A Large International Payment Processor
WorldPay is a very large direct processor with an international presence in 40 countries, with a primary focus on the U.K. and Europe. Founded in the UK in 1989 under the name “Streamline“, the company’s name was changed to WorldPay a few years later. In 2001, WorldPay began to offer U.S. merchant accounts in Atlanta, Georgia. Shortly after, the company was bought by The Royal Bank of Scotland (RBS) and rebranded as RBS WorldPay. In 2010, RBS sold its controlling interest in the company and RBS WorldPay was rebranded back to just “WorldPay.” Charles Drucker is listed as the president and CEO of the company and its corporate headquarters are located at 8500 Governors Hill Drive, Symmes Township, OH.
WorldPay Payment Processing
WorldPay processes all major debit and credit cards for most business types. For small and medium businesses, they offer POS systems, EMV terminals, the Authorize.Net payment gateway, digital and mobile wallets, FastAccess funding, extensive security features, gift card solutions, and data analysis and processing. For enterprise-level businesses, they also offer B2C and B2B e-commerce solutions. They claim to accept over 300 types of payments.
Acquired by Fidelity National Information Services
In 2017, Vantiv acquired WorldPay for $10 billion. The combined entity has since assumed WorldPay’s name and begun to consolidate its sub-brands into WorldPay. Less than two years later in March of 2019, Fidelity National Information Services, Inc. announced its agreement to purchase WorldPay for $35 billion. The Fidelity acquisition became finalized on July 31, 2019.
WorldPay Review Table of Contents
- Costs & Contract: WorldPay offers a multi-year contract with an early termination fee of up to $495.
- Complaints & Service: WorldPay has received more than 400 public complaints.
- BBB Rating: WorldPay (as FIS) currently has a “C+” with the Better Business Bureau and is not BBB accredited, though they have acquired 249 complaints and 14 reviews in the last 3 years.
- Sales & Marketing: WorldPay hires independent sales agents and has received a high number of complaints about its sales practices.
- Rates & Fees: How Merchants Got The Best Rates With WorldPay