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Why GoCardless is the easiest way to collect SEPA Payments

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Last editedFeb 20222 min read

Collecting payments from European customers with SEPA Direct Debit via GoCardless is quick and easy to set-up, cheaper and more reliable than cards, eliminates late payments and tedious financial admin, and is easy and secure for your customers too!

Easily Collect SEPA Payments

SEPA Direct Debit via GoCardless makes it easy to collect payments from European customers in over 20 countries.

All you require is a free-to-set up GoCardless account. There's no need to complete any complicated legal or financial paperwork. You can be up and running in minutes because it's quick and easy to set up payments via the user-friendly merchant dashboard.

Payment collection is in Euros. GoCardless can credit your Euros account (if you already have one) or automatically convert funds to GBP and deposit directly to your UK bank account. 

"We were ready to go within 24 - 48 hours, it was very, very easy." - Lee Drayton, Managing Director, LD Fitness

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End Late Payments

Automate payment collection - no more waiting for payments!

Late payments are a serious issue for UK SMEs. Surveys show they are owed on average £8500 in late invoice payments at any one time.

GoCardless solves this problem by enabling you to collect payments automatically on the dates you schedule them. This eliminates late payments almost entirely.

Schedule the payment and notify your customer in just a few clicks. Once your customer has approved the mandate, no further action is required. The funds will be pulled automatically from the customer's account on the scheduled date, meaning you get paid on time every time.

Research has shown that 78% of SMEs using GoCardless have reduced average debtor days and that GoCardless merchants get paid 47% faster than the average SME.

"Overdue invoices are virtually non-existent, and that makes us happy!" - George Ford Director, Veriphy.

No More Chasing Payments

Save time chasing late payments

As well as the cash flow issues that late payments cause SMEs, there is also a significant time cost. According to research, the average UK SME spends 30 hours every month chasing these late payments. 

However, GoCardless small business users spend only 2.6 hours per month managing late or failed payments - 90% less time than the average business!

"This has saved us a whole person's salary." - James McGlade, Founder, Growth Alliance

Low-Cost Currency Conversion

Best currency conversion rates

Currency conversion is yet another cost of taking international payments, with banks and other foreign exchange providers taking a cut of each transaction, pushing up overheads.

Using the real exchange rate powered by Wise, GoCardless take no commission on top, so you receive the best possible value when converting to GBP.

"The fees for taking international payments with GoCardless are much lower than other providers." - Joe Webster, Global E-Commerce Experts.

Save time on Financial Admin

No more time-consuming manual admin

Payments admin such as raising and sending invoices, bank reconciliation, and credit control are time-consuming and expensive for businesses.

A recent YouGov survey found that small businesses spend over 12 hours a month on regular payments admin such as invoicing, accounting, expenses, budgeting, and forecasting.

However, businesses using GoCardless can automate payment collection, reconciliation, and other tasks, spending 59% less time than the average business managing payment admin.

"Automating payments for a fraction of the cost of card payments is a massive win for us." - Lee Mellon, Head of IT, Cripps & Co

Super-Simple to Get Started With GoCardless

Free to get started, simple to set up payments

There are no setup costs or contracts required to start using GoCardless. The user-friendly merchant dashboard makes it super simple to set up payments in just a few clicks.

You can take advantage of our pay-as-you-go pricing to create your account and start onboarding customers today. Click here to get started.

"The simplicity of GoCardless was just a wonderful, wonderful surprise. It is brilliant." - Matt Zina Principal, Matt Zina Acting

GoCardless Makes Life Easier

GoCardless customers save stress, time, and money

Pete Nicholls, a GoCardless customer, explains how GoCardless allows his business to easily collect payments from overseas customers and ensures he gets paid on time without having to chase clients up.

Eliminate late payments and save time, money and stress collecting payments from your European customers with SEPA via GoCardless

Interested in automating the way you get paid? GoCardless can help
Interested in automating the way you get paid? GoCardless can help

Interested in automating the way you get paid? GoCardless can help

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Try a better way to collect payments, with GoCardless. It's free to get started.

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