Countertop POS for retail · United Kingdom

Cardnet (Lloyds Bank) card processing fees: what a shop actually pays

On its cheapest published plan, Cardnet (Lloyds Bank) charges 0.50% + £0.03 on a card taken in person. For a shop taking £5,000 a month on cards, that plan costs £54 a month — 1.07% of everything it takes once the monthly fee and the hardware are counted across three years. The shop keeps 98.93%.

That is 0.57 percentage points above the advertised 0.50%. The difference is the £21.00 monthly fee and the £0.03 charged on every sale.

What does the provider publish?

Cardnet (Lloyds Bank) publishes the plans below on its own pricing page; the last column quotes the conditions in the provider's words.

Source: Cardnet (Lloyds Bank) pricing page. checked 2026-08-25
Plan	Monthly fee	Hardware	In person	Online or keyed	Effective at 5,000 a month	As published
Castles Saturn terminal	£23.00 ex VAT	not stated	0.50% + £0.03	not published	1.11%	GBP 23 monthly rental + VAT. Visa Debit and Mastercard Credit 0.5% service charge plus GBP 0.03 authorisation. Minimum monthly charge GBP 10.
Clover Flex	£21.00 ex VAT	not stated	0.50% + £0.03	not published	1.07%	GBP 21 monthly rental + VAT, with an optional GBP 10 SIM. Card-not-present adds 0.25%; the gateway is GBP 0.13 per transaction.

UK providers do not publish on the same basis. Monthly fees and hardware are printed exactly as published, and where the provider states the basis we print it. At 20% VAT an ex-VAT fee is 1.2 times higher on the invoice, so an ex-VAT figure and an inc-VAT figure are not comparable as printed. We do not convert between them.

Scroll sideways on a phone.

Contract length: not stated in the provider's published pages (checked 2026-08-25).

Online or keyed rate: not stated in the provider's published pages (checked 2026-08-25).

Chargeback fee: not stated in the provider's published pages (checked 2026-08-25).

PCI fee: not stated in the provider's published pages (checked 2026-08-25).

What does it cost at the size of shop you actually are?

The same plan is a different price depending on how much goes through the card machine, because the fixed part does not move.

The share of card sales that leaves the business, by how much the shop takes on cards in a month, over three years. Monthly fees and hardware do not shrink when sales do, so the same plan costs a different share at every line. A dash means the provider publishes that plan only for a stated range of turnover that this column falls outside. checked 2026-08-25
Plan	£1,000	£2,000	£5,000	£10,000	£25,000	£50,000
Castles Saturn terminal	2.95%	1.80%	1.11%	0.88%	0.74%	0.70%
Clover Flex	2.75%	1.70%	1.07%	0.86%	0.73%	0.69%

Scroll sideways on a phone.

How that is worked out

transactions = monthly card sales / average sale processing = monthly card sales x rate + transactions x per-transaction fee monthly cost = software fee + terminal rental + PCI fee + processing (never below the provider's monthly minimum) three-year cost = monthly cost x 36 + hardware bought outright effective rate = three-year cost / (36 x monthly card sales) what you keep = 100% - effective rate

The average sale is an assumption of this site, not a published figure: $25.00 in the United States and £20.00 in the United Kingdom. It decides how heavily a per-transaction fee lands, so the calculator lets you change it. Interchange, chargebacks, refunds, currency conversion, sales tax and VAT are not in any figure on this site, because the pricing page does not price them for a given shop. Every figure here is a floor. The full method is at Method.

What is fixed and what moves with sales?

Cardnet (Lloyds Bank) publishes both the percentage and the per-transaction fee. On Castles Saturn terminal the fixed part is £23.00 a month before a single card is tapped, which is 0.46% of card sales at £5,000 a month and 0.05% at £50,000. checked 2026-08-25

A percentage on its own says nothing about what a small shop pays. The monthly fee, the terminal and the per-transaction fee are fixed amounts, so they land hardest on the shops with the least card volume — which is the opposite of how the headline rate reads.

Who owns it?

Owned by Lloyds Bank. Source. checked 2026-08-25

Where this leaves you

If the shop takes under £2,000 a month, this plan is 2.75% of card sales, not 1.07%. The fixed part is the whole of that difference.
There is a minimum monthly charge of £10.00. Below about £2,000 of card sales a month you pay it whether you trade or not.
Do not decide yet if your card takings move with the season: this plan is 1.07% of sales at £5,000 a month and 0.69% at £50,000, and chargebacks, refunds and foreign cards are in neither figure — what the headline rate leaves out.

Who this page is not for

This is not a review. We have not used Cardnet (Lloyds Bank), we hold no opinion on its hardware or its support, and nothing here is a recommendation. It answers one question: what the published price turns into as a share of card sales.

Sources

Cardnet (Lloyds Bank) pricing page — every figure on this page. checked 2026-08-25
Ownership source. checked 2026-08-25
data.json — the row behind this page, with the source URL and check date on every figure.

Written by Kaz (pen name). Figures are copied from providers' published pricing pages on the dates shown. We have not used these products. Corrections: contact form.