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Lopay vs Square Terminal: Which Payment Terminal is Best for Your UK Business?
Comprehensive comparison of pricing, fees, features, and real-world performance. Find out which terminal saves you more money.
Quick Comparison
See how Lopay and Square stack up across the most important factors for UK small businesses.
| Feature | Lopay Smart Biz | Square Terminal |
|---|---|---|
| Terminal Cost | FREE£5k+/month processing | £299One-time purchase |
| Transaction Fees | 0.79% flat | 2.6% + £0.15 |
| Monthly Fees | £0 | £0 |
| Connectivity | 4G + Wi-Fi | Wi-Fi only |
| Receipt Printer | ||
| Battery Life | All day | 8 hours |
| Customer Rating | 5.0 | 5.0 |
How Much Will You Save with Lopay?
Calculate your annual savings by switching from Square to Lopay.
Detailed Feature Comparison
✅ Pros
- FREE terminal (save £299) with £5k+/month processing
- Lower transaction fees (0.79% vs 2.6%)
- 4G connectivity (works anywhere)
- All-day battery life
- UK-based customer support
❌ Cons
- Requires £5k+/month for free terminal
- Smaller ecosystem than Square
✅ Pros
- No processing volume requirements
- Integrates with Square ecosystem
- Built-in receipt printer
- Large app marketplace
❌ Cons
- £299 upfront cost
- Higher transaction fees (2.6%)
- Wi-Fi only (no 4G)
- Shorter battery life (8 hours)
Our Recommendation
Choose Lopay if you process £5,000+ per month and want to save money on both terminal costs and transaction fees. The 4G connectivity makes it perfect for mobile businesses.
Choose Square if you process less than £5,000/month or need deep integration with Square's ecosystem of business tools.
Methodology: Fees and features verified against each provider's official UK pricing page as of March 2026. Trustpilot ratings sourced from Trustpilot.com. All providers are FCA authorised or operate under an authorised payment institution. This page contains affiliate links — see our affiliate disclosure for details.