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Small businesses can end the stress of late payments with one simple change

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The GoCardless content team comprises a group of subject-matter experts in multiple fields from across GoCardless. The authors and reviewers work in the sales, marketing, legal, and finance departments. All have in-depth knowledge and experience in various aspects of payment scheme technology and the operating rules applicable to each. The team holds expertise in the well-established payment schemes such as UK Direct Debit, the European SEPA scheme, and the US ACH scheme, as well as in schemes operating in Scandinavia, Australia, and New Zealand. See full bio

Last editedSep 20241 min read

Are your customers paying on time? Or are you stuck chasing them, convinced it’s just the cost of business? Ever struggle with failed payments from expired cards? Make one smart move to remove the hassle of late payments: switch to Direct Debit for your payment collection with this savvy provider. And you’ll never have to wonder where your money is. Find five key reasons why it’s worth it.

If you are experiencing the stress of late payments, you’re not alone.

Unfortunately, the UK has a culture of late payments, with a staggering 70% of businesses having recurring issues with getting their invoices paid on time. It can be one of the biggest pain points for any small business, fueling stress and cash flow problems, awkward conversations with customers and a significant time cost. However, it’s not all doom and gloom. You can make one simple change to eliminate the stresses of getting paid late: switch your payment collection method to Direct Debit with GoCardless. And no, you don’t need to be a large business with hefty revenue or have a dedicated business bank account to qualify. This is open to small businesses and entrepreneurs too – you can even use a personal account to collect Direct Debit from your customers.