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Instant Bank Pay: Everything partners need to know

Give your users a better way to collect instantly-authorised, one-off payments. Standalone, or simultaneously with a Direct Debit mandate setup.

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Instant Bank Pay: Everything partners need to know
Instant Bank Pay: Everything partners need to know

A better way to collect one-off payments

Bank transfers are slow and admin-heavy. Cards are expensive and failure-prone. Instant Bank Pay is the better way for your users to collect instantly-authorised, one-off payments. Try it now with a donation to The Trussell Trust, or watch a video.

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A better way to collect one-off payments
A better way to collect one-off payments

Benefits for your users

  • Better payment experience

    Better payment experience

    Merchants initiate the payment process; payers authenticate through their phone or online banking. Quick and easy for everyone.

  • For businesses of all kinds

    For businesses of all kinds

    From SaaS providers, to gyms, to professional services firms. Whether it’s for add-ons, extra works, or just a high value transaction.

  • Works with bank debit

    Works with bank debit

    With bank debit and Instant Bank Pay together, merchants can cover a variety of payment use cases with GoCardless.

  • Bye bank transfers, bye cards

    Bye bank transfers, bye cards

    Instant Bank Pay means less waiting, less chasing, and no more expensive card network fees.

"Instant Bank Pay is very impressive. The user journey is well executed and the benefit of getting instant payment authorisation will be very attractive to our small businesses community."
"Instant Bank Pay is very impressive. The user journey is well executed and the benefit of getting instant payment authorisation will be very attractive to our small businesses community."

"Instant Bank Pay is very impressive. The user journey is well executed and the benefit of getting instant payment authorisation will be very attractive to our small businesses community."

- QuickFile, a GoCardless partner

(Want the full story? Read the case study)

Benefits for you

  • Better retention + growth

    Better retention + growth

    Instant Bank Pay means lower costs, better visibility, and faster funds for your customers. Which means better retention and growth metrics for you.

  • New revenue streams

    New revenue streams

    Payments powered by open banking can replace un-monetised, “offline” payments like bank transfers, cash, and cheques.

  • More data, better insights

    More data, better insights

    Instant Bank Pay provides greater visibility over the payment process, giving you better insight into your customers’ cash flow.

  • Stickier customers

    Stickier customers

    Improve your customers’ overall product experience with Instant Bank Pay, and encourage them to stay in your ecosystem.

Use cases for merchants that invoice their customers
Use cases for merchants that invoice their customers

Use cases for merchants that invoice their customers

  • First-time payments

    Some merchants need up-front deposits before beginning work charged in regular instalments. Instant Bank Pay lets them initiate the payment process for their customer to approve, and set up a bank debit mandate in the same flow.

  • High value payments

    Some merchants and payers aren’t comfortable with high value payments being collected via bank debit. Instant Bank Pay still lets merchants initiate the payment process, with all the details filled in automatically. Customers simply approve.

  • Pay now

    Some merchants need payment before they send out goods or begin services. Instant Bank Pay gives them instant payment authorisation, without the admin of manual bank transfers or high card fees.

  • Regular invoice collection

    Some merchants are uncomfortable with chargeback risk. Some payers don’t want to automate their payments. Instant Bank Pay gives merchants and payers the comfort and control of manual bank transfers, but with less admin.

5,000 reasons to celebrate Instant Bank Pay

Get startedTerms and conditions

Every Instant Bank Pay payment your users process via your app by September 30th earns you a raffle ticket. The grand prize winner, drawn at random, gets £5,000 cash. So the more payments you process, the greater your chance of winning. There are also 3x £3,000 cash prizes and 5x £1,000 cash prizes for runners up.

Get startedTerms and conditions

Use cases for merchants that offer subscriptions and memberships
Use cases for merchants that offer subscriptions and memberships

Use cases for merchants that offer subscriptions and memberships

  • First-time payments

    Many subscriptions need to commence as soon as the customer has signed up. Because of the lack of instant payment authorisation with bank debit, some merchants need an alternative payment method for the first payment in a subscription. Enter Instant Bank Pay.

  • Ad hoc payments on top of subscription

    Some merchants charge a fixed recurring cost for subscription or membership, but also offer additional goods or services for sale. Instant Bank Pay lets their customers quickly and easily make these ad hoc payments outside their regular billing.

  • Account top-up payments

    Some merchants offer services where their customers have an account balance, such as energy providers. Instant Bank Pay lets their customers quickly and easily top up their account in a streamlined flow (and without card fees for the merchant).

5,000 reasons to celebrate Instant Bank Pay

Get startedTerms and conditions

Every Instant Bank Pay payment your users process via your app by September 30th earns you a raffle ticket. The grand prize winner, drawn at random, gets £5,000 cash. So the more payments you process, the greater your chance of winning. There are also 3x £3,000 cash prizes and 5x £1,000 cash prizes for runners up.

Get startedTerms and conditions

Why merchants need Instant Bank Pay

Instant info about payments

Instant info about payments

58% of GoCardless merchants that connect via a partner say they need instant updates on payment success.

Links that trigger bank transfers

Links that trigger bank transfers

83% of GoCardless merchants that connect via a partner and send invoices, want to be able to send a link that triggers a bank transfer.

Card payments are too expensive

Card payments are too expensive

65% of GoCardless merchants that connect via a partner and sell subscriptions, say credit card payments are too expensive.

Want to stay within GoCardless

Want to stay within GoCardless

80% of GoCardless merchants that connect via a partner and sell subscriptions, want to be able to take instant payments through GoCardless.

Better than bank transfers
Better than bank transfers

Better than bank transfers

Why do businesses collect payments via bank transfers? It’s not just because they’re free. For two-thirds of merchants we surveyed, cost wasn’t the case. So give your users a better alternative with Instant Bank Pay.

5,000 reasons to celebrate Instant Bank Pay

Get startedTerms and conditions

Every Instant Bank Pay payment your users process via your app by September 30th earns you a raffle ticket. The grand prize winner, drawn at random, gets £5,000 cash. So the more payments you process, the greater your chance of winning. There are also 3x £3,000 cash prizes and 5x £1,000 cash prizes for runners up.

Get startedTerms and conditions