Dojo vs Lloyds Cardnet: which saves you more?
Dojo is the stronger pick for most businesses here: its headline rate starts at 1.4% against Lloyds Cardnet's 1.5%, it settles next day rather than in 2-3 business days, and it comes with no setup fee and a free terminal on a 12-month or rolling term. Lloyds Cardnet mainly makes sense if you want your card payments under the same roof as your Lloyds business banking.
Rates and contract terms checked July 2026 · Based on providers' published pricing
Dojo
- Transaction
- From 1.4%
- Settlement
- Next day
- Setup fee
- £0
Lloyds Cardnet
- Transaction
- From 1.5%
- Settlement
- 2-3 days
- Setup fee
- May apply
Feature by feature
A side-by-side look at card fees, settlement, contracts, hardware and support, so you can see how a specialist acquirer compares to Lloyds Bank's Cardnet proposition.
| Feature | Dojo | Lloyds Cardnet |
|---|---|---|
| Transaction fee (from) | From 1.4%, negotiable | From 1.5%, negotiable for Lloyds customers |
| Settlement | Next day | Typically 2-3 business days |
| Setup fee | None | Setup fees may apply |
| Contract | 12-month or rolling | 18-month minimum, exit fees can apply |
| Terminal | Free, on agreement | Typically leased |
| Support | Dedicated UK support | Via Lloyds Bank channels |
| Trustpilot (indicative) | 4.7 / 5 | 2.9 / 5 |
The takeaway:Dojo comes out ahead on every line the two differ on - headline rate (from 1.4% vs from 1.5%), settlement (next day vs 2-3 days), setup fee, contract length and Trustpilot score (4.7 vs 2.9). Cardnet's main pull is keeping payments and banking with one provider.
Where Dojo wins
- Headline economics - from 1.4% negotiable vs Cardnet's from 1.5%, with no setup fee uncertainty
- Faster cash in your account - next-day settlement vs a typical 2-3 day cycle
- Less lock-in - 12-month or rolling terms vs an 18-month minimum with exit fees
- Clearer hardware - a free terminal on agreement rather than a lease
- Service - dedicated UK support and a 4.7/5 Trustpilot score vs 2.9/5
Where Lloyds Cardnet wins
- One roof - payments alongside your Lloyds business banking
- Customer pricing - rates are negotiable for existing Lloyds customers
- Bank backing - a high-street bank proposition, if that reassures you
How we calculated this
We take Dojo's and Lloyds Cardnet's published or typical advertised rates and apply them to example monthly card volumes. Total cost is worked out as transaction fees plus fixed monthly fees over 12 months. Rates change and individual pricing can often be negotiated, so treat these figures as a like-for-like guide rather than a quote. Always confirm current pricing with Dojo and Lloyds Cardnet before you commit.
The verdict
Choose Dojo if
- You want the lower headline rate, from 1.4%
- Next-day settlement matters to your cash flow
- You want no setup fee and a free terminal
- You prefer a 12-month or rolling contract
- You want dedicated UK support
Choose Lloyds Cardnet if
- You bank with Lloyds and want everything under one roof
- You can negotiate preferential pricing as a Lloyds customer
- You are comfortable with an 18-month minimum term
- You value a high-street bank proposition
Want this worked out at your exact numbers?
Tell us your monthly card takings and we'll run Dojo, Lloyds Cardnet and 13 other UK providers at your volume. Free, no obligation.
See also the full UK card machine rates table, all 15 providers in one place.