It’s frustrating bc Worldpay can absolutely still offer rates in the 2.5% range.
I know bc I have 3 Merchant ID’s
-One for online orders
-One for mobile swipers (deliveries pay at the door)
-One for my standalone reader (used for pickup orders)
I got rid of my standalone reader for a bit and ran all the pickup orders through my actual POS terminal, so the transaction was going through my Merchant ID I use for online orders. I thought I would save some $$ not having to pay all the BS fees they add to every Merchant ID….
I was wrong, not only did I pay I higher rate, it also slowed down the store, its way faster using a standalone terminal.
So I asked to get a new Merchant ID and have Worldpay reconfigure the VX520 terminal I still had. No problem at all… Ive had it for 3 months now and get a rate of 2.6%
My other 2 MID’s are around 3.2%
Luckily the MID thats at 2.6% is my biggest volume