Teya vs Dojo for UK card machines

Teya

B

Teya is a London-headquartered payments and business-banking company founded in 2019 as SaltPay by Ali Mazanderani and Eduardo Pontes, renamed in April 2023, and backed by investors including Tiger Global, Ribbit Capital and Michael Spencer — total funding is reported at about $845 million by data providers and $1.1 billion by The Business of Payments. It grew by acquisition — Iceland's Borgun in 2020, the UK's RMS Group in 2022 and the Czech ePOS company Storyous among them — and now sells to small businesses in nine European markets, the UK, Croatia, Czechia, Hungary, Iceland, Italy, Portugal, Slovakia and Spain, with Spain and Italy launched commercially in February 2026. In the UK the offer is a Teya Pro or Teya Lite card machine from £14.99 a month with a lifetime warranty, Tap to Pay on iPhone and Android, online payments, and a free e-money Business Account that card takings settle into next working day as standard, every day including weekends and bank holidays as an option, or in seconds with Instant Settlements. Rates are quoted rather than published — the pricing page says there is no standard price list, the card-machine page says fees start at 1.59% — and using an outside bank account instead of Teya's adds 0.10% to every transaction. Teya Solutions Ltd is an electronic money institution authorised by the Financial Conduct Authority (reference 978181), so the account is safeguarded rather than FSCS-protected. Its UK Trustpilot profile is 4.4 from about 1,500 reviews, 82% five-star and 15% one-star, and the one-star reviews are about held funds and unreturned calls.

Dojo

B

Dojo is the trading name of Paymentsense Limited, a London company incorporated in 2008 that grew into one of the UK's largest card-terminal resellers before rebuilding itself, from 2020, as a cloud-native acquirer under the Dojo brand. It now holds its own acquiring licence rather than reselling Fiserv's, and by its own filings handled £46.2bn of card volume for roughly 146,000 merchant locations in the year to March 2025 — a share it puts at 12.5% of UK small-business card-present acquiring. The pitch is simple: a fast card machine, money in your account the next day including weekends and bank holidays, integration with more than 450 EPOS systems, and a UK phone line. For businesses turning over less than £100,000 a year on cards there is a published Fix plan at £39.99 a month covering the first £3,999 of monthly card turnover, with 1% above that. Everyone larger gets a quote. Independent satisfaction is strong — 4.2 on Trustpilot from 5,612 reviews, 88% of them five-star — and the company is FCA-authorised. Against that sit a 12-month minimum term with the remaining terminal fees payable if you leave early, custom pricing that cannot be benchmarked, a fee schedule with £28 chargebacks and a £15-a-month PCI non-compliance charge, and a balance sheet carrying £649m of net debt at a 14% effective interest rate.