Business loans
A flexible way to expand your business or invest in equipment.
Mobile Point of Sale
Our pocket-sized card reader is a great option for small businesses who want to accept payments on the move or just occasionally.
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Why choose mPOS card readers?
£49 one-off no VAT on first card reader. No monthly fees and a fixed 1.75% transaction rate1.
- Compatible with iOS and Android
- Free 12-month warranty
- Received funds within three working days
- Process refunds directly from the app
- £49 + VAT for additional devices
1 Ongoing pay as you go fee for card payments. All cards charged at 1.75%. Fee applies to all major credit and debit cards. American Express is also available and is optional. Per-transaction charge is agreed via direct contract with Amex.
Getting started with your Mobile Point of Sale
- Apply: Simply answer a few questions online or over the phone and share some business details. Then confirm to finish your application, the device fee will be collected by direct debit.
- Set up: Once you’ve completed the application, we’ll ask you to sign the agreement electronically. Then we’ll set up your account.
- Connect: When you’ve received your device, simply launch the Lloyds Bank Cardnet App and pair it to your mobile or tablet device to start selling. Read the setup guide (PDF, 3MB)
- Learn: Track your sales and access statements through our free online reporting tools. They give you live customer data so you can manage and develop your business.
Other ways to accept payments face to face
Frequently asked questions
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The main difference is to do with your contract. Our Mobile Point of Sale is a great option for small business card payments as it has no minimum contract or monthly fee. It’s even small enough to fit in your pocket, so whether you have a business premises or not, you can set up and start selling from anywhere.
The other mobile card readers and our portable and countertop machines all come with a range of contract options, where you pay a monthly rental charge.
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mPOS or mobile point-of-sale is a specific device, smartphone or tablet that acts as a wireless till, allowing you to accept customer card payments. It works by using your mobile phone's Wi-Fi or 4G data connection to process the transaction. All you have to do is download the Lloyds Bank Cardnet App and connect your mobile phone to the device via Bluetooth. It’s designed for businesses that need to receive payments on the move.
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The Lloyds Bank Cardnet App is downloadable from the App Store of your smartphone or tablet device and requires a log-in to be created by you. The email used should be the same as the email provided to Cardnet as part of your set up process. If you need to change this, just let us know by email LloydsBankCardnetmPOS@lloydsbanking.com
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A gratuity or tips functionality can be applied to your terminal. Should you wish to have this enabled, please email LloydsBankCardnetmPOS@lloydsbanking.com. Please note the 1.75% processing fee charge also applies to gratuities.
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Your card reader is chargeable via a micro USB cable (one is included in your card reader box).