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Monek

Monek is an FCA-authorised UK payment institution (FRN 920628). It provides card machines, hosted online checkout, a virtual terminal, Pay by Link and a REST API, with in-store, online and phone payments on one account. It acquires in sterling and settles to UK bank accounts, and offers EUR and USD through partner acquiring. It also offers merchant cash advance, buy now pay later, and white-label and ISV partner programmes.

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Fees from
Growing Business (under £200,000/year): 0.99% blended rate on personal debit and credit cards; 1.99% on business credit and debit cards; 2.99% on foreign/non-UK cards; per-transaction fee of £0.05 on UK cards and £0.10 on non-UK cards; PCI compliance fee of £2.99 per month; terminals from £25/month; no setup fees; no monthly minimums. Established Business (over £200,000/year): bespoke IC++ (interchange-plus-plus) pricing, with per-transaction fees of 3p on UK cards and 10p on non-UK cards.
Settlement
Next business day
Coverage
1 country
Payment methods
9
Dev tools
Sandbox Webhooks

Fees shown are indicative, not a binding quote — always verify with Monek before signing. Visit Website is an external link; we may earn a commission.

Monek overview

Best for

UK businesses, from small retailers and hospitality venues to larger companies, that want in-store, online and phone card payments on a single account.

Monek pricing & fees

Pricing structure

Pricing
Growing Business (under £200,000/year): 0.99% blended rate on personal debit and credit cards; 1.99% on business credit and debit cards; 2.99% on foreign/non-UK cards; per-transaction fee of £0.05 on UK cards and £0.10 on non-UK cards; PCI compliance fee of £2.99 per month; terminals from £25/month; no setup fees; no monthly minimums. Established Business (over £200,000/year): bespoke IC++ (interchange-plus-plus) pricing, with per-transaction fees of 3p on UK cards and 10p on non-UK cards.
Your business must be registered in
Not disclosed

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Monek settlement & payouts

Payouts

Settlement time
Next business day
Settlement currencies
Not collected yet

Monek API & integration

API Profile

Sandbox
Not listed
Webhooks
Not listed

Monek coverage & payment methods

Supported countries

1 country
GB

Payment methods

AmexApple PayDiscoverGoogle PayJcbMastercardPayment LinkPaypalVisa

Monek licensing & compliance

Legal & Compliance

Licensed entity · regulatorily responsible

MONEK MERCHANT SERVICES LTD

United Kingdom

Licenses

Payment Institution GB

FCA Authorised Payment Institution (UK)

Financial Conduct Authority (UK)

License numbers & register records

1 license number · 1 register record on file for Monek, with status history and links to verify each one at the regulator — free with a PaymentProviders account.

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Using ChatGPT or Claude? Ask it to prepare your application to Monek. It can fill in your business profile for you, and you review and sign it here — nothing is sent before that. How assistants do it

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