Skip to content
Go to GoCardless homepage
Pricing
LoginSign up

Optimising SEPA Direct Debit

By Isaac SeymourAug 20151 min read

Here at GoCardless we're always looking for ways to optimise the speed of the Direct Debit process. We recently made our GBP payouts arrive a day sooner than before, but our Euro payouts have been lagging behind, taking 2-3 working days to arrive. Now we're able to bring that down to just one.

At the same time we're making SEPA COR1 available. This is a faster version of SEPA Direct Debit, taking just 2 working days to collect payments. It's currently supported for collecting from most German, Austrian, and Spanish banks. If you don't specify the scheme when setting up a mandate, we'll automatically use COR1 whenever possible.

All new merchants will be able to take advantage of both of these optimisations straight away, and we'll be enabling them for existing merchants over the next few weeks. Get in touch if you're keen to be in the first batch!

GoCardless makes it easy to collect recurring payments

Sign upContact sales

Interested in automating the way you get paid? GoCardless can help

Contact sales

Contact Us

Sales

Contact sales

+44 20 8338 9539

Support

Request support

+44 20 8338 9540

Seen 'GoCardless Ltd' on your bank statement? Learn more

GoCardless Ltd., Sutton Yard, 65 Goswell Road, London, EC1V 7EN, United Kingdom

GoCardless (company registration number 07495895) is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017, registration number 597190, for the provision of payment services. GoCardless SAS (23-25 Avenue Mac-Mahon, Paris, 75017, France), an affiliate of GoCardless Ltd (company registration number 834 422 180, R.C.S. PARIS), is authorised by the ACPR (French Prudential Supervision and Resolution Authority), Bank Code (CIB) 17118, for the provision of payment services.