10 Tips to Reduce Payment Processing Costs in 2025

Payment processing costs can eat into your profits. But with the right strategies, you can significantly reduce these costs and keep more of your hard-earned revenue. Here are 10 proven tips to reduce your payment processing costs.

1. Switch to Zero-Fee Processing

The Problem: Traditional processors charge 2.5-3.5% per transaction plus monthly fees.

The Solution: Use BriizPay's zero-fee processing model.

Savings: For a business processing £50,000/month:

• Traditional: £1,250-£1,750/month in fees
• BriizPay: £24.99-£49.99/month
• Annual savings: £14,400-£20,400

Action: Switch to BriizPay and eliminate transaction fees.

2. Eliminate Equipment Costs

The Problem: Card readers and payment terminals cost £200-£1,000+.

The Solution: Use your existing phone or QR code stickers.

Savings:

• No upfront equipment costs
• No monthly rental fees
• No maintenance or repair costs

Action: Use BriizPay's mobile app or QR code stickers instead of expensive equipment.

3. Negotiate Better Rates

The Problem: Many businesses accept default rates without negotiating.

The Solution: Negotiate with your processor or switch to a better option.

Tips:

• Compare multiple processors
• Use competitor quotes as leverage
• Consider switching if rates are too high
• Look for volume discounts

Action: Review your current rates and negotiate or switch.

4. Avoid Setup and Monthly Fees

The Problem: Many processors charge setup fees (£50-£500) and high monthly fees.

The Solution: Choose processors with no setup fees and low monthly costs.

Savings:

• Setup fees: £50-£500 saved
• Monthly fees: £20-£100/month saved

Action: Choose BriizPay with zero setup fees and transparent monthly pricing.

5. Optimize Payment Methods

The Problem: Some payment methods cost more than others.

The Solution: Encourage lower-cost payment methods.

Tips:

• Prefer bank transfers (0% fees with BriizPay)
• Use QR codes instead of card readers
• Accept contactless payments
• Avoid high-risk payment methods

Action: Analyze your payment mix and optimize for lower costs.

6. Reduce Chargebacks and Disputes

The Problem: Chargebacks cost £15-£25 each plus potential fines.

The Solution: Implement better fraud prevention and customer service.

Tips:

• Use bank-direct processing (reduces fraud)
• Provide clear product descriptions
• Offer easy refunds
• Communicate clearly with customers
• Keep detailed transaction records

Action: Review your chargeback rate and implement prevention strategies.

7. Batch Process Efficiently

The Problem: Processing payments individually can increase costs.

The Solution: Use efficient batch processing or instant settlements.

Tips:

• Use instant settlements (no batching needed)
• Process payments in optimal batches
• Avoid unnecessary processing delays

Action: Use BriizPay's instant settlements to eliminate batching delays.

8. Monitor and Audit Fees Regularly

The Problem: Hidden fees and rate increases go unnoticed.

The Solution: Regularly review your payment processing statements.

Tips:

• Review statements monthly
• Look for hidden fees
• Track rate changes
• Compare with competitors
• Question unexpected charges

Action: Set up monthly fee reviews and track changes.

9. Use Payment Links for Online Sales

The Problem: Online payment gateways often have higher fees.

The Solution: Use payment links instead of complex gateways.

Benefits:

• Lower fees (0% with BriizPay)
• Easier setup
• Better customer experience
• Instant settlements

Action: Replace expensive payment gateways with BriizPay payment links.

10. Take Advantage of Early Payment Discounts

The Problem: Slow settlements prevent taking advantage of supplier discounts.

The Solution: Use instant settlements to pay suppliers early.

Benefits:

• Access to early payment discounts (often 2-5%)
• Better supplier relationships
• Improved cash flow
• Reduced costs

Action: Use BriizPay's instant settlements to take advantage of early payment discounts.

Quick Cost Reduction Checklist

• Switch to zero-fee processing (BriizPay)
• Eliminate equipment costs (use phone/QR codes)
• Remove setup fees (choose BriizPay)
• Reduce monthly fees (compare options)
• Optimize payment methods (prefer bank transfers)
• Reduce chargebacks (improve service)
• Use instant settlements (BriizPay)
• Monitor fees regularly (monthly reviews)
• Use payment links (online sales)
• Take early payment discounts (instant settlements)

Calculating Your Potential Savings

Current Monthly Processing: £__________

Current Fees:

• Transaction fees (2.5-3.5%): £__________
• Monthly fees: £__________
• Equipment costs: £__________
• Total monthly cost: £__________

With BriizPay:

• Transaction fees (0%): £0
• Monthly fee: £24.99-£49.99
• Equipment costs: £0
• Total monthly cost: £24.99-£49.99

Monthly savings: £__________ Annual savings: £__________

Getting Started

Ready to reduce your payment processing costs?

1. Calculate your current costs: Review your payment processing statements
2. Compare with BriizPay: See potential savings
3. Make the switch: Sign up for BriizPay
4. Start saving: Begin accepting zero-fee payments

Conclusion

Reducing payment processing costs doesn't have to be complicated. By switching to zero-fee processing, eliminating equipment costs, and optimizing your payment methods, you can save thousands annually. The key is choosing the right payment solution and implementing these cost-saving strategies.

Start reducing your payment costs today with BriizPay's zero-fee processing.

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Related Articles:

• How to Reduce Payment Processing Fees and Save Your Business Money
• Small Business Payment Solutions: A Complete Guide