Dojo vs Lloyds Cardnet
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.
Quick Verdict
Dojo offers faster settlement, better rates, and more flexible contracts. Lloyds Cardnet may appeal to existing Lloyds business banking customers but pricing and service lag behind.
Our recommendation for most UK businesses: Dojo — stronger headline pricing, next-day payout as standard, shorter or rolling terms, and markedly higher merchant satisfaction on Trustpilot.
Feature comparison
| Feature | Lloyds Cardnet | Dojo |
|---|---|---|
| Transaction fee (from) | From 1.5% (negotiable for Lloyds customers) | From 1.4% (negotiable) |
| Settlement | Typically 2–3 business days | Next-day settlement |
| Setup fee | Setup fees may apply | No setup fee |
| Contract | 18-month minimum; early termination fees can apply | 12-month or rolling contracts |
| Terminal | Terminals typically leased | Free terminal (on agreement) |
| Support | Via Lloyds Bank channels | Dedicated UK support |
| Trustpilot (indicative) | 2.9 / 5 | 4.7 / 5 |
Why businesses choose Dojo
Better headline economics. Dojo's from 1.4% negotiable rate undercuts Lloyds Cardnet's from 1.5% starting point, and you avoid the uncertainty of setup fees that may apply on the bank side. Over a year of card turnover, that margin adds up—especially when you are not tied to Lloyds for banking to unlock preferential pricing.
Faster cash in your account. Where Lloyds Cardnet typically settles on a 2–3 day cycle, Dojo offers next-day settlement, which tightens working capital if you pay suppliers weekly or run a high-volume till.
Less contract lock-in, clearer hardware. An 18-month minimum with early termination fees and leased terminals can make Cardnet expensive to exit; Dojo offers 12-month or rolling terms, a free terminal on agreement, and dedicated UK support—reflected in a 4.7/5 Trustpilot score versus 2.9/5 for Lloyds Cardnet.
Lloyds Cardnet can still suit merchants who want every financial product under one bank roof, but for fees, speed of payout, flexibility, and day-to-day service, Dojo is the stronger choice for most UK businesses comparing these two.
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