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Merchant Services Comparison UK

Merchant Services Comparison UK

Merchant accounts are available in a number of forms from a range of suppliers; deciding which bank or financial specialist to choose from can be difficult. It is important that, if your business is considering starting an account, you compare the options that are available to you.

As with many other business services, it is important to consider your own eligibility - this means thinking about whether you may require a specialist provider that will cater to your business needs. Some companies will be required to use a high-risk account provider, whereas new businesses might prefer a small business merchant account expert. In any case, considering which option is best for you is vital.

To find out more about the range of options available, simply continue reading this page and take a look at the range of merchant account suppliers. If you would like to start comparing options straight away however, then you just need to fill in your details in the form above.

Comparing merchant account quotes with Approved Index is free, quick and easy, and it could save your business as much as 40%.

Compare Top UK Merchant Account Providers Today & Save Up To 40%.


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Top 5 Merchant Account Service Providers

This table includes a comparison of the top 5 UK merchant service providers - as well as providing an overall star-rating, we have also included a checklist to explain what features and functionalities are on offer.

Merchant SupplerWorldpayLloydsFirst DataPayment SenseGlobal Systems
Countertop, Portable & Mobile TerminalsYesYesYesYesYes
Virtual TerminalYesYesYesYesYes
Contactless PaymentsYesYesYesYesYes
Flexible PricingYesNoYesNoYes
Fraud Risk ManagementYesNoYesNoYes
24/7 Client CareYesYesNoNoYes
Joining FreeNoYesYesYesYes
Rating★★★★★★★★★★★★★★★★★★★★★

The table above contains a direct comparison of the top 5 merchant service providers that operate with UK clients - to find out even more detail about that they could offer you, simply complete the form at the top of this page today.


Best Merchant Service Considerations

Choosing the best merchant account provider is not easy. If you already have a business or company bank account, you may call your bank first but it’s best to shop around and compare fees because they enormously vary. If you haven’t been in business for long, merchant account providers can make it difficult for you. Try to negotiate setup fees and percentages (for credit cards) and fees per transaction (for debit cards).

Using an independent payment gatewayalso makes changing suppliers easier and usually charges cheaper. Call all suppliers if necessary before making that all-important choice. Here are things you should look for:

  • High approval rates
  • Doesn’t require start-up fees
  • Can set up an account on the same day
  • Gives you a choice to choose from different point-of-sale models for in-store locations, along with a shopping cart for online stores
  • Offers month-to-month agreements instead of two-to-three-year contracts like most companies
  • Clears customer payments the next day after point of sale
  • Provides 24/7 professional toll-free phone and email customer support services
  • Offers Internet-based features (a merchant account, a virtual terminal, and a payment gateway)
  • Has the lowest estimated monthly credit card swipe and key-in, required monthly gateway (if applicable), and statement fees
  • Offers a shopping cart for online storefronts
  • Provides high security by using a wide selection of equipment
  • Allows you to access your account any time to see balances, sales volumes, and charges

Compare All UK Merchant Service Providers

The table below includes a very brief introduction to the range of merchant account suppliers that will be included on this page. Continue on down the page for more information, and for links to the full reviews.

SupplierProvider TypeHigh Risk Services?
HSBCHigh Street BankNo
HalifaxHigh Street BankNo
SantanderHigh Street BankNo
American ExpressHigh SpendersNo
HandepayPayment Processor & Merchant AccountsNo
Card CuttersAllied Irish Bank Merchant ServicesNo
ElavonPayment processorNo
PaypalPayment processor/Payment GatewayYes
RealexPayment GatewayUnlikely
SagepayPayment GatewayNo
TransaxPayment ServicesNo
First DataPayment ProcessorYes
Pay SafeSpecialistYes
IngenicoPayment ServicesYes
PayeaseOffshoreYes

Merchant Service Provider Review Comparison

The following table lists the provider reviews that you will find on this website along with some basic information on each provider.

HSBC

HSBC are a well known bank high street bank that offer merchant accounts to UK clients. Established in 1865, this bank is trusted around the world by a huge number of customers.

  • Category: High Street Bank
  • Payment processor/gateway: Global Iris
  • Accept high risk merchants? No
  • Cost: Individually negotiated

Halifax

Halifax are a well known bank high street bank that offer merchant accounts to UK clients. Established in 1853, this bank is trusted around the world by a huge number of customers.

