Dojo vs Lloyds Cardnet: which saves you more?
Dojo is the stronger pick for most businesses here. Its Fix plan (for businesses under £100,000 a year in card turnover) is £39.99 a month, covering card turnover up to £3,999 a month, then a 1% flat rate above £4,000: a 1.0% effective rate at £5,000 a month against Lloyds Cardnet's from 1.5%. Above £100,000 Dojo quotes a custom rate, and we have seen quotes as low as 0.29% for high-turnover businesses. Dojo also settles next day rather than in 2 to 3 business days, with no setup fee and a 30-day trial. 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 27 August 2026· Based on providers' published pricing
Dojo
- Fix plan
- £39.99/mo
- Settlement
- Next day
- Setup fee
- £0
Lloyds Cardnet
- Transaction
- From 1.5%
- Settlement
- 2-3 days
- Setup fee
- May apply
The MerchantSwitch route: Free Dojo terminal (no rental) through MerchantSwitch. Up to £3,000 towards your exit fees when you switch through MerchantSwitch. We have seen Dojo quotes as low as 0.29% for high-turnover businesses. Get the offer.
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 |
|---|---|---|
| Pricing | Fix plan: £39.99/month covers card turnover up to £3,999/month, then 1% flat above £4,000 (under £100k/year); custom quote above | From 1.5%, negotiable for Lloyds customers |
| Settlement | Next day | Typically 2-3 business days |
| Setup fee | None | Setup fees may apply |
| Contract | 30-day trial, then a 12-month price-locked plan | 18-month minimum, exit fees can apply |
| Terminal | From £179 upfront; free via MerchantSwitch | Typically leased |
| Support | Dedicated UK support | Via Lloyds Bank channels |
| Trustpilot (indicative) | 4.3 / 5 | 2.9 / 5 |
The takeaway: Dojo comes out ahead on every line the two differ on - cost (the Fix plan is a 1.0% effective rate at £5,000 a month vs from 1.5%), settlement (next day vs 2-3 days), setup fee, contract length and Trustpilot score (4.3 vs 2.9). Cardnet's main pull is keeping payments and banking with one provider.
Want Lloyds Cardnet and Dojo priced at your numbers?
Tell us your monthly card takings and we will quote both, honestly. Free Dojo terminal with no rental if Dojo wins it, and if you are inside a Cardnet term with exit fees, Dojo pays up to £3,000 towards them when you switch through MerchantSwitch (eligibility confirmed at quote). We respond in under 5 minutes.
Where Dojo wins
- Headline economics - the Fix plan works out at 1.0% effective at £5,000 a month 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 - a 30-day trial then a 12-month price-locked plan vs an 18-month minimum with exit fees
- Clearer hardware - buy the terminal outright from £179, and it is free through MerchantSwitch
- Service - dedicated UK support and a 4.3/5 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 Fix plan (£39.99 a month, 1% above £4,000 a month), or a custom quote above £100,000 a year
- Next-day settlement matters to your cash flow
- You want no setup fee, with the terminal free through MerchantSwitch
- You prefer a 30-day trial and then a 12-month price-locked plan
- 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
See also the full UK card machine rates table, every published rate in one place, or head back to the Dojo card machines hub.