Your clients’ contributions sit uninvested for up to three working days while settlement completes.
Direct Debit delays of up to three days means last-minute ISA and savings contribution deadlines are missed, often the largest of the year.
Changing a Direct Debit can take days. Every time your client wants to change their top-up amount, you’re asking them to start a new journey.
What the data shows
We surveyed 489 recurring revenue business leaders (including 65 financial services businesses) about their current payment frustrations.
Why Recurring Pay by Bank is the fix
Recurring Pay by Bank is GoCardless' solution for cVRP. It’s an open banking payment method that enables variable, recurring payments without customers needing to re-authorise every time. Think of it as Direct Debit, rebuilt with the speed and visibility of open banking.
Recurring payments, without the recurring problems
Invest your clients’ funds, fast
Put your clients’ money to work from day one, with funds arriving within one working day.
Never miss a contribution deadline
Contributions taken before 11am settle the same day – no more Direct Debit delays.
Flexible contributions
One-click account top-ups means it’s easy for your clients to make ad hoc contributions and investments, fast.
Bank-verified authorisation
Payment limits are agreed upfront and authorised by your clients via biometric or Face ID in their banking app.
How it works for your customers
Built for regular saving and investment contributions
Variable amounts, ad hoc contributions, and funds arriving fast – everything you need to put your clients’ funds to work from day one.
One authorisation, variable amounts
Collect regular contributions and top-ups with a single authorisation. Your client authorises agreed limits upfront in their banking app.
Same-day settlement
No more Direct Debit delays. Your clients’ funds arrive within one working day so you can put them to work from day one.
Seamless bank routing
If a bank doesn’t support Recurring Pay by Bank, we automatically route the customer to Direct Debit. No contributions are missed from day one.
Fund availability check
Detect insufficient funds before collection, so you can alert your clients before they are surprised or miss a deadline.
Frictionless onboarding
Our Bank Guess feature auto-selects your client’s bank. No card details or lengthy Direct Debit setup required.
The market is ready. Here’s what other financial services businesses think.
97% believe that commercial VRPs would improve cash flow – receive funds in minutes, not days.
98% would adopt commercial VRPs if it reduced customer churn – no more top-up friction.
63% say time-saving is a key benefit of commercial VRPs.
51% say commercial VRPs would accelerate their business growth plans.
The first live Recurring Pay by Bank transaction in energy
