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Lloyds Accept
Our card payments service
Your costs for accepting common individual card payments5
Mastercard
|
UK-based card |
Debit2 |
Credit3 |
Business4 |
|---|---|---|---|
|
UK-based card In person6 |
Debit2 1.5% + 20p |
Credit3 1.5% + 20p |
Business4 2.0% + 20p |
|
UK-based card Online/phone7 |
Debit2 1.5% + 20p |
Credit3 1.5% + 20p |
Business4 2.0% + 20p |
Visa
|
UK-based card |
Debit2 |
Credit3 |
Business4 |
|---|---|---|---|
|
UK-based card In person6 |
Debit2 1.5% + 20p |
Credit3 1.5% + 20p |
Business4 2.0% + 20p |
|
UK-based card Online/phone7 |
Debit2 1.5% + 20p |
Credit3 1.5% + 20p |
Business4 2.0% + 20p |
Additional charges per transaction
|
Authorisation fee |
0p |
Other potential transaction charges
|
Chargeback fee |
£20.00 |
|
Retrieval fee |
N/A |
Example
|
If your customer uses a Mastercard personal debit card in person to purchase a £10 item, you would pay: |
35p (1.5% of £10 + 20p) |
+ 0p (authorisation fee) |
= 35p |
|
If your customer uses a VISA personal credit card online or by phone to purchase a £10 item, you would pay: |
35p (1.5% of £10 + 20p) |
+ 0p (authorisation fee) |
= 35p |
Other monthly charges
|
Point-of-sale terminal (per terminal per month) |
N/A |
|
Gateway8 |
N/A |
|
PCI DSS service fee9 |
N/A |
|
Minimum monthly service charge (MMSC)10 |
£0.00 |
Other details
|
Settlement time |
3 business days |
|
Payment brands accepted |
VISA Mastercard American Express Discover (Diners) |
- The proportion of your transactions represented by each card type.
- Personal debit cards.
- Personal credit cards.
- Business debit cards.
- These are the most commonly used cards for most merchants. You pay us a percentage of each card payment you receive. This varies depending on the type of card. You may also accept other brand and types, which may cost more. You'll be able to find the cards you accept in your transaction information.
- A card payment where the card, cardholder and merchant are all in the same place.
- A card payment where the card, cardholder and merchant are not all in the same place.
- A service for capturing and transferring payment data.
- Charges relating to your compliance with card security and anti-fraud standards.
- Amount payable if your monthly transaction charges do not meet a minimum agreed amount.
EU and international cards will be charged a transaction fee of 3% + 20p.
For further information about pricing, please see Lloyds Accept interchange rates (PDF, 347KB) and simplified interchange rates table (PDF, 185KB).
Already taking payments with us? Call us on 0330 1347976 to discuss options.
Are you likely to take over £100,000 in card payments each year?
Lloyds Accept is mainly for smaller businesses. For your turnover, you may find options that could cost you less.
But you can still apply if you prefer:
- the features of this product
- the flexibility of pay-as-you-go.