A Guide to Taking Payment by Credit or Debit Card

Small business traders need to be able to accept payment by credit or debit card.

Banks and other payment service providers offer a range of merchant services that enable traders to take card payments securely online (including via apps), in person, by telephone or mail order. Traders need to apply for a merchant account in order to access these services.

This factsheet explains what a merchant account is and why it is vital for small business traders. It outlines the different types of merchant services that traders can apply for and gives examples of providers. The factsheet also lists the type of information that merchant account providers may request during the application process.

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