Quick Answer: A merchant account is a secure payment processing solution that enables UK businesses to accept debit and credit card payments in-store, online and over the phone. We Tranxact Ltd is a Birmingham-based independent payment consultant and broker that connects UK businesses of all sizes with acquiring banks and payment providers offering competitive transaction fees, fast approvals and same-day settlement options across the UK and Europe.

Merchant Accounts UK

Accept card payments and grow your business with confidence

We Tranxact Ltd is a Birmingham-based independent payment consultant and broker serving businesses across the UK and Europe. We connect UK businesses of all sizes — from sole traders and independent retailers to established e-commerce operations and high-risk sector businesses — with acquiring banks and payment providers offering the right merchant account solution for their specific needs.

A merchant account acts as the secure link between your customer's bank and your business, enabling card payments to be authorised, processed and settled directly into your account. In today's cash-free economy, accepting card payments is no longer optional — it is the foundation of modern business operations.

Why Your Business Needs a Merchant Account

Customers expect to pay quickly and securely whether in-store, online or over the phone. A merchant account is not just a payment facility — it is a strategic growth tool that improves cash flow, builds customer trust and enables your business to operate across every channel.

Accept Every Payment Type

Cash transactions are declining rapidly across the UK. A merchant account enables your business to accept debit cards, credit cards, contactless payments and mobile wallet payments including Apple Pay and Google Pay. Every payment type is covered through a single account.

Reach More Customers

Offering card payments broadens your audience immediately. Customers who do not carry cash — an increasingly large proportion of UK consumers — can purchase without friction, increasing conversion rates and average transaction values.

Sell Online With Confidence

E-commerce continues to grow across UK retail. A merchant account with an integrated payment gateway enables you to process card payments through your website or mobile application, giving your business national and international reach.

Build Trust and Credibility

Recognised card scheme logos at checkout signal professionalism and compliance with modern payment security standards. Customers feel reassured completing purchases on sites and in stores that accept major card brands.

Same-Day and Next-Day Settlement

Card payments settle faster than many alternative payment methods. Same-day and next-day settlement options mean your revenue reaches your business bank account quickly, improving cash flow management across the year.

Real-Time Reporting and Financial Tracking

Merchant accounts include detailed reporting dashboards providing transaction-level visibility across all payment channels. Track revenue, identify trends, manage chargebacks and simplify reconciliation and accounting in one place.

Security and PCI DSS Compliance

All card transactions processed through We Tranxact's partner network are encrypted and fully PCI DSS compliant. Accepting card payments reduces cash handling risk and provides a secure, auditable transaction record for every sale.

Scalable as You Grow

Whether you are opening your first location or expanding across multiple sites and channels, merchant accounts scale with your business. Additional locations, currencies and sales channels can be added without switching providers.

Top Features of a We Tranxact Merchant Account

We Tranxact connects UK businesses with acquiring banks and payment providers offering the features that matter most — competitive fees, fast approvals, multi-channel capability and dedicated support.

Fast Approvals and Onboarding

Most merchant account applications are approved within days. We prepare your application correctly from the outset, avoiding delays caused by incomplete documentation or incorrect business classification.

Competitive Transaction Fees

We negotiate directly with acquiring banks on your behalf, securing transaction rates appropriate for your sector, processing volumes and risk profile. You receive the benefit of our provider relationships rather than standard published rates.

Same-Day Settlement Options

Access your revenue faster with same-day or next-day settlement options available through selected providers. Faster settlement improves working capital and reduces the gap between sale and available funds.

Multi-Channel Payment Acceptance

Accept card payments in-store, online, over the telephone and via mobile through a single merchant account. Unified reporting across all channels gives you a complete view of your business payments.

Advanced Security and PCI Compliance

All transactions are encrypted and fully PCI DSS compliant with fraud prevention systems calibrated for your specific business type — protecting your revenue without creating friction for genuine customers.

Real-Time Reporting Dashboard

Track every transaction, payment volume and chargeback at a glance. Detailed reporting simplifies reconciliation, supports financial planning and provides the visibility your business needs.

Dedicated UK Support

We Tranxact is based in Birmingham. You speak to the same team throughout your application, onboarding and ongoing account management — not a call centre or automated support system.

Documents You Need to Open a Merchant Account

Before your merchant account can go live, your acquiring bank or payment provider must verify your business identity and compliance. Requirements vary between providers but the following documents are typically required for UK merchant account applications.

