So you are considering buying an AIB Merchant Service for your business? And you need to know what payment services are offered and what the fees are? Then you’re in the right place!

This review is the top guide to AIB Merchant Services including all payment services, contractual terms, card payment machines, their pricing and so much more!

Card Processing & Payment Services

AIB Merchant Services (AIBMS) provide face-to-face, online and phone payment services. These are offered through card schemes such as Visa, Mastercard, Diners Club International, American Express, Union Pay and Maestro.   

Apart from payment services, AIBMS offer a number of other unique products. These include custom gift cards which can increase sales, and the ‘GlobalChoice’ conversion allows international customers to make purchases by card in their home country. They also offer innovative POS terminal accessories.  

AIBMS provide a tax-free worldwide service which helps with payments from tourists. It allows businesses to earn additional income from each transaction. The ‘AIBMS Insight’ data management system also provides access to card transaction data and helping businesses with planning.  

Payments can be accepted face-to-face and online using the following methods: 

  • Face-to-Face payments: Countertop terminals, portable terminals & card terminals.
  • Online payments: Payment Gateway & Virtual terminal.

Contracts & Features

AIB Merchant Services offers long-term contacts of up to 4 years. These are issued through its ‘First Merchant’ processing service. It also provides month-by-month contracts to seasonal businesses with unreliable cash flow. Generally transaction fees are tailored and include high termination fees. AIMS provide features such as: 

  • 24/7 customer service.
  • Fraud protection.
  • Shopping cart integration.
  • eCommerce terminal. 
  • Clover EPOS systems.
  • ‘AuthiPay’ Service.
  • Terminal lease/rental. 

Pricing & Fees

AIB Merchant Services provide a mixture of pricing which is mostly based on business size. While exact transaction fees are usually customized, those listed below are a good guide.  

Online Payments
Fee Small Business Medium Business Large Business
Monthly  £21.99  £50 Custom
Transaction Cost 20p per transaction 15p per transaction Custom
Processing Fee 2-3% credit, 5p debit 2.5% credit, 5p debit Custom
Transactions (#)  300  1,000 Custom


Mobile Reader
Fee Cost
Setup £100
Monthly £10
Transaction 2.25% credit & 35p debit

(Please note: All Information accurate at the time of publication)

Face-to-face and mobile payments can be handled by the range of Clover POS terminals and card readers that AIBMS provide. These point-of-sale machines are a full retail solution that can supply organisations with the ability to grow their business.  

The Clover Station, Clover Mini and Clover Flex card machines from First Data, arrive ready-to-use and are activated using touchscreen software. The machines are available to rent from £25 on a month-by-month basis. They come with no early termination fee. AIBMS also supply a range of portable card readers that have 3G, WiFi and Bluetooth. These can accept EMV, megastripe and contactless payment.  

Besides the credit card machines and card readers, AIBMS supply the ‘POGO’ payments app. This can turn your phone into a mobile payment device. This free App is available through First Data, and can be easily connected to an AIB Merchant Services Account.

Pros & Cons

There are a few AIB Merchant Services reviews available on independent websites, but none on their own site.  

AIB Merchant Services is supported by one of the biggest banks in Ireland. It has won a string of awards for product excellence. It’s transaction fees seem to be competitive. The extra business services provided could also add value to a smaller business.  

The company is also known to develop longer term relationships with business, and offer excellent support when go wrong. As part of a much bigger organisation, relationship managers can find other products and services for a growing business when necessary.

Our Verdict

AIB Merchant Services have provided an impressive mix of products and services to businesses over their long history. They have won the trust of both private and public organisations. They clearly represent value for money. More information is available on the AIB Merchant Services website.