Merchant Accounts

These are the main providers of merchant accounts for UK businesses.

There are also providers who offer high-risk merchant accounts.


Merchant Account Provider Allows High-Risk Merchants? Phone
Allied Irish Bank No 0845 301 5407 Find out more »
Barclaycard No 0800 096 0025 Find out more »
CardSave No 0115 948 7624 Find out more »
Co-Operative Bank No 08457 654 654 Find out more »
Elavon No not listed Find out more »
First Data No not listed Find out more »
HSBC No 0800 731 8921 Find out more »
Lloyds TSB Cardnet No 0800 056 8669 Find out more »
Streamline No 0800 61 61 61 Find out more »
Yorkshire Bank No 08457 034 567 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 an 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.