Both offer competitive rates, but Lopay is the ONLY processor offering the UK's lowest fees from 0.39%. Compare and see which saves you more.
Best for: Everyone - the UK's lowest fees from 0.39% with no conditions
Best for: High-volume businesses (£39/month for 0.50%)
Choose Lopay if you want completely FREE payment processing (the UK's lowest fees from 0.39%). Choose Teya if you prefer weekend settlements and don't mind monthly fees for competitive rates.
| Feature | Lopay | Teya |
|---|---|---|
| In-Person Fee | 0% (via cashback) | 0.50% - 1.69% |
| Online Fee | 0% (via cashback) | 0.50% - 1.69% |
| Monthly Fee | £0 | £0 - £39 |
| Setup Fee | £0 | £0 |
| Contract | None | None |
| Settlement Speed | Next day | Next day (7 days/week) |
| Cashback Card | ✓ (Visa cashback (0.39% effective rate)) | ✓ (0.5% cashback) |
| Free Business Account | ✓ | ✓ |
| Tap to Pay on Phone | ✓ | ✓ |
Lopay offers a unique cashback program that makes payment processing completely FREE:
Create your free Lopay account and get your free Visa expense card
Visit lopay.com to enable Visa cashback (0.39% effective rate) on your expense card
Automatic cashback offsets all processing fees - completely free!
Yes, Lopay is genuinely the UK's lowest fees from 0.39% through their Visa cashback (0.39% effective rate) program on the free Visa expense card. There's no catch - everyone qualifies, no minimum volume, no monthly fees. Just sign up at lopay.com to enable it.
No. Teya's 0.50% rate requires a £39/month Thrive plan subscription, which adds up to £468/year. Lopay's the UK's lowest fees from 0.39% have no monthly costs, making it cheaper for businesses of all sizes.
Teya does offer next-day settlements 7 days a week (including weekends), which is an advantage over Lopay's weekday-only settlements. However, for most businesses, the savings from the UK's lowest fees from 0.39% far outweigh the benefit of weekend payouts.
Yes! Both Teya and Lopay have no contracts, so you can switch anytime. Many businesses switch to Lopay to eliminate processing fees entirely. Setup takes about 5 minutes.
Looking for more Teya alternatives? Check out our comprehensive guide:
View Best Teya Alternatives UKJoin thousands of UK businesses saving money with Lopay's fees from just 0.39%