Merchant Accounts

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Merchant Account Provider Notes
First data 4883182b465868aa0804ebaed16f1137f84f8e3c55584e5b15256bc5040b61b4 Enables over six million businesses around the world to accept card payments. Find out more »
Utp 16b8488f9c109f5bb222d38b4838d5db1af46b41602a8762570d6d3fd8509ea3 Competitive rates for small and medium businesses. Find out more »
Worldpay eefe3e1524e8901a11235e546984fd7aa204b6b9db1fe5854f6294386810f306 Largest merchant services acquirer in the UK. Find out more »
Card cutters bb47ab8b9a888c71bb3ff252984c20a26196c943da8bd76bf91604beee8b9b91 Competitive rates. 5-star rating with TrustPilot. Find out more »
Global payments 4b6b1d7c04f1886080ee15dd1012bbb524401f87191d35302352ad712a07f860 Acquired HSBC Merchant Services in the UK in 2009. Find out more »
Co op 4a536cf55b6fa75a89897e17af464794593cbf5cf4ef1afb4fa9235755936e9e Find out more »
Barclaycard 3fb90c22756952c9e358c459b2615c537e6572c9f9fd200987099b8b060d5750 Find out more »
Lloyds tsb cardnet 6e95b65312e749135a21f6d2a42c6b996a0df85cd3a533bc33d72d9c381e3504 Find out more »
Aib f12ed35624b07446a574a0771d8441654f90f6aa77fc0abf16f7087b45dfe853 Find out more »
Elavon 314be621b296cd68d595f13bc9f51ec320ae99315d48474cfec166e8d9ec2981 Find out more »

What is a Merchant Account?

A merchant account is a special bank account that can receive money from credit card and debit card payments. It is different from your normal business bank account and doesn't need to be with the same bank.

You'll sometimes hear the term 'Internet merchant account', or IMA. This is a merchant account that can be used to receive online payments.

What is a MID?

Your merchant account has a unique identifier that banks use to identify it. This is called your merchant ID or MID.

High-Risk Merchant Accounts

Some types of businesses are considered by banks to be riskier than others.

For example, businesses that sell tickets for events provided by another company are considered high-risk because they might sell lots of tickets, then shut down before the event organisers have been paid.

Acquiring banks consider some business sectors to be high-risk for various reasons. If you're having trouble getting a merchant account with Streamline or one of the high street banks, you may like to try getting a high-risk merchant account.