Collect and reconcile payments automatically for any Xero invoice, whether recurring or ad hoc.
"We strongly advise our Xero clients to use GoCardless. It's quick to set up, improves cashflow and admin is reduced to almost nothing due to the automatic reconciliation."
Peter Czapp, Co-Founder & Director,, The Wow Company, Accountancy Firm
GoCardless users spend 84% less time chasing unpaid invoices.
GoCardless users spend 76% less time reconciling payments.
82% of GoCardless users have improved their business cash flow. payments.
To start collecting payments, your customer will need to complete an online Pre-Authorized Debit (PAD) form. We offer simple ways to invite new and existing Xero customers by link or editable email.
You’ll be giving customers an easy, one-time set up for all future payments, by asking them to complete a PAD form. This gives you permission to collect money from their bank account.
Each time you create an invoice in Xero you can collect the payment automatically by PAD on the invoice due date. Alternatively, you can manually collect payments for specific customers or by Xero branding themes.
Now that a PAD is in place with your customer, GoCardless will email your customers in advance before every payment is collected.
Once you’ve received a payment, the relevant invoice(s) will be marked as paid with the GoCardless fee posted as an expense automatically.
Yes, GoCardless allows you to collect payments of variable amounts for one-off, ad-hoc or repeating invoices. In the UK the minimum amount for a single transaction is £1 and the maximum is £5000. We may be able to increase this limit with additional verification checks.
GoCardless allows you to brand the online PAD forms and notifications that your customers will see.
Once your customer is charged, the time needed to transfer the money to your account depends on what area your customer is located in. For the UK, the time it takes from your customer being charged to having the money in your account is 2 working days.
GoCardless is ISO27001 certified for information security management meaning security protocols across our business, services and products have been audited and certified with this widely recognised international standard. GoCardless is authorised by the Financial Conduct Authority.
If a payment fails GoCardless will notify you via email. You then have the option to login and manually request we take the payment again.
PAD is a one time customer set-up, then they can pay you on an ongoing basis without needing to lift a finger - saving them time and effort. They’ll be notified before every payment, and payments are protected by ACSS rules.
GoCardless Ltd., Sutton Yard, 65 Goswell Road, London, EC1V 7EN, United Kingdom
GoCardless is regulated by the Financial Conduct Authority in the United Kingdom as an Authorised Payment Institution to collect payments across Europe.