AIB Merchant Services: A Comprehensive Review for UK Businesses

For UK businesses looking to accept card payments, choosing the right merchant services provider is crucial. AIB Merchant Services, a joint venture between Allied Irish Banks (AIB) and First Data (now Fiserv), offers a range of payment solutions tailored to businesses of all sizes. In this review, we’ll explore the key features, pricing, pros, and cons of AIB Merchant Services to help you decide if it’s the right fit for your business.

What is AIB Merchant Services?

AIB Merchant Services provides card payment processing solutions, including:

Card terminals (countertop, mobile, and portable options)
Online payment gateways for eCommerce
Virtual terminals for phone or mail-order payments
Multi-currency processing for international transactions

As part of Fiserv’s Clover network, AIB Merchant Services benefits from advanced payment technology, making it a strong contender for UK businesses.

Key Features & Benefits

1. Flexible Card Terminals

AIB offers a variety of terminals, including:

Countertop terminals – Ideal for retail stores and restaurants.
Mobile terminals – Perfect for businesses on the go (e.g., delivery services, market traders).
Portable terminals – Wireless options for table-service businesses.

2. Competitive Transaction Fees

AIB’s pricing is structured based on business type and turnover. While exact rates are provided upon application, businesses can expect:

Pay-as-you-go pricing – No long-term contracts for some plans.
Interchange-plus pricing – Transparent fee structures for larger businesses.

3. Fast Settlement Times

Funds typically reach your account within 1-3 business days, helping with cash flow management.

4. Advanced Security & Fraud Prevention

AIB Merchant Services includes:

PCI DSS compliance – Secure card data handling.
Tokenization & encryption – Reducing fraud risks.
Chargeback management – Tools to help dispute fraudulent transactions.

5. eCommerce & Omnichannel Solutions

Payment gateways (e.g., AIB Pay) for online stores.
API integrations with major eCommerce platforms like Shopify and WooCommerce.
Recurring billing for subscription-based businesses.

Potential Drawbacks

Not the cheapest for small businesses – Some competitors offer lower fees for micro-businesses.
Customer service reviews vary – Some users report delays in support responses.
Primarily focused on Ireland & UK – Less ideal for businesses needing global payment support.

Who is AIB Merchant Services Best For?

Retailers & hospitality businesses needing reliable countertop or mobile terminals.
eCommerce stores looking for secure, integrated payment gateways.
Service-based businesses (e.g., tradespeople, consultants) requiring portable payment solutions.

Final Verdict

AIB Merchant Services is a strong option for UK businesses that want a reputable provider with flexible payment solutions. While fees may not be the lowest on the market, the reliability, security, and range of features make it a solid choice for SMEs and larger enterprises.

Next Steps:
If you’re considering AIB Merchant Services, request a tailored quote based on your transaction volume and business type to ensure competitive pricing.

Would you like help comparing AIB Merchant Services with other providers like Barclaycard, Worldpay, or Square? Let us know—we’re here to help you make the best choice for your business!