Card machine for a new business on day one? UK
Card machine for a brand new business on day one? Watch the full video above, or read the complete timestamped transcript below.
Transcript
[0:00] Card machine for a brand new business on day one? A 60-second plain answer.
[0:08] Yes. Several UK acquirers will issue a terminal on day one, with no trading history needed. The director KYC carries the application.
[0:16] How it is decided. The acquirer verifies the company at Companies House, the director's ID, the trading address, and a business bank account in the company name. Match all four and it clears in hours.
[0:24] Who and how fast. SumUp, Zettle, Square and Dojo can ship a terminal within 48 to 96 hours. Worldpay, Elavon and Barclaycard accept new starts with a higher reserve.
[0:32] The catch. Not approval, it is the cap. Expect a monthly limit of 10,000 to 25,000 pounds for the first 90 days, with single payments over 500 pounds flagged for review.
[0:40] Full UK card machine comparison on merchanthq.co.uk.
MerchantHQ is an independent UK comparison and introducer service, not a payment provider.