The right payment provider can give your business a competitive advantage, but should you choose GoCardless or Stripe? To help, here are 5 reasons brands are choosing GoCardless for recurring payments.
By focusing only on recurring payments, GoCardless has built a platform that is tailor-made for brands that collect repeating payments. GoCardless is made for subscriptions, invoices, and instalments. Every new feature and every product update is built solely to improve the experience of collecting recurring payments.
GoCardless is the only global platform to collect recurring payments from your customers and settle them back in your home country in just one bank account, with FX dealt with automatically.
It's easy, predictable and comes with totally transparent pricing; leaving you to concentrate on what your business does best. Stripe covers a limited amount of bank debit (also known as Direct Debit in the UK) schemes, but it requires your business to have multiple bank accounts.
By building GoCardless on bank debit, a pull-based payment mechanism, around 97.5% of payments are collected successfully at the first time of asking, and with smart payment retries, businesses can increase this figure to as high as 99.5%.
While bank debit is available through Stripe, it's primarily known for processing card payments, which fail 10-15% of the time.
Making sure your business is always able to collect recurring payments is vital, as is ensuring your customers always enjoy an amazing payment experience. If you ever do need help, our award-winning support team is here to help. Unlike Stripe, you can simply pick up the phone and speak to us directly. We also offer email support.
Brands that offer 5 or more payment methods grow faster than those who offer 3 or less*. Plus, in many major markets and use cases, bank debit is the preferred payment method.
You don’t have to choose GoCardless or Stripe. You can create a diversified payment experience to satisfy all your customers by using both payment providers: GoCardless for bank debit and Stripe for card payments.
*Source: The Subscribed Institute, Zuora
GoCardless directly integrates recurring payment collection into the likes of Zuora, Salesforce, Xero, Chargebee and over 200 more.
GoCardless processes $13bn+ annually and has been funded by prestigious investors including Google Ventures and Salesforce Ventures.
With GoCardless, there are no setup costs or hidden fees. There is a 1% +20p domestic transaction fee, capped at £4.
“We want our global customers to have access to simple and easy payment methods when purchasing DocuSign. We’re delighted to be working with GoCardless to offer Bank Debit as a payment option throughout the UK and Europe, to ensure customers are able to complete quick and easy transactions with DocuSign.”Robin Joy, SVP of Digital, Demand & Web Sales, DocuSignRequest a call
Help & resources
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, 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.