How to Reduce Payment Processing Fees and Save Your Business Money

Payment processing fees are one of the biggest hidden costs for businesses today. Whether you're running a small retail shop or a growing e-commerce platform, these fees can significantly impact your bottom line. Traditional payment processors typically charge 2.5% to 3.5% per transaction, plus additional monthly fees and setup costs.

The True Cost of Payment Processing

Many business owners don't realize the full extent of payment processing costs until they sit down and calculate them. Here's what you're typically paying with traditional processors:

• Transaction fees: 2.5% - 3.5% per transaction
• Monthly fees: $20 - $100+ per month
• Setup fees: $50 - $500+ one-time
• Equipment costs: $200 - $1,000+ for card readers
• Chargeback fees: $15 - $25 per dispute

For a business processing $50,000 per month, this could mean paying $1,250 - $1,750 in transaction fees alone, plus monthly and setup costs. That's a significant portion of your revenue going to payment processing.

Why Traditional Processors Charge So Much

Traditional payment processors have high overhead costs that they pass on to merchants:

1. Multiple intermediaries: Each transaction goes through several parties (merchant account provider, payment gateway, card networks), each taking a cut
2. Legacy infrastructure: Older systems require more maintenance and support
3. High-risk pricing: Processors charge more to cover potential fraud and chargebacks
4. Profit margins: Large processors need to maintain high profit margins for shareholders

How BriizPay Eliminates These Costs

BriizPay was built from the ground up to eliminate unnecessary fees and pass savings directly to merchants:

Zero Transaction Fees

With BriizPay's Starter plan, you pay 0% transaction fees. That's right—zero. For a business processing $50,000 per month, this means saving $1,250 - $1,750 compared to traditional processors.

Transparent Pricing

No hidden fees, no surprise charges. Our pricing is straightforward:

• Starter Plan: £24.99/month, 0% transaction fees, unlimited transactions
• Growth Plan: £49.99/month, 0% transaction fees, unlimited transactions, accept tips
• Enterprise Plan: Custom pricing for high-volume merchants

No Setup Fees

Unlike traditional processors that charge hundreds of dollars upfront, BriizPay has zero setup fees. Most businesses are ready to start accepting payments in under 5 minutes—no waiting, no delays.

No Equipment Costs

Turn your phone into a payment terminal or simply display a QR code sticker. No need to purchase expensive card readers, terminals, or payment machines. Your customers scan the QR code with their phone, which opens their banking app to approve the transaction—no tapping, no NFC required.

Real-World Savings Examples

Let's look at how much businesses can save by switching to BriizPay:

Small Retail Shop

• Monthly volume: £10,000
• Traditional fees: £250 - £350/month (2.5% - 3.5%)
• BriizPay cost: £24.99/month
• Monthly savings: £225 - £325
• Annual savings: £2,700 - £3,900

Growing E-commerce Business

• Monthly volume: £50,000
• Traditional fees: £1,250 - £1,750/month
• BriizPay cost: £49.99/month
• Monthly savings: £1,200 - £1,700
• Annual savings: £14,400 - £20,400

High-Volume Enterprise

• Monthly volume: £200,000
• Traditional fees: £5,000 - £7,000/month
• BriizPay cost: Custom pricing (typically 50-70% less)
• Monthly savings: £2,500 - £4,000+
• Annual savings: £30,000 - £48,000+

Additional Benefits Beyond Cost Savings

While cost savings are significant, BriizPay offers additional advantages:

Instant Settlements

Get your money faster with near-instant settlements. Traditional processors can take 2-3 business days to deposit funds, impacting your cash flow.

Digital Receipts

Automatically send digital receipts to customers, reducing paper waste and improving customer experience. This also helps with record-keeping and reduces the need for physical receipt storage.

Enhanced Security

PCI DSS compliant infrastructure ensures your customers' payment data is always secure. Our advanced fraud detection helps reduce chargebacks and fraudulent transactions.

Easy Integration

Set up BriizPay in minutes, not weeks. Most businesses are ready to start accepting payments in under 5 minutes. Generate payment links or QR codes instantly—no complex integration required. Use our mobile app or web dashboard to create payment links that customers can pay through their banking app.

Pay by Link

Request payment by sending a link that takes customers directly to their banking app. No need to share account details every time—just send the link via email, SMS, or display a QR code. Payment links are valid for 30 minutes (Starter) or 30 days (Growth/Enterprise).

Accept Tips

With BriizPay's Growth plan, you can enable customers to tip you or your workers for any transaction. Perfect for service businesses, restaurants, and hospitality—increase your revenue while providing customers with an easy way to show appreciation.

Reduced Fraud

Fraud and chargebacks are reduced to near zero because the customer's bank processes all transactions directly. This means better security for you and your customers, with fewer disputes and chargeback fees.

Making the Switch

Switching to BriizPay is straightforward:

1. Sign up: Create your account in minutes—no setup fees, no waiting
2. Choose your plan: Select the Starter, Growth, or Enterprise plan that fits your business needs
3. Start accepting payments: Generate payment links or QR codes instantly. Use your phone as a payment terminal or place a QR code sticker anywhere
4. Track your savings: Monitor your reduced costs in real-time and see exactly how much you're saving compared to traditional processors

Conclusion

Payment processing fees don't have to be a necessary evil. With BriizPay, you can eliminate transaction fees, reduce monthly costs, and keep more of your hard-earned revenue. The savings can be reinvested in your business—whether that's hiring new staff, expanding your product line, or improving customer experience.

Ready to start saving? Get started with BriizPay today and see how much you could save with our savings calculator.

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Related Articles:

• Digital Receipts: The Future of Sustainable Business
• Payment Security and PCI Compliance: What Every Business Needs to Know