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Worldpay vs. Shopify Payments

March 11, 2022

Worldpay vs. Shopify Payments

The world of payment processing is ever-evolving, with new technologies and improved functionalities being introduced every day. In recent times, Worldpay and Shopify Payments have been prominent amongst payment processors. While both payment processors have their unique features, choosing one over the other will depend on your business goals, the size of your business, and the types of transactions you process.

Processing Fees

When choosing a payment processor, processing fees are a vital factor to consider since they can affect your profits. Shopify Payments charges 2.9% + 30¢ per transaction for online sales, while Worldpay's pricing ranges from 2.9% + 30¢ to 3.9% + 40¢ depending on the payment plan you choose.

Features and Functionalities

Shopify Payments has quickly become one of the go-to payment processors due to its simplicity and ease of use. Asides from handling credit card processing, Shopify Payments also provides fraud protection, chargeback reconciliation, and a mobile app to monitor sales and transaction activity.

On the other hand, Worldpay offers a more robust set of features that includes virtual terminals, card reader compatibility, and invoicing tools. Named "Best Card Processor" at the Merchant Payment Ecosystem Awards, Worldpay prioritizes security and has a well-designed payment gateway interface that ensures seamless payment processing.

Integration

Another important aspect to consider is how well the payment processor integrates with your business software. Shopify Payments is a built-in payment processor within the Shopify ecommerce platform, which means it's automatically integrated into any Shopify store. This integration allows for easy tracking of sales and payments, and reduced time spent on reconciliations.

Worldpay, however, provides a wide range of APIs and integrations, making it easy to integrate with numerous ecommerce solutions like WordPress, Magento, Drupal, and more. The availability of APIs allows businesses greater control over the payment process, enabling them to create more customized payment workflows.

Performance

In terms of the overall performance, both payment processors offer reliable and secure payment processing. Shopify Payments has a simpler interface that makes it easy to use, while Worldpay offers a more sophisticated platform which can take some time to master, but provides excellent performance in the long run.

Conclusion

Both Worldpay and Shopify Payments have their unique features and advantages. While Shopify is great for small-sized ecommerce stores, Worldpay is more suitable for larger businesses with more complex payment processing needs. Ultimately, choosing between the two will depend on your business goals, transaction processing volume, and preferred features.

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