What if the money you're already spending to run your business could actually reduce what you pay to get paid?
Card processing fees are one of those business costs that are easy to accept as unavoidable.
Every time a customer pays by card, a small percentage of the sale goes to your payment provider. And over the course of a year, those small amounts can add up to thousands of pounds.
But what if the money you're already spending to run your business could actually reduce what you pay to get paid?
That's exactly what the Lopay Expense & Rewards Card is designed to do.
The hack? Turn everyday business expenses into lower card fees.
Think about how much money your business spends every month.
Stock, supplies, fuel, equipment, materials, maintenance. The list goes on.
These are costs you already have to cover to keep your business running.
But by paying for them using your free Lopay Expense & Rewards Card, you can earn rewards that reduce the fees you pay when customers spend money with you.
On Lopay's Standard account, every £100 you spend using your card earns you £50 of fee-free card processing.
That means the more eligible business spending you put through your Lopay card, the more of your customer payments you can process without fees.
No complicated loyalty schemes. No spending more than you normally would.
Just making better use of the money your business is already spending.
What could you save?
Let's imagine you run a busy independent café, restaurant or retail business.
Your business takes £30,000 a month in customer card payments.
You also have £22,000 in monthly business expenditure, covering things like:
- £14,000 on stock and supplies from your wholesaler
- £2,000 on fuel and transport
- £6,000 on other business purchases and operating costs
These are illustrative figures, but for plenty of businesses, spending on stock and supplies represents a significant proportion of revenue.
Now imagine you put that £22,000 of eligible spending through your Lopay Expense & Rewards Card.
With the Standard account, you'd earn fee-free processing equivalent to 50% of your card spending.
That's £11,000 of customer transactions processed without fees.
Here's how the numbers work out.
Your monthly card processing costs
That's a saving of £108.90 every month, simply by using your Lopay card for business purchases you were making anyway.
Over a full year, that's £1,306.80 saved.
And your effective payment processing rate falls from 0.99% to just 0.63%.
That's more than a third off your card processing costs.
Think about that for a moment.
Your business hasn't had to increase its sales.
You haven't had to negotiate a better deal with suppliers or cut back on anything.
You've simply changed how you pay for your regular business expenses.
And in return, you've reduced your card processing fees by nearly 37%.
For businesses operating on tight margins, that could make a meaningful difference to the bottom line.
Your business spending could be working harder.
One of the biggest advantages of using your Lopay Expense & Rewards Card is that it makes money you're already spending work a little harder for your business.
Instead of paying suppliers using a separate bank card, you can use your available Lopay balance through your free virtual card.
You can also add the card to your mobile wallet, making it easy to use for everyday purchases.
And because your earnings are available to spend through the card without waiting for a scheduled bank payout, it can help you manage everyday business expenses too.
The more eligible purchases you make with your card, the more processing rewards you can earn.
Small changes. Bigger savings.
In our first Lopay Hack, we showed how choosing weekly rather than next-day payouts could reduce your basic processing fees by around 20%.
This time, we've shown how something as simple as changing the card you use for everyday business expenses could reduce them by more than a third.
And the good news is that these aren't complicated changes.
They're small decisions that could make a real difference to how much of your hard-earned money stays in your business.
Spend on your business. Reduce the cost of getting paid.
Illustrative example based on Lopay's UK Standard account at 0.99%, with eligible UK consumer Visa and Mastercard transactions and 50% fee-free processing rewards on qualifying card spend. Excludes optional service fees and premium-card surcharges. Actual savings depend on card usage, eligibility, transaction mix and applicable terms.
