Based in Elland, West Yorkshire, Acceptcards was founded by financial industry experts in 2005 to provide independent, specialist advice about credit card processing and acceptance to businesses in the UK. Since it is an independent merchant services broker, it does not provide card processing services directly. Instead, Acceptcards partners with merchants to find the best acquirer to meet their needs. To do this, Acceptcards works with many acquirers, including AIB Merchant Services, Barclaycard, Lloyds Bank Cardnet, Elavon, Global Payments, and Sage Pay. Acceptcards support team members even helps low and high-risk merchants complete applications with their chosen merchant services provider.
Acceptcards does not charge merchants for assisting them in finding an acquirer. The acquirer actually pays Acceptcards when a merchant signs up for a merchant account. It is important to note that Acceptcards partners with membership organizations, professional practices, and independent banks, including Metro Bank, to provide a best in class service to clients. By partnering with the independent broker, a bank without an acquiring division, an accountancy practice, or a national trade association can find the best deals for its members.
Also, it leases chip and PIN machines through Acceptcard Rentals Limited, as well as and bespoke payment consultancy services.
One of the UK’s largest independent payment service providers, UPG, formerly known as Universal Payment Gateway and based in Staffordshire, purchased Acceptcards and its subsidiary, Acceptcard Rentals, in 2014. Due to financial troubles, UPG was forced to sell its assets to pay creditors. Accept Cards was sold to a new owner in February 2017. As of this writing, it is privately owned. The payment gateway division of UPG was sold to Monek.
Acceptcards is not only a consultant for debit and credit card transactions, but it also acts as a referral service between merchants and processors, terminal suppliers, and online payment gateway providers.
The website states that the company is not affiliated with any specific acquiring bank or processor, however, Acceptcards gets paid when an acquirer or processor gets a new client through its service. Merchants do not pay for Acceptcards services.