration manual
and 24/7 tech support. When you apply
for Web-Merchant, you will be asked about your
proposed web site so you can be sure to receive the
correct integration information.
Web-Merchant integrates with all the major shopping
cart software applications currently available in the
marketplace. Also any shopping cart scripting such PHP,
ASP, JSP, CFM can be used, plus other technologies such
as Microsoft ASP.NET
Using
eCommerce Builder
If you require a simple to use shopping cart Web site,
allowing your customers to add items to a basket and
then buy from you using Web-Merchant's secure checkout
process, why not take a look at our eCommerce
Builder solution ... it's everything you need
to trade online ... and more!
For more information
on the World Merchant Account please click here
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