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Lloyds Cardnet

A trusted merchant service provider from Lloyds Bank offering reliable in-store and online payment solutions for UK businesses of all sizes.

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What is Lloyds Cardnet?

Lloyds Cardnet is the merchant services division of Lloyds Bank, providing businesses across the UK with secure, bank backed solutions to accept card payments. Operating in partnership with Fiserv (formerly First Data), Cardnet offers a full suite of payment tools including in-store card machines, ecommerce gateways, virtual terminals, and merchant accounts.

As one of the UK’s most established financial brands, Lloyds Cardnet combines the stability of a high street bank with enterprise grade payment infrastructure. Whether you’re a small business accepting face to face payments or a growing ecommerce brand, Cardnet delivers dependable service with the confidence of a regulated UK provider.

Key Features of Lloyds Cardnet Merchant Services

  • Card payment terminals
    Cardnet offers a full range of card machines including countertop, portable, and mobile options, with support for contactless, Apple Pay, and Google Pay.
  • Online payments and virtual terminals
    Businesses can integrate Cardnet’s ecommerce payment gateway into their website, or use a virtual terminal to take phone payments securely.
  • Full merchant account
    Every Cardnet solution includes a merchant account, allowing for direct card processing and settlement to your business bank account.
  • Next day settlement
    Eligible merchants can receive funds as soon as the next working day, improving cash flow and reconciliation.
  • Fraud prevention tools
    Cardnet offers PCI DSS compliance support, tokenisation, 3D Secure, and fraud screening to keep transactions secure.
  • Personal account management
    Mid size and large businesses benefit from a dedicated relationship manager and direct UK based support.
  • Multi currency acceptance
    Accept international cards and process transactions in over 120 currencies with DCC (Dynamic Currency Conversion) options.
  • Integrations and EPOS compatibility
    Cardnet solutions can be integrated with many leading EPOS systems and third party software providers.

Who is Cardnet best for?

Cardnet is suitable for:

  • UK businesses that prefer a bank-branded, regulated provider
  • Retailers, tradespeople, and hospitality merchants
  • Ecommerce businesses looking for gateway and MOTO services
  • Companies processing over £100,000 annually who can benefit from bespoke pricing

It is less suited for micro merchants, pop-ups, or developers seeking rapid API integration, those users may prefer SumUp, Square, or Stripe.

Cardnet Merchant Services Pricing

Like many bank led providers, Lloyds Cardnet does not publish fixed pricing online. Fees are customised based on your turnover, transaction volume, and risk profile. However, typical pricing includes:

  • Transaction fees: Often between 1.0% and 2.5% depending on card type and volume
  • Terminal rental: From £15–£25/month based on device
  • Monthly service/PCI fees: Around £4.99–£9.99 depending on compliance method
  • Setup fees: Often waived, but may apply for bespoke installations or ecommerce tools

Compared to other providers, Cardnet stands out for its trusted banking brand, strong UK support, and fast settlement capabilities. It lacks some of the flexibility and digital first UX of Stripe or Dojo, but excels in stability and long term business relationships.

At Compare Card Fees, we work directly with Cardnet and other acquiring banks to negotiate rates that are not usually available to individual businesses. Our relationships with merchant service providers allow us to offer exclusive pricing and guidance, helping you get better value from your card processing provider.

Pros and Cons of Lloyds Cardnet

PROS

Trusted UK bank with established infrastructure

Fast settlement options and full merchant account

Terminals for all business sizes and sectors

Competitive rates via Compare Card Fees

Strong UK-based customer support

Cons

Fees are not published transparently

Contracts may include early termination clauses

Less flexible than API first providers like Stripe

Limited self service tools or dashboards

FAQs about Lloyds Cardnet

What is Lloyds Cardnet?

Lloyds Cardnet is the merchant services arm of Lloyds Bank, offering payment processing solutions to UK businesses, including terminals, ecommerce gateways, and merchant accounts.

Is Lloyds Cardnet suitable for small businesses?

Yes, but especially those processing consistent volumes. Very small or mobile only traders might prefer providers like SumUp or Zettle for lower cost flexibility.

Does Cardnet support online payments?

Yes. Cardnet offers a payment gateway and virtual terminal for taking payments online or by phone. These are suitable for ecommerce, MOTO, and B2B services.

Do I need a Lloyds Bank account to use Cardnet?

No. You can use Cardnet with any UK business bank account. Settlement can be routed to your chosen provider.

How quickly are payments settled with Cardnet?

Cardnet offers next day settlement for eligible businesses, meaning you receive funds on the next working day after transactions are processed.

Does Cardnet charge for PCI compliance?

Yes, a PCI DSS fee is typically charged monthly, usually between £4.99 and £9.99. This supports secure processing and compliance tools.

Can I integrate Cardnet with my EPOS system?

Yes. Cardnet supports a wide range of integrations with point of sale providers and hospitality software.

What contract terms are available with Cardnet?

Contracts typically range from 12 to 36 months. Early termination fees may apply, so be sure to request a full breakdown before signing.

How do I get a better rate from Cardnet?

Using Compare Card Fees, we can negotiate a personalised Cardnet rate that’s often lower than what you'd receive as an individual business. Our independent service ensures you're getting the best deal possible.

Is Lloyds Cardnet secure and compliant?

Yes. Cardnet is fully PCI DSS Level 1 certified, backed by Lloyds Bank and Fiserv, and offers a suite of fraud and risk tools to protect merchants and customers.

Is Lloyds Cardnet Right for Your Business?

If you're looking for a reliable, well supported merchant service provider backed by one of the UK’s biggest banks, Lloyds Cardnet is a strong contender. It offers fast settlements, dependable hardware, and the reassurance of working with a regulated financial institution.

However, the pricing structure and contract terms can be opaque, which is where Compare Card Fees can help. Our team can negotiate exclusive Cardnet merchant rates tailored to your business needs, ensuring you get the most value with none of the guesswork.

Still exploring options? Compare UK payment providers here to find the best fit for your business.

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