Brexit - Customer Impact Changes

 

To mitigate against the implications of the UK leaving the European Union without a deal on 29 March 2019, it may be necessary for Worldpay to make changes to your service provider in advance of this date. This is outlined in the notice regarding contractual changes that has been sent to you. In the event that your service provider does change, you may see the following impacts across our different platforms and services.

 

Worldwide Payment Gateway

Due to the proposed changes, you may see the following impacts:

Transfer reports
  • If your Worldpay service provider changes from Worldpay (UK) Limited to Worldpay BV, you will receive your transfer report from Worldpay BV. The content of your report will not change.

 

Card Acquiring

Due to the proposed changes, you may see the following impacts:

Changes to remittances
  • If you operate across both the UK and EU, you may begin to see more individual settlements as processing is split between Worldpay (UK) Limited and Worldpay BV.

 

Alternative Payment Methods (APMs)

Due to the proposed changes, you may see the following impacts:

Services
  • Bankout – the Remitter and statement narrative may change
  • Bankin - Your customers will need to deposit funds into Worldpay BV registered accounts. Where this is the case, we will provide the account details in due course
  • Authorisations may take place through an account depending on the APM. If this is the case, we will provide further details in due course

 

Fees and Invoice changes

Invoicing

Due to the proposed changes, you may see the following impacts:

For merchants incorporated or registered in the Republic of Ireland whose services are switching from Worldpay (UK) Limited to Worldpay BV
  • As a result of the proposed changes, you will receive invoices from our Dutch entity, Worldpay BV. This means that our supply to you will no longer be domestic for tax purposes. If you are VAT registered you will need to “self account” for VAT (sometimes also referred to as “reverse charge”).  If we do not hold a valid VAT registration number for you, in line with EU VAT law, we will need to add VAT to our invoices. 
For merchants incorporated in the Netherlands moving from Worldpay (UK) Limited to Worldpay BV
  • Your invoices will come from our Dutch entity, Worldpay BV, meaning our supply to you will be domestic in The Netherlands and, where applicable, we will need to add Dutch VAT to invoices. 
For other EU merchants moving from Worldpay (UK) Limited to Worldpay BV
  • As a result of the proposed changes, you will receive invoices from our Dutch entity, Worldpay BV.  If we hold a valid VAT registration number for you, you should not see any other differences and, in particular, you will need to “self account” for VAT (sometimes also referred to as “reverse charge”).   If we do not hold a valid VAT registration number for you, in line with EU VAT law, we will need to add VAT to our invoices.

For FAQs regarding Worldpay’s approach to Brexit, please click here.