Lloyds embeds Stripe payments in its business accounts

Lloyds and Stripe announced Lloyds Accept on 9 June, a set of payment tools integrated into the Lloyds Business Account. The offering covers in-person terminals, Tap to Pay and payment links. Stripe supplies the underlying payments infrastructure while Lloyds provides the banking relationship and distribution.

The proposition is practical for a small business that sells at a counter and takes remote orders: it can use different acceptance methods within the same banking relationship. The release says customers can set up quickly, but does not provide an independent onboarding-time study or a full fee comparison. Lloyds reported serving more than one million business customers; that is the potential banking audience, not the number already enrolled in the new service.