Elavon vs WorldPay

Elavon vs. Worldpay 

Payment processing is essential to facilitating customer payments and selecting a suitable payment processor can be challenging. Two players that offer solutions are Elavon and Worldpay from FIS. This comparison provides insights into crucial factors like value-added benefits, usability, data security, and pricing, helping you make the best decision depending on your business needs. 

Value-added benefits 

Worldpay and Elavon each offer services addressing specific business needs. Worldpay distinguishes themselves through their extensive integration capabilities, offering developer APIs, certified plug-ins for popular platforms, and pre-built extensions, ensuring compatibility with diverse business ecosystems. With support for 126 currencies, Worldpay extends its global reach, facilitating seamless transactions across multiple regions. Express features, such as recurring and scheduled transactions, enhance its versatility, making it a comprehensive payment processing solution.

Conversely, Elavon focuses on seamless integrations with Microsoft 365 and Oracle Netsuite, providing businesses with tailored solutions seamlessly integrating into existing ecosystems. With support for 91 currencies from over 100 countries, Elavon exhibits a commitment to global transactions. Notable features, such as the ability to process recurring payments and support for surcharging, further enhance their flexibility. Elavon's consolidated internal reporting within a single portal offers businesses valuable insights, streamlining operations and aiding in effective chargeback management. 

Usability 

Both providers grasp the importance of offering businesses versatile payment methods for the convenience of consumers to ensure a seamless and convenient payment experience.

Worldpay's support for phone payments, in-person transactions, and contactless payments, as well as its compatibility with well-known digital wallets like Apple Pay, Google Pay, and Samsung Pay, are examples of its usability. Additionally, it facilitates online payments and ACH transactions, catering to diverse customer preferences.

Elavon provides a range of payment options, including phone payments, in-person transactions, and contactless payments. In addition to supporting popular digital wallets and online payments, Elavon distinguishes itself by offering Electronic Check Service (ECS) processing for secure electronic check acceptance.

While both processors share standard payment methods, Elavon's unique feature lies in providing three different gateways, allowing businesses to tailor their payment processing. Additionally, Elavon offers a fast funding service that guarantees expedited funding within one business day of a batch submission, enhancing business cash flow.

Level of data security

When it comes to security, both providers, Elavon and Worldpay, prioritize the safeguarding of your business and customer information. They are committed to maintaining PCI compliance and offering advanced solutions to ensure a secure payment environment.

Elavon, with its PCI Solutions, and Worldpay, with SaferPayments, demonstrate a solid dedication to PCI compliance. Both providers go beyond the basics, implementing robust tokenization and encryption measures. Elavon introduces an additional layer of security with "Safe-T" tokenization, dynamically transforming card data into token values in real-time during processing.

Worldpay takes it further by integrating "FraudSight" into their API. This innovative feature analyzes and detects fraudulent behavior, enhancing the overall security posture. This not only demonstrates their commitment to security but also provides an extra level of protection for businesses relying on Worldpay's services.

Pricing 

Regarding pricing, neither Elavon nor Worldpay publicly advertise their fees. The reason behind this approach can be the dynamic nature of transaction costs, which can vary based on factors such as the type of transaction and specific business requirements. 

We recommend contacting each provider when gathering accurate and detailed price information.  By contacting Elavon and Worldpay, you can provide details about your business, its transaction patterns, and any specific requirements you may have. This direct communication allows the providers to tailor a quote that aligns with your business needs, providing a transparent and customized understanding of the associated costs.

Concluding Thoughts

In conclusion, choosing between Elavon and Worldpay depends on your business needs. Both providers offer distinct advantages, with Worldpay excelling in global integration and versatile payment methods, while Elavon focuses on tailored solutions and unique gateways. Both prioritize data security through PCI compliance, with Worldpay's "FraudSight" providing an extra layer of protection. The absence of publicly advertised pricing emphasizes the need for businesses to directly engage with both providers for personalized quotes based on their specific transaction patterns and requirements. Consider these factors carefully to align your choice with your business's unique goals and preferences. 
 

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