How Lopay Helps UK Taxi Drivers Keep More of Their Hard-Earned Fares
The weekend cash flow trap
A lot of payment providers charge a heavy fee, add sneaky monthly terminal rentals, and hold your weekend cash hostage until Tuesday.
We don't do any of that. At Lopay, we believe you shouldn't have to wait for your own money. Our instant payouts mean you can clear a Friday night fare and have the cash sitting in your bank account before you've even pulled away from the kerb.
Tools built for life on the rank
When it comes to hardware, you choose exactly what your business needs: the pocket-sized WisePad, the standalone 4G S710 so you don't drain your phone battery, or the heavy-duty V660 with an integrated printer for corporate receipts.
If your spill your drink on your card reader mid-shift? Just use Tap to Pay on your phone as an instant, free backup. And if you're taking upfront deposits for long airport runs, you can shoot over a Remote Payment Link before you even turn the key in the ignition.
Zero fees and easy financing
Every driver groans at their mandatory overheads: diesel, replacement tyres, insurance premiums. But what if those expenses could actually pay for your card processing?
When you use the Lopay Zero spend card to pay for your cab's upkeep, you earn processing credits that actively wipe out your card fees entirely. That £100 fuel bill isn't just a loss anymore; it guarantees you pay zero percent on your next batch of card fares.
Plus, because your card data is consistent on the Lopay app, we can help you bypass the brutal 22% bank funding rejection rate the transport trade usually faces. We offer embedded cash advances that flex as a small percentage of your daily fares to help you expand your fleet or handle unexpected repairs.
What it looks like in practice
Mark works the busy weekend ranks. He used to stress about having enough operating float for Sunday diesel because his old legacy provider locked his Friday night money up all weekend.
Now, he ends a £60 airport drop-off by handing the passenger his standalone 4G S710 reader. The payment clears instantly. He taps the cash-out button on his Lopay app, and five seconds later, the money is in his account. He pays for his diesel on the way home using his Lopay Zero card, earning credits that make his already-low 0.79% transaction fee effectively zero. No monthly subscription on top. No contract. He keeps exactly what he earns.
Frequently Asked Questions
Do I have to sign a long contract for the card readers?
No. You buy the hardware outright for a low, one-off cost. There are no monthly rental fees and no sneaky penalty clauses.
How exactly does the 5-second cash-out work on a weekend?
We use Faster Payments. The moment you tap "withdraw" in the app, the money lands in your account instantly. It doesn't matter if it's 2:00 AM on a Sunday or a Bank Holiday.
Can I really get my processing fees down to zero?
Yes, you genuinely can. Route your everyday business expenses (like fuel and maintenance) through the Lopay Zero card, and the rewards directly offset your 0.79% transaction fees.
What happens if I cross into a dead zone without mobile signal?
If your terminal loses signal, you can instantly switch to the free Tap to Pay feature on your mobile phone. We always make sure you have a backup route to clear the fare.
Ready to sort your payments out?
Download the Lopay app, register your cab, and order your reader in-app. It takes a few minutes, and you can start taking payments on your phone before your hardware even arrives!