Standard Documentation

• Photo identification: Valid passport or driving licence for each company director or beneficial owner
• Proof of home address: Utility bill, bank statement or council tax document dated within 3 months
• Proof of business incorporation: Certificate of Incorporation or Companies House registration
• Proof of business address: Lease, utility bill or business-rate letter confirming your trading location
• Proof of business banking: Recent business bank statement showing your account name and number

Additional Documentation Sometimes Required

• Recent processing statements or turnover reports
• Business plan or summary of trading activity
• Website privacy policy and refund policy
• PCI compliance confirmation
• Sector-specific compliance documentation for regulated industries

Having documentation ready before application speeds up approval and avoids unnecessary delays. We Tranxact advises on exactly which documents your specific application requires before submission.

Card Machines That Keep Your Business Moving

When you open a merchant account with We Tranxact, you can also access a full range of chip and PIN card machines designed for speed, security and flexibility. Whether you trade from a fixed location, move between sites or sell on the go, we match you with the right terminal setup for your business.

Countertop Machines

Fixed-position card terminals connecting via broadband or phone line. Designed for high-volume in-store payment processing in retail shops, salons, restaurants and professional service businesses. Reliable, fast and straightforward to operate.

Portable Machines

Wireless card terminals connecting via Wi-Fi or Bluetooth for table-side and away-from-counter payments. Ideal for cafes, bars, restaurants and venues where customers are served throughout the premises rather than at a fixed checkout point.

Mobile Machines

4G-connected card terminals enabling payment acceptance anywhere with mobile network coverage. Designed for delivery drivers, market traders, mobile tradespeople and businesses operating at multiple sites or events without fixed premises.

All terminals are pre-configured for your We Tranxact merchant account so you can begin accepting card payments immediately. Same-day settlement options mean your takings reach your business bank account within hours of processing.

Low-Risk, Medium-Risk and High-Risk Merchant Accounts

We Tranxact provides merchant account solutions for businesses across all risk categories — from straightforward low-risk retail to complex high-risk sectors that mainstream payment providers decline.

Low-Risk Merchant Accounts

Standard merchant accounts for stable, established businesses with consistent transaction patterns and low chargeback ratios. Retail stores, restaurants, professional services and most established UK trading businesses fall into this category. Fast approvals, competitive transaction fees and straightforward onboarding.

Medium-Risk Merchant Accounts

Tailored merchant accounts for businesses with moderate risk factors including subscription billing models, travel-related services and businesses with higher average transaction values. We balance appropriate risk management with competitive fees and reliable settlement terms.

High-Risk Merchant Accounts

Specialist merchant accounts for sectors with elevated chargeback potential, regulatory complexity or payment processing restrictions. We Tranxact works with specialist acquiring partners across the UK and Europe to secure merchant accounts for businesses in gaming, CBD, supplements, adult content, pharmaceuticals, travel, crypto and other high-risk sectors.

Why Choose We Tranxact?

Choosing the right payments partner makes a direct difference to your cash flow, customer satisfaction and long-term growth. We Tranxact is an independent consultant — we work for you, not the payment providers.

Industry Expertise

Over a decade of experience connecting UK businesses with the most appropriate acquiring banks and payment solutions across standard and high-risk sectors.

Transparent Pricing

No hidden fees or confusing contracts. Clear, competitive rates negotiated directly with acquiring banks based on your specific business profile and processing volumes.

Fast Approvals and Settlements

Most applications approved within days. Same-day settlement options available through selected providers in our network.

Dedicated Birmingham-Based Support

Our Birmingham team provides direct, expert support throughout your application and ongoing account management. No call-centre scripts, no automated systems — just clear, professional guidance when you need it.

Flexible Solutions for Every Business

From start-ups to established high-risk merchants, we tailor each account setup to your sector, turnover and risk profile. We do not apply a one-size-fits-all approach.

Security and Compliance Built In

Fully PCI DSS compliant with advanced fraud prevention and encryption across every transaction processed through our partner network.

Merchant Accounts Across the UK

We help businesses throughout the United Kingdom open merchant accounts and access appropriate payment processing solutions regardless of sector, size or trading history.

Whether you operate in Birmingham, London, Manchester, Edinburgh, Glasgow, Cardiff, Bristol, Leeds, Liverpool, Newcastle or anywhere across England, Scotland, Wales and Northern Ireland, We Tranxact connects your business with acquiring banks and payment providers offering competitive merchant account solutions appropriate for your specific trading profile.

Related Payment Services

• Card Machines and Terminals
• High-Risk Merchant Accounts
• Ecommerce Payment Gateway
• Virtual Terminal and MOTO Payments
• Mobile Payments and mPOS

UK Merchant Account Regulations and Resources

• UK Finance — Card Payments Guidance
• FCA — Payment Services Regulation
• GOV.UK — Taking Card Payments for Business
• PCI Security Standards Council — Merchant Resources
• Mastercard UK — Accept Payments

Ready to Open Your Merchant Account?

We Tranxact connects UK businesses with the right acquiring banks and payment providers — fast approvals, competitive fees and dedicated Birmingham-based support