Curated News
By: NewsRamp Editorial Staff
June 12, 2025
Lopay Disrupts Payment Processing with Low Fees & Instant Payouts for SMEs
TLDR
- Lopay offers small businesses a competitive edge with transaction fees as low as 0.79%, instant payouts, and the ability to offset fees to 0% using their free Expense & Rewards Card.
- Lopay leverages Stripe's payment rails to provide efficient, low-cost payment processing, enabling instant bank transfers and seamless integration with accounting software like QuickBooks and Xero.
- By reducing payment processing fees and offering instant payouts, Lopay empowers small businesses to thrive, contributing to a more equitable and prosperous economy for entrepreneurs.
- Lopay turns smartphones into payment terminals, revolutionizing how small businesses accept payments and manage cash flow in today's digital-first economy.
Impact - Why it Matters
This news matters because it highlights a significant shift in the payment processing industry, offering small and medium-sized enterprises (SMEs) a lifeline by reducing financial burdens and improving cash flow. In an era where small businesses are grappling with high operational costs, Lopay's innovative solutions provide a much-needed relief, enabling them to thrive rather than just survive. The platform's expansion into the U.S. market introduces competitive alternatives to traditional payment processors, empowering entrepreneurs with more control over their finances and fostering a more inclusive economic environment.
Summary
Richard Carter, co-founder and CEO of Lopay, has revolutionized the payment processing industry by addressing the high fees and delayed payouts that small businesses face. With a background in Economics and Management and previous experience with Orderpay during the COVID-19 pandemic, Carter identified the financial strain on small businesses, leading to the creation of Lopay. This UK-based platform offers instant payouts and significantly lower transaction rates, benefiting over 50,000 businesses. Lopay's expansion into the U.S. market introduces competitive rates starting at 1.99%, leveraging partnerships with Stripe to ensure reliability and efficiency. The platform's unique features, including the free Expense & Rewards Card, allow businesses to offset processing fees to 0%, providing a net-free payment processing solution. Carter's vision for Lopay emphasizes empowering small businesses with control over their cash flow, innovative payment solutions like tap-to-pay, and a customer-first philosophy that has driven the company's growth through referrals and a lean approach.
Lopay's impact extends beyond cost savings, offering tools for expense management, loyalty programs, and instant access to funds, which are crucial for businesses navigating the challenges of inflation and tariffs. The platform's differentiation from giants like Square and Zettle lies in its mission to increase the GDP of small businesses by ensuring they keep more of their earnings. With plans to introduce new features and expand its services, Lopay is set to further disrupt the payment processing industry, making it an essential tool for the new wave of entrepreneurs in the U.S. and beyond.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Lopay Disrupts Payment Processing with Low Fees & Instant Payouts for SMEs
