UK Payment Gateway
with Next-Day Settlement
FCA-authorised UK card processing for online, in-store, and phone payments. From £0 monthly, no setup fees, settled into your UK bank account the next working day.
What a UK payment gateway should actually do
A payment gateway is the bit of plumbing that authorises a card transaction, settles the money into your bank, and keeps the customer's details safely tokenised. Most providers cover the basics. Few do it fairly.
One provider, every channel
Take payments online, on a card machine, over the phone via Pay by Link or Virtual Terminal, and inside your software via our API. All on one merchant account with one statement.
FCA-authorised in our own right
Monek is directly authorised by the Financial Conduct Authority (FRN 920628) as an Authorised Payment Institution, not an agent of another authorised firm. Merchant funds are safeguarded in designated UK trust accounts. Payment services are not covered by the Financial Services Compensation Scheme.
Transparent UK pricing
Rates from 0.99% blended or fair IC++ pricing for high-volume merchants. No PCI surcharge, no monthly account fee and no minimum service charges. Pay by Link is 20p per link on standard pricing, or nil on a managed account.
Take card payments wherever your customers are
Online payments
Hosted checkout, a free WooCommerce plugin, and a developer API for everything else. PCI-compliant by default, 3-D Secure 2 on every transaction.
In-store card machines
PAX A920 Pro and PAX A77 terminals. Contactless, chip & PIN, WiFi + 4G, receipt printer built in. From £25/month with next-day delivery and UK-based support.
Phone, email & remote
Virtual Terminal for back-office MOTO payments and Pay by Link for click-to-pay over SMS or email. Branded checkout, 3-D Secure 2 by default. Pay by Link is 20p per link on standard pricing.
How Monek compares
A like-for-like view against three of the UK's most-used gateways. Card processing comparisons depend on your card mix and volume. These are typical SME effective rates.
| Monek | Stripe | SumUp | WorldPay | |
|---|---|---|---|---|
| Headline UK rate (consumer debit) | From 0.99% | 1.5% + 20p | 1.69% | 1.4% + 25p |
| Monthly account / PCI fee | £0 | £0 | £0 | £20–£40 |
| Settlement timing | Next working day | T+2 | Next working day | T+1 to T+2 |
| FCA-authorised in own right | Yes (FRN 920628) | Agent of an acquirer | Yes | Varies |
| UK-based phone support | Yes, named manager | Email-first | Email-first | Yes |
| Pay by Link included | Yes · 20p per link, nil on managed pricing | Yes, fee per link | Yes | Yes, fee per link |
| IC++ option available | Yes (above £200k/yr) | No | No | Yes (custom) |
Rates accurate as of May 2026. Stripe and competitor pricing taken from each provider's standard published tariff for UK consumer card transactions.
UK businesses we power
Frequently asked questions
What is a payment gateway?+
Do I need a separate merchant account?+
How quickly can I start taking payments?+
What does it cost?+
Is Monek really FCA-authorised?+
What support do I get?+
See exactly what your card processing should cost
Send us a recent statement and we'll quote you a like-for-like rate within an hour. We'll tell you to stay put if you're already on a fair deal.