Payment Processing Cost Reduction
- Diagnosis
The constraint
An ecommerce retailer was losing a significant percentage of revenue to payment processing and invoice platform fees. Web Lifter redesigned the entire sales and payment workflow, replacing Stripe and Paycove with a direct Westpac PayWay integration and a custom-built invoicing platform. The new architecture reduced transaction costs, streamlined operations, and delivered immediate profit improvements without requiring any increase in sales volume.
- Strategy
The goal
Reduce payment processing costs and eliminate unnecessary transaction fees by redesigning the ecommerce checkout and invoicing workflow while maintaining a seamless customer experience.
- Delivery
The work
- Reviewed the existing payment stack and identified opportunities to reduce transaction costs without impacting operational efficiency.
- Designed and implemented a direct integration with Westpac PayWay, replacing Stripe as the primary payment processor.
- Built a bespoke invoicing solution tailored to the client's business requirements, removing the need for third-party invoice processing services.
- Redesigned the end-to-end payment and invoicing process to reduce complexity, improve reliability, and minimise operational overhead.
- Measurement
The measured result
The project reduced transaction costs from 1.7% + $0.30 charged by Stripe plus an additional 1% charged by Paycove, down to a flat 1% through Westpac PayWay.
This reduction generated tens of thousands of dollars in annual savings, directly improving profitability without requiring additional marketing spend, price increases, or sales growth. The business now retains substantially more revenue from every transaction while operating on a simpler and more efficient payment infrastructure.
63%Transaction Fee Reduction
Drawn from the published case study. The full write-up explains how each number was produced. Read the full case study