Merchant Accounts

Merchant Account Provider Notes
UTP Competitive rates for small and medium businesses. Find out more »
Worldpay Largest merchant services acquirer in the UK. Find out more »
Card Cutters Competitive rates. 5-star rating with TrustPilot. Find out more »
Streamline Now part of Worldpay Find out more »
Global Payments Acquired HBSC Merchant Services in the UK in 2009. Find out more »
Co-Operative Bank Find out more »
Barclaycard Find out more »
First Data Find out more »
Lloyds TSB Cardnet Find out more »
AIB Find out more »
Elavon 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.