GoCardless is one of the companies out of the United Kingdom which is looking to offer one-stop-shop in the global markets for businesses who are willing to let their customers pay via recurring bank payments which are basically called instalments. As a part of its efforts outside of London, GoCardless has launched its first debit solutions in the US.
Apart from launching its debit solution in the US, GoCardless has also opened their first office in San Francisco and the head of this office is known to be Andrew Gilboy who is general manager, North America. It is known that Andrew was previously the chief revenue officer for the company.
GoCardless is known to support debit payments solution on ACH or Automated Clearing House network too. Now, we can think of GoCardless’s debit payments solution as an alternative to the credit cards which also let you pay recurring payments. However, the businesses can now offer US consumers the option to pay by recurring monthly payments with the help of GoCardless from now on. Not only consumers, but you can also even use GoCardless to pay recurring payments for SaaS subscriptions, invoices or instalments like you would do with a credit card.
GoCardless says that “By using the ACH debit network on the GoCardless platform, merchants can pull payments directly from their customers’ bank accounts, at a lower cost than credit cards and without the overhead and burden of cash and cheques,”
This is basically what makes GoCardless unique from credit card companies and the basic idea is that you don’t need to pay for interest on credit and companies can be assured that the money will be taken away from a person’s bank account rather than waiting for them to pay their credit card bills. GoCardless says that a “fully automated” collection system will gain increased visibility over payment flow.
