If you are looking for a new UK Internet Merchant Account, finding the ones with the lowest and most competitive fees could be time consuming. In many cases, you may not even know that you are paying too much money for your credit card processing needs.

In this article we have put together the lowest fees offered by Internet Merchant Account providers, based on their processing, application and transaction costs. Whether you are a start-up and looking for a secure online payment solution or you’re looking to get a better deal on your current Internet Merchant Account, we’ve made it easier to make the best selection.

1. PayPoint.net – If you run a small business, this is by far one of the best Internet Merchant Accounts you will find. They are not only respected in the card processing community, but you won’t have to worry about hidden fees and extra little charges. As a small business you can qualify for PayPoint.net Lite, where monthly fees start at just £10 and there are no set-up fees. If you run an established business you can take advantage of their feature-rich Professional or Enterprise packages. Their FastTrack option also provides online merchants with a complete solutions package including an internet payment gateway and merchant account at competitive rates.

2. WorldPay – Although Worldpay charges the same monthly fees as Paypoint.net, their set-up fees are a little higher, coming in at around £200. The transaction fees are reasonable and this company is not known for tacking on any additional fees throughout the month.

3. LloydsTSB Business Banking – Lloyd’s has a few good options for those interested in accepting payments online. Their CardNet service comes with some great perks and offers some of the lowest fees around.  If you already have a business account with Lloyds you will probably find it easier to purchase this addition. Overall, their Internet Merchant Account pricing structure is very fair and they are upfront about the fees you can expect to pay each month.

4. Barclaycard Business Banking – This service is designed more for those with a lot of experience in credit card processing.  For those that are just getting started, the company provides customer service to help you get set up. We selected them for this list because, in addition to their online payment process options, they provide PDQ machines as well as other onsite merchant account options at much lower rates than their competitors.

There are a vast number of online payment providers in the UK, but this list focuses on the four that are currently offering the lowest fees and the greatest service. Before you make your mind up remember that different independent providers and banks may offer you higher or lower costs depending on your circumstances.