Remittance is made weekly after a retention period which may vary according to the financial strength of the applicant and the type of product or service offered.
WorldPay can remit funds due for customer’s bank accounts in any of the following 14 currencies to any bank worldwide, using the SWIFT payment system.
Hong Kong Dollars
New Zealand Dollars
South African Rand
Bank Online Merchant Account
Remittance is arranged between the customer and their acquiring bank. In this model WorldPay simply acts as the intermediary between the customer and the bank acquirer and has no influence on remittance times.
WorldPay can process transactions in virtually any currency, and can process through virtually all of the UK and US banking network. Multi-currency transactions are passed through NatWest Bank in the UK.