Regular Payments in 20 minutes with GoCardless

http://blog.gocardless.com/post/15733539109/implement-gocardless-in-20-minutes

by hcm • 15 years ago

43 14 15 years ago

blog.gocardless.com

jamesmoss2• 15 years ago

This looks like the first UK alternative to Stripe however it appears you can't accept cards from outside of the UK:

Can I charge non-UK customers? You can charge anyone with a UK bank account. Very soon you will be able to charge anyone with an EU bank account.

Source: https://gocardless.com/faq

bravolima• 15 years ago

given the 1% transaction fee I'm guessing they don't accept credit cards at all - payments are exclusively through bank transfers. Can anyone from gocardless confirm is this is correct? If so, I think the site could be a little clearer.

In any case, this looks like a useful service with or without card processing, and the more "instant" payment alternatives there are to paypal, the better. Also +1 for some innovation on this side of the pond.

jamesmoss2• 15 years ago

If that's the case then they definitely need to make things clearer. There's only one mention of it on their homepage and nothing in the FAQ.

tomblomfield3• 15 years ago

Tom from GoCardless here.

We currently accept UK bank-to-bank payments - customers enter their account number and sort code on the checkout page. We'll work on making this clearer on our landing page - thanks for the feedback. We'll be rolling out across Europe in the next few months.

GoCardless is particularly good for subscriptions & regular variable payments, as we're based on the UK direct debit network.

edlea• 15 years ago

Looks more like a UK alternative to Dwolla (https://www.dwolla.com/)

estel2• 15 years ago

I've always liked the idea of GoCardless, and we've been seriously considering implementing it on an upcoming service, but our main concern has always been that clients will be far less likely to want to set up a direct debit than they will do a one-off payment on a card.

People are really used to buying stuff with a card online, but a direct debit? Not so much. Does anyone have any figures on how GoCardless affects conversion rates?

(I'm aware that it would always be possible to have GoCardless as an option, but that would have its own impact on conversion rates).

tomblomfield3• 15 years ago

I think if you're talking about one-off, it's a fair point. With regular payments, UK consumers are much more comfortable setting up direct debits. Just under 80% of UK adults currently have at least 1 active direct debit set up, for example.

estel2• 15 years ago

Sure, most people have active direct debits set up, but isn't the number of those are set up solely through the internet somewhat smaller? Furthermore, most people seem to associate direct debits with a certain class of business, usually utility companies. In my experience, it just isn't common for someone to set up and manage a direct debit online.

So yes, whilst one-off payments are significantly larger, I'd still be wary of a reduced conversion rate through GoCardless. Of course, if I had a very narrow margin, your incredible rates might easily redeem the difference in revenue, but without hard numbers it's difficult to make a business decision.

accountoftheday• 15 years ago

a much better name than the previous groupay (this appears to be the same company).

ViktorasJucikas• 15 years ago

Great to see Matt & team starting a blog, can't wait to integrate GoCardless into our upcoming mobile app.

MattRob• 15 years ago

Thanks Viktoras! Just drop us an email at help@gocardless.com if we can do anything to help

Regular Payments in 20 minutes with GoCardless

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