Challenger payment app, lopay, is launched onto the UK market with ground-breaking transaction rates that will shake up the industry.
lopay is the new instant payment app released in the UK this December. Designed to give merchants greater control over the money they earn, the app gives them the freedom to choose when they get paid and the rate they pay – weekly (0.79%), next day (0.99%) or instantly (1.79%).
Currently, small business owners and operators have little say over the transaction rates they have to pay. The developers of lopay are challenging this outdated system by giving merchants the flexibility to choose their own payment terms – and at any time.
‘We knew the time was right to break the stranglehold the big three had over this sector. And that’s what we’re doing. The ethos behind lopay is simple: everyone should have more control over the money they earn and access the rates they deserve.’
Richard Carter, CEO, lopay