Instant Bank Pay
Perfect for one-off payments
Collect one-off payments instantly with GoCardless. Direct from your customer’s bank account to yours.
Instant confirmation
Instant transfers means real-time confirmation for you and your payers.
Reduce fees
Typically 54% cheaper than online card transactions.
Less stress
Spend less time chasing down late or failed payments.
Welcome to the era of 'pay by bank'
The current options for payments are limited. Cards have expensive transaction fees; bank transfers offer a poor customer experience; bank debit is not optimised for one-off payments.
Instant Bank Pay is the GoCardless feature that makes it easy for your customers to pay by bank, using Faster Payments. These instant transfers mean better visibility for both you and your customers, save you time chasing one-off payments, and creating a smoother customer experience.
Businesses report multiple benefits from using open banking
Instant payments are perfect for:
Taking a first-time payment
When a new customer signs up, take their first payment instantly before bank debit collections begin.
Easy invoicing
Collect one-off payments quickly by sending customers an invoice with an instant bank payment link.
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Taking a first-time payment
When a new customer signs up, take their first payment instantly before bank debit collections begin.
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Easy invoicing
Collect one-off payments quickly by sending customers an invoice with an instant bank payment link.
One-off payments for goods or services
Let your customers make upfront payments, purchase extras outside of their recurring payment, or follow-up on a failed payment.
Account top-up
Prompt your customers to instantly top-up their accounts with an instant bank transfer, and continue to use your services.
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One-off payments for goods or services
Let your customers make upfront payments, purchase extras outside of their recurring payment, or follow-up on a failed payment.
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Account top-up
Prompt your customers to instantly top-up their accounts with an instant bank transfer, and continue to use your services.
How it works
“Open Banking actually addresses pretty much the entire list of challenges we had with card payments:
Card fraud → gone
Chargebacks → gone
Refunds or refund requests → dramatically reduced
Processing costs → slashed
Receiving money from acquirers → almost real time.”
Oliver Shaw-Latimer - Senior Director, Payments Innovation
JustGiving
You can try it yourself, right here
Curious what the one-off donation experience is like with GoCardless? Make a donation to The Trussell Trust – a charity supporting 1,200+ food banks in the UK – below.
100% of your donation will go to charity.
