The company offers some of the cheapest international cross-border payment options in the market, due to its partnership with the Wise platform. This allows for the exchange rate to be at the mid-market rate.
There are also a range of other features, like integration and syncing with physical store POS, e-commerce marketplace support, and multi-currency support.
Overview
Transaction fee (International) | Refund Fees | Settlement timeframe | International markets |
|---|---|---|---|
2% + £/€0.20 | £/€0.50 | 5 days | 30 |
- Different options will suit different businesses, which means you can pay less for slightly less support and coverage of markets
- GoCardless supports cross border transactions from over 30 markets, most of these are settled within 5 days
- Currency conversion is through Wise Business, meaning you get the mid-market rate on transfers. For comparison Stripe exchanges at around 2%
- Whilst not a problem for every business, the more protection you want the higher the cost, with cross border payments on the Pro tier cost 2.4% of a transaction, plus £0.20
Features | Details |
|---|---|
Powered by Wise | This gives GoCardless a competitive edge in international payments with 2% + £0.20 in fees. |
Batch payments | Create up to 1,000 payments in one go from a single CSV file |
Scheduled payments & invoices | Schedule multiple recurring or one-off payments through the dashboard or API |
API integrations | Integrated with multiple accounting tools including Xero, Salesforce, Chargebee, Tide, and more |
Real-time data | All the invoices and data are processed in real time for accurate tracking |
Recurring payments | Set up recurring payments for customer subscriptions or membership payments with automated invoicing |
Global reach | Take and make payments in over 30 countries and 8 currencies |
GoCardless fees
Fees with GoCardless do increase based on the tier you opt for, but their overall cost covers an increase in service for each as well.
Standard | Advanced | Pro | |
|---|---|---|---|
Domestic fees | 1% + £0.20 | 1.25% + £0.20 | 1.4% + £0.20 |
Price cap per transaction (domestic only) | £4 | £5 | £5.60 |
High-value transaction fees (over £2,000) for UK bank debit | 0.30% | 0.30% | 0.30% |
International fees | 2% + £0.20 | 2.25% + £0.20 | 2.4% + £0.20 |
Refund fees | £0.50 | £0.50 | £0.50 |
Chargeback feesChargeback fees | £5 | £5 | £5 |
Compared to similar payment gateways, these fees are fairly cheap. For example, Fondy charges 3.4% and has an account fee of £10/month, while Flywire charges 1% refund processing charge and $10-50 per chargeback.
Eligibility
Business types
Countries
Products offered by GoCardless
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Signing up for GoCardless
Choose How You Want to Use GoCardless
Decide on one of the three available methods to use GoCardless. The recommended option is to start with the GoCardless dashboard, which provides an easy interface to manage payments.
Configure Your Account Settings
After signing up, configure your account by enabling two-step verification for enhanced security. This is also a good time to set up access for other team members if necessary. Securing your account should be your top priority before proceeding further.
Collect Your First Payment
To get familiar with how GoCardless works, try collecting your first payment. You can start with a test payment, especially by paying yourself a small amount.
Remember, you can only create and collect payments once your account has been fully verified.
Receive Your Funds
After a customer makes a payment, the funds will be transferred to your account. Ensure your account verification process is complete as this is essential for creating and collecting payments.
GoCardless API
GoCardless offers an API for the custom building of cross-border payment acceptance.
Works with PHP, Java, Ruby, Python, and .NET
Allows automated collection of payments from 30+ locations
Can be integrated with existing multi-currency or accounting software
