
New to card payments
Provide convenience for customers and more sales for your business - discover the benefits of accepting card payments and how the process works.
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Why do card payments matter?
The amount of card transactions made in the UK is increasing year-on-year as more and more consumers expect to pay by card. Businesses of all shapes and sizes can benefit by accepting card payments and offering a convenient way for their customers to pay for their goods and services.
Advantages of taking card payments
How do card payments work?

How much does taking card payments cost?
Although some business operations might look the same, most can be quite different. The cost of taking card payments can depend on a number of factors including the volume and type of payments you take, the solutions you select and any additional options you add on to your service. Lloyds Bank Cardnet will work with you to ensure you get the right service at the right price.

What can contribute to the cost?
The payment solution you choose:
Some card machines include a monthly rental and associated contract terms. If you wish or need to break out of the contract early, some fees may apply.
Card fees:
For every transaction you take, there is a merchant service charge applied to cover the costs of processing those fees. These can differ dependent on the type of card used, for example, debit or credit card, the method of accepting that payment, either face-to-face or online and potentially which country the card being used is issued from. All associated charges are detailed and explained to you as part of your application process.
Frequently asked questions
Useful information
Glossary
To understand what happens when processing each card payment, it helps to learn the common terms used by the card payment industry.
How do you want to take payments?
Card readers
For businesses that need to take payments face to face at the till, at a table or away from their premises.
Online
For businesses who rely on taking payments through their website or other digital channels, including pay by link.
Over the phone
For businesses who need a secure way to take payments when a cardholder is not present.