Monek was founded in 1998 as a company that processed online card payments. Today, Monek powers payments for thousands of businesses, from start-ups to international groups. To date, Monek has processed over 60 billion transactions. Monek Credit Card Processing & Payment Services
Monek has a range of payment solutions for accepting payments over the phone, online, via invoice or in person. Monek accepts a range of over 30 global payments types in multiple currencies, including:
- American Express
- Apple Pay
- Android Pay
- Diners Club International
Monek Pricing & Fees
Monek doesn’t list any of its pricing and fees on the company website. These must be obtained directly from the Monek.
To see that that compares have a look at: 2019 UK Merchant Account and Credit Card Processing Fee Comparison.
- Monek Dynamic Fraud Protection
- A single API to reduce technical work
- A single commercial agreement
- An intuitive administration portal
- Simplified reconciliation and account management
- One payment report/file
- One contact with no tie-in
- Face to face payments
- Contactless payments
- Online payments
- Telephone payments
- Hosted payment pages
- One click check-out helping prevent abandoned trolleys
- Wide range of contactless terminals
Monek was founded in 1998 and has its head office in Lichfield, Staffordshire, from where its team of experts work to provide easy payment solutions for their merchants. The company grew up with the internet and now 90% of their work is online.
Monek believes in the ‘Power of Simplicity’. It offers a single, full-service payment solution, allowing customers to make payments anywhere and any time, thus allowing merchants to increase their income. Merchants can decide which payment types and channels they wish to use. They can also decide how, where and when they wish to accept customer payments. Monek’s solutions also include the ability to integrate payments system with warehousing and distribution systems.
Monek has an experienced management team, headed by their CEO, Miles Carroll, who has worked for the Rothchild banking group and IBM. More recently his work has been in fraud and payments. Before joining Monek, Mr. Miles was MD of an issuer of cards. The Managing Director of Monek is multilingual Pierick Coustumer, who has worked for acquirers and PSP’s and, most recently, was Head of Global Payments for PokerStars.
Tanya Parker is Monek’s Operations Director with over 20 years’ experience in IT. Her most recent post was as IT director at Jessops Europe Ltd. The company’s Chief Commercial Officer, Bill Mooney, has a wealth of experience in sales and marketing.
Monek Pros & Cons
Unfortunately, there are no online reviews for Monek, not even on the company website. This suggests that Monek’s business clients are happy with the product that the company provides.