Want to pay less to accept card payments? The trick might be changing when you get paid.
Every business owner wants to keep costs down. Whether you're running a café, salon, shop or taxi, the less you spend accepting payments, the more money you keep.
But here's something many business owners overlook: you could be paying extra just to have your earnings transferred to your bank sooner.
And if you don't actually need your money in your bank account every day, there's a simple way to save.
The hack? Get paid weekly, pay less.
With Lopay, you can choose how quickly your card takings are paid into your bank account.
Choose our Essential account, with free weekly payouts every Thursday, and you'll pay just 0.79% per transaction on standard UK consumer card payments.
Prefer next-day bank payouts? Our Standard account costs 0.99%.
That means choosing weekly rather than next-day payouts could cut your basic transaction fees by around 20%.
And those savings add up.
What could you save?
Imagine you're running a busy café, salon or retail business taking £30,000 a month in card payments.
Lopay payout fee comparison
That's £720 a year saved simply by choosing weekly payouts.
Same business. Same customers. Same £30,000 in sales. Just a smarter way to manage when your money reaches your bank.
But what if you need your money before Thursday?
Here's where it gets even better.
With Lopay, your earnings are available to spend using your free Lopay Expense & Rewards Card, even if you've chosen weekly bank payouts.
So if you need to buy stock, fill up your vehicle or pay for supplies, you don't necessarily have to wait until your next bank payout.
You can spend your available Lopay balance using your card, including at weekends.
And here's another bonus: using your Lopay card can earn rewards that reduce the fees you pay on future customer transactions.
Lower fees on the money coming in. More ways to save when money goes out.
Is weekly payout right for your business?
If you need your takings paid into your bank every day to cover direct debits, wages or other commitments, next-day payouts might be worth paying a little extra for.
But if you have enough working capital to comfortably operate between weekly payouts, why pay more than you need to?
The decision is yours. And with Lopay, you can change your account plan in the app if your circumstances change.
Small change. Real savings.
Reducing business costs doesn't always require complicated negotiations or cutting corners.
Sometimes, it's simply about making smarter choices.
With Lopay, choosing weekly bank payouts could mean hundreds of pounds a year staying in your business rather than disappearing into payment processing fees.
Ready to give your card fees a haircut?
Explore Lopay's payment plans and see how much you could save.
Illustrative savings assume £30,000 of eligible standard UK consumer Visa and Mastercard payments each month, with no optional service charges or premium-card surcharges. Actual fees and savings depend on transaction mix and payment methods.
