How to Save Money on Payment Processing
Discover proven strategies to reduce your payment processing costs by up to 50%. Most businesses overpay for card processing — here's how to stop leaving money on the table.
Calculate Your Potential Savings
See how much you could save by switching to Monek
4 Ways to Reduce Payment Costs
Implement these strategies to maximise your savings
Switch to Monek's Low Rates
From 0.375% + 1p per transaction — significantly lower than industry average.
Learn MoreReduce Chargeback Fees
Implement our fraud prevention tools to minimise costly chargebacks and disputes.
Learn MoreEliminate Hidden Fees
No setup fees, monthly minimums, or PCI compliance charges. Just transparent pricing.
Learn MoreOptimise Settlement Times
Next-day settlement improves cash flow and reduces the need for expensive credit.
Learn MoreEliminate Hidden Fees
Compare typical industry fees vs. Monek's transparent pricing
| Fee Type | Typical Competitor | Monek |
|---|---|---|
| PCI Compliance | £10–£700/month | Included |
| Monthly Account Fee | £15–£30/month | £0 |
| Setup/Onboarding | £100–£300 | £0 |
| Statement Fee | £10–£25/month | £0 |
| Chargeback Fee | £25–£40 | £0 |
| Early Termination | £100–£500 | £0 |
Quick Cost-Cutting Tips
Implement these today for immediate savings
Encourage card payments over cash — they're faster to process and easier to reconcile.
Contactless transactions are processed at the same low rate but improve customer experience.
Ensure transactions are properly classified to capture all eligible lower interchange rates.
Where legal, pass payment processing costs to customers (both present and non-present disclosure).
Submit batches before cut-off time to avoid downgrades and qualify for best rates.
Review monthly statements to identify unusual fees or rate changes immediately.
Real Customer Savings
See how much businesses like yours are saving with Monek
Ready to Start Saving?
Join thousands of UK businesses who've switched to Monek and saved on average £15,000 per year. Get a custom quote in minutes.