There are the six things you need to do before you apply for Lloyds Bank Cardnet:
Get a business bank account. To set up your Lloyds Bank Cardnet merchant account, we'll need your business bank account sort code and account number. You don't have to bank with Lloyds Bank or Bank of Scotland.
Have your start date ready. It's worth allowing 10-15 working days from the date of your application for your Lloyds Bank Cardnet account to be set up.
Complete your business plan. To make sure we set up the right facilities, we like to see a recent business plan and financial forecasts showing how you plan to grow or sustain your business.
Know your turnover. Lloyds Bank Cardnet is suitable for all types and size of business, but makes most sense if you're taking at least £1,000 in card transactions per month.
Be prepared to trade securely and be compliant. Businesses accepting cards must comply with mandatory card industry security standards known as PCI DSS. We have an online portal where you can certify your compliance, or, if you are not already compliant, there is an online tool to help you become validated (subject to payment of a fee).
If you want to trade online, please have all the information required available. You will need to link our card acceptance facility with your website and integrate with your chosen Payment Service Provider (PSP). The PSP in this instance can be Lloyds Bank Online Payments from Lloyds Bank Cardnet, or a 3rd party PSP of your choice.