The information about Worldpay’s fees for the virtual terminal is not so transparent, but we do know there are two price structures: Simplicity with a fixed transaction rate for all card transactions, and Custom with varying rates depending on the card accepted.
The Worldpay website states light information about the service, PCI compliance package (without mention of cost) and the promising statement of “simple pricing plans”. However, you have to phone Worldpay up and give information about your business before receiving a full picture of fees.
It’s all very secretive, isn’t it – they refused to give us any details for publication when we last phoned them, but promised to tell merchants more over the phone. If you are interested in Worldpay, by all means ask for a callback and prepare to negotiate. This is a company that definitely has the ability to give you a good price as long as you know what you are looking for.
PayPal also requires a phone call to finish your application for the virtual terminal, but their fees are at least the same for everyone.
That being said, there are three different PayPal fee structures for the virtual terminal: Standard with a fixed 2.9% + 30p transaction fee, Blended with a 1.2% + 30p fee and Interchange Plus with a 1.2 + interchange rate (0.2%-2%) + 30p fee.
You get Standard pricing per default, but can ask for Blended or Interchange Plus pricing (subject to qualifying factors explained by PayPal). A 2.5% currency conversion fee applies to all currency exchanges, but the cross-border applies only to Standard and Blended pricing.
PayPal may sneak in some small extra fees, e.g. for “uncaptured authorisation transactions”. If you’re set on deciphering all the virtual terminal charges from the PayPal website, prepare to spend time trying to figure out which charge applies to what exactly in the lengthy service agreements.
PCI compliance is a required extra cost for both virtual terminals, but exact prices for that depends entirely on which providers you go with for this.