Case Study: Lopay achieves faster payouts and lower transaction costs with Stripe

Lopay enables its users to keep more of their profits with Stripe Issuing

Lopay, a UK payment processing app for small businesses, wanted to help users keep more of their profits by reducing card processing fees and giving them faster access to payouts. To launch quickly and affordably, Lopay chose Stripe as its payments platform and used Stripe Connect, Instant Payouts, Payments, Terminal, Identity, and professional services to build a scalable app with low overhead.

With Stripe, Lopay launched its app in just five days and later added a Stripe Issuing-powered Visa rewards card in six days. The result: users gained instant payout access and card rewards that offset fees, while Lopay onboarded users in minutes or hours, cut transaction costs, and helped customers save £3 million in fees. Lopay also grew from zero to 30,000 users, processed £500 million in card payments, and became the UK’s top payment processing app.

Lopay

Oliver Mahoney

Co-founder And Chief Technology Officer