GoCardless
PAIDDirect bank payment collection platform
► Reduce payment costs on recurring billing with bank-to-bank direct debits
Product Details
■ INTELLIGENCE BRIEFING — Weekly tool drops. No spam.
PROS & CONS
STRENGTHS
- Bank-to-bank payments cost a fraction of card processing fees for recurring transactions
- Automatic retries and payment intelligence recover failed payments without customer friction
- Strong in SEPA and UK Direct Debit markets with local expertise and bank relationships
WEAKNESSES
- −Settlement times are slower than card payments, typically taking 3-5 business days
- −Customer experience for mandate setup is less familiar than entering card details
KEY FEATURES
Direct Debit
Collect recurring payments directly from bank accounts in 30+ countries
Success+
Intelligent retry system that optimizes timing and routing for failed payments
Instant Bank Pay
One-off bank transfers with instant confirmation using open banking rails
Verified Mandates
Instant verification of bank account ownership to reduce failed payments
WHO IS GoCardless BEST FOR?
Subscription Businesses
Reduce payment costs on recurring billing with bank-to-bank direct debits
B2B and Invoicing
Collect invoice payments with lower fees than card processing for high-value transactions
INTEGRATIONS
TECHNICAL DETAILS
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