Bad debt, increased churn, and extra labour costs are quick to follow. Cash flow gets locked up. Customer lifetime value shrinks and cost of acquisition goes up.
And you’re stuck chasing payments instead of growing your business.
Do you know how much you’re losing to failed payments?
Discover how much cash flow you could release back into your business with this nifty calculator. In just 3 simple questions, you’ll know just how much you’re losing. And what you could be saving.
Did you know that credit cards have an 8% failure rate?
With GoCardless, you can enhance your customer experience, reduce payment failures and boost your bottom line. All from adding a single payment option.
What if you could recover 70% of your failed payments on autopilot?
Meet Success+, our intelligent payment retry tool. It identifies the best day and time to recollect payments based on data from millions of payers. Then it recovers the payment. Without you having to lift a finger.
Finally, Direct Debit is providing real competition to credit cards.
Built for one-off payments, Instant Bank Pay gives you instant confirmation of the payer. So you can easily collect one-off and recurring payments that are safer, cheaper and more reliable than credit cards. From one simple payments platform.
Plum reduced payment failure to 0.48%
Money management app Plum chose GoCardless to build an automated billing system with low failure rates.
By switching to seamless account-to-account payments with GoCardless, Plum have seen their total monthly deposits increase by 131%. By adding Success+ to intelligently retry failed payments they’ve seen payment failures drop from 3.6% to 0.48%.
By adding Success+ to intelligently retry failed payments they’ve seen payment failures drop from 3.6% to 0.48%.
