Vantiv/WorldPay users,
I, with another think tanker, have found our CC bills being higher lately. As high as 3.9%! I’ve done some initial digging and found a few strange charges in the “Other Fees” section. There is a $79.50 charge for a regulatory compliance fee and also an $11.11 charge for minimum bill adjustment. These two charges end up over $90 total. At 3 cents a swipe and 0% above interchange, my surcharges are only around $15-20 a month but I fear WorldPay is tacking on these extra costs and hiding them as what look like interchange but really it isn’t.
Anyone else noticing higher Vantiv bills/strange charges?
Sent from my Pixel 2 using Tapatalk
I, with another think tanker, have found our CC bills being higher lately. As high as 3.9%! I’ve done some initial digging and found a few strange charges in the “Other Fees” section. There is a $79.50 charge for a regulatory compliance fee and also an $11.11 charge for minimum bill adjustment. These two charges end up over $90 total. At 3 cents a swipe and 0% above interchange, my surcharges are only around $15-20 a month but I fear WorldPay is tacking on these extra costs and hiding them as what look like interchange but really it isn’t.
Anyone else noticing higher Vantiv bills/strange charges?
Sent from my Pixel 2 using Tapatalk
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