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The Santander Group is considered to be the Eurozone’s biggest banking group in terms of market value. It has many acquisitions to its name and has considerably expanded its operations all across Latin America, Europe, North America and Asia.

Santander covers an array of financial services for both private users and businesses. It has partnered with Elavon to implement state-of-the-art technology in providing its customers fast and reliable merchant services.


  1. Santander Background
  2. Santander Merchant Services
  3. Santander Fees
  4. Santander Summary

Santander Background

Santander was founded in northern Spain in 1857. Over the years it has expanded to merge with and acquire other banks in Europe. The Santander Group entered the UK in 2004 by first acquiring Abbey National plc. Four years later it bought Bradford and Bingley’s retail branches and savings business, followed by Alliance & Leicester. All three UK bank acquisitions have now been rebranded as Santander.

Santander Merchant Account: What’s on Offer

In 2009, Santander joined forces with American global payments provider Elavon in a bid to become one of the leading acquirers in the UK. Elavon has over a million merchant account holders and actively processes over a billion card payments and transactions each year.

Merchant services from Santander-Elavon are geared towards SMEs and large businesses alike, and can be tailored to each client’s specific needs.

1. Small businesses

Santander-Elavon merchant services for small businesses cover all kinds of transactions—face to face, mobile, over the phone or mail order, and online. Clients have online access to reporting tools that will help them manage card payments, whichever channel they use.

2. Enterprise

Aimed at medium to large businesses aiming to make a mark on the international market, this service provides a global e-commerce platform, fraud protection and security management, end-to-end processing solutions and design and delivery services.

3. Market solutions

Santander-Elavon also provides industry-specific payment processing solutions. Its clients include airlines, restaurants, retailers, hotels and educational and public institutions.

Among the services provided by Santander-Elavon are:

  • Front-end authorisations
  • Back-end settlements
  • All-in-one service package for multi-channel merchants (those who do face to face, over-the-phone or by mail order, online and mobile card transactions)
  • Acceptance of all major credit cards
  • Fraud management and secure payment processing
  • Dynamic currency conversion

Santander Price Structure

Prices vary according to the services signed up for, so it’s best to speak to a Santander-Elavon sales specialist to discuss your business needs.

Santander Merchant Services Summary

Santander merchant account holders are guaranteed quick access to payments as funds are directly credited into their Santander business accounts.

Payment options are flexible and merchants are given access to online reporting and monitoring tools to help them keep track of transactions and cash flow.

Santander-Elavon provides extensive technical support to merchant account holders and has a 24-hour help desk to assist them if they encounter any difficulties.

Disclaimer: All data quoted in this article are true at the time of publication.