{"id":12310,"date":"2022-01-11T06:07:32","date_gmt":"2022-01-11T12:07:32","guid":{"rendered":"https:\/\/reformingretail.com\/?p=12310"},"modified":"2022-01-11T06:07:32","modified_gmt":"2022-01-11T12:07:32","slug":"reformingretails-payment-sos-series-wtf-worldpay","status":"publish","type":"post","link":"https:\/\/reformingretail.com\/index.php\/2022\/01\/11\/reformingretails-payment-sos-series-wtf-worldpay\/","title":{"rendered":"ReformingRetail&#8217;s Payment SOS Series: WTF, Worldpay?!"},"content":{"rendered":"\n<p>Not gonna lie, this latest series of price increases from Worldpay might be the steepest we&#8217;ve ever seen.<\/p>\n\n\n\n<p>We&#8217;re talking about a 0.50% increase on total sales volume out of the gate, not including the additional monthly fees and random other fees.<\/p>\n\n\n\n<p>These statements come from a merchant with multiple locations, each getting a different set of rate increases (further proving, at least in our mind, that unscrupulous processors have a method to their madness on rate increases so as to avoid being easily caught).<\/p>\n\n\n\n<p>To put some teeth to the numbers, if this merchant does $1M in annual volume, Worldpay just pocketed an extra $5,000.<\/p>\n\n\n\n<p>For doing nothing.<\/p>\n\n\n\n<p>Let that sink in.<\/p>\n\n\n\n<p>Rates go into affect this month.<\/p>\n\n\n\n<p><a href=\"https:\/\/reformingretail.com\/index.php\/2022\/01\/04\/processing-your-payments-directly-with-a-processor-expect-the-abuse-to-get-worse\/\">Just further reinforcing our article from last week.<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"393\" src=\"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?resize=770%2C393&#038;ssl=1\" alt=\"\" class=\"wp-image-12311\" srcset=\"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?w=971&amp;ssl=1 971w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?resize=300%2C153&amp;ssl=1 300w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?resize=768%2C392&amp;ssl=1 768w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?resize=370%2C189&amp;ssl=1 370w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?resize=270%2C138&amp;ssl=1 270w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?resize=570%2C291&amp;ssl=1 570w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?resize=740%2C377&amp;ssl=1 740w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"417\" src=\"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?resize=770%2C417&#038;ssl=1\" alt=\"\" class=\"wp-image-12312\" srcset=\"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?w=881&amp;ssl=1 881w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?resize=300%2C162&amp;ssl=1 300w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?resize=768%2C416&amp;ssl=1 768w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?resize=370%2C200&amp;ssl=1 370w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?resize=270%2C146&amp;ssl=1 270w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?resize=570%2C309&amp;ssl=1 570w, https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image002.jpg?resize=740%2C401&amp;ssl=1 740w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<p>If you&#8217;re worried about the score, worry not: Jeff Sloan will find a way to compete. <\/p>\n\n\n\n<p>He&#8217;s got his Wheel of Fees and an iron will to win, by golly.<\/p>\n\n\n\n<p>Never count out the Sloanster to create a fee so unique, and so steep that you&#8217;ll crap your pants in awe.<\/p>\n\n\n\n<p>God we miss the SOS series.<\/p>\n\n\n\n<p>So much goodness to go around. <\/p>\n<script async=\"\" src=\"https:\/\/widget.websitevoice.com\/UMwLESBjj1uq-UOHwOeBBw\"><\/script>\n<script>\n  window.wvData=window.wvData||{};function wvtag(a,b){wvData[a]=b;}\n  wvtag('id', 'UMwLESBjj1uq-UOHwOeBBw');\n  wvtag('widget-style', {\n    backgroundColor: '#F5953E',\n    contrast: 'wv-contrast-dark'\n  });\n","protected":false},"excerpt":{"rendered":"<p>Not gonna lie, this latest series of price increases from Worldpay might be the steepest we&#8217;ve ever seen. We&#8217;re talking about a 0.50% increase on total sales volume out of the gate, not including the additional monthly fees and random other fees. These statements come from a merchant with multiple locations, each getting a different [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5,4],"tags":[],"class_list":["post-12310","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-solutions","category-merchants","post_format-post-format-image"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2022\/01\/image001.jpg?fit=971%2C495&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p81nA2-3cy","_links":{"self":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/12310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/comments?post=12310"}],"version-history":[{"count":7,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/12310\/revisions"}],"predecessor-version":[{"id":12320,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/12310\/revisions\/12320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media\/12311"}],"wp:attachment":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media?parent=12310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/categories?post=12310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/tags?post=12310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}