  • Category: High Street Bank
  • Payment processor/gateway: Cardnet
  • Accept high risk merchants? No
  • Cost: Individually negotiated

Santander

Santander UK was founded in 2011 by the Spanish Santander Group. This well established bank is reputable and trusted by a great many clients to provide top-quality services.

  • Category: High Street Bank
  • Payment processor/gateway: Elavon
  • Accept high risk merchants? No
  • Cost: Individually negotiated

American Express

American Express has been operating since it was founded in New York in 1850. Across the world, Amex is recognised as being a top-quality option for top quality clients.

  • Category: Specialist – caters for high spenders
  • Payment processor/gateway: American Express
  • Accept high risk merchants? No
  • Cost: Examples provided in their review

Handepay

Handepay has been an established debit and credit card processor since 2005 and has a strong reputation as a quality service provider.

  • Category: Payment Processor & Merchant Accounts
  • Payment processor/gateway:Handepay
  • Accept high risk merchants? No
  • Cost: Individually negotiated

Cardcutters

Card Cutters offer their clients expertise in a range of forms - from credit transactions to online payments, they care well regarded throughout the industry.

  • Category: Specialist – represents Allied Irish Bank Merchant Services
  • Payment processor/gateway: Ingenico payment services
  • Accept high risk merchants? No
  • Cost: Costs are provided in their review

Elavon

Elavon merchant services cover a range of functions, features and requirements, making them suitable for a whole host of businesses.

  • Category: Primarily payment processor – merchant accounts are available
  • Payment processor/gateway: Elavon
  • Accept high risk merchants? No
  • Cost: Individually negotiated

PayPal

PayPal is a world-renowned brand that is used by almost every modern business; established in 1998, this has quickly become one of the most used and well respected payment specialists.

  • Payment processor/gateway: PayPal
  • Accept high risk merchants? Yes
  • Cost: Pricing information is provided in the review

RealEx

RealEx was founded in 2000 as a merchant services provider that could cater to small and medium businesses - since it's start, it has grown to become a an excellent provider for all UK businesses.

  • Category: Payment Gateway
  • Payment processor/gateway: Realex
  • Accept high risk merchants? Unlikely
  • Cost: Some pricing information is provided in the review

Sagepay

Sagepay work with over 50,000 clients in Europe, offering a range of top quality services. Their products and services are an excellent choice for all businesses.

  • Category: Payment gateway and merchant accounts
  • Payment processor/gateway: Sagepay
  • Accept high risk merchants? No
  • Cost: Pricing information is provided in the review

Transax

Transax merchant services are suitable for a range of businesses, with a number of services and products available.

  • Category: Payment services providers
  • Payment processor/gateway: Transax
  • Accept high risk merchants? No
  • Cost: Individually negotiated – claim to undercut other quotes by up to 40%

First Data

First Data is a world-wide payment solutions company that offers services to global clients; they offer a range of services to suit all business needs.

  • Category: Payment processor
  • Payment processor/gateway: First Data
  • Accept high risk merchants? Yes
  • Cost: Individually negotiated – some information provided in review

Paysafe

Paysafe work to provide their clients with efficient payment processing that works for them. With a range of services available, this provider is an excellent choice for UK businesses.

  • Category: Specialist
  • Payment processor/gateway: Paysafe
  • Accept high risk merchants? Yes
  • Cost: Individually negotiated

Ingenico

Ingenico offer top quality merchant services and products to UK businesses, with a range of options available to suit all types of business.

  • Category: Payment services providers
  • Payment processor/gateway: Ingenico
  • Accept high risk merchants? Yes
  • Cost: Individually negotiated

Payease

PayEase merchant services are an excellent choice for a range of businesses. They offer services and solutions for a range of scenarios and are well regarded by both clients and competitors.

  • Category: Specialist payment services providers based in China
  • Payment processor/gateway: PayEase
  • Accept high risk merchants? Yes
  • Cost: Individually negotiated

Compare Top Merchant Account Providers

The information on this page should have provided some idea as to which merchant account provider will be best for your business. To compare full quotes though, you should speak to suppliers today - Approved Index can help here.

We use your specifications to provide you with access to quotes from the most suitable suppliers - you can then compare these quotes to get the best possible merchant solution.

Comparing quotes with Approved Index is free, quick and easy - to start now, simply complete the form at the top of this page. You could save as much as 40%.

Compare Top UK Merchant Account Providers Today & Save Up To 40%.


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