GoCardless Launches Faster Direct Debit Payouts

A New Era for Direct Debit Processing

GoCardless, a global leader in bank payment solutions, has introduced Same Day Settlement+, aiming to revolutionise Direct Debit payments significantly. This innovative solution addresses long-standing payment delays caused by slow settlement cycles and frequent late payment failures within the BACS network effectively.

With this latest launch, GoCardless aims to modernise traditional Direct Debit systems by offering near-instant access to funds for businesses worldwide. Furthermore, this solution provides a vital upgrade to existing infrastructure, ensuring faster payouts and improved reliability for merchants globally.

Driving Efficiency Through Advanced Technology

The company has built a strong reputation as a trusted provider of end-to-end bank payment solutions serving over 85,000 businesses. Its platform already simplifies the process of collecting payments through Direct Debit, Open Banking, and other bank-based methods successfully.

Same Day Settlement+ leverages proprietary machine learning technology, trained on transaction data from more than 38 million active accounts worldwide. As a result, over 96% of collected payments are now paid out on the same day reliably and efficiently.

By significantly reducing the traditional two-day settlement period, this solution enhances cash flow management while cutting late payment failures by more than 80%. Moreover, merchants benefit from improved predictability, enabling better financial planning and enhanced operational decision-making processes across their businesses globally.

Phased Rollout for Tailored Performance

Currently, Same Day Settlement+ is being rolled out to a select group of customers for its initial deployment phase successfully. This approach allows the system to develop highly tailored predictive models for optimal performance across various industries efficiently.

During this phase, GoCardless gathers valuable insights, improving the solution’s accuracy in forecasting settlements and maintaining high payout success rates. Consequently, businesses adopting the feature early experience smoother, faster transactions while gaining confidence in reliable payment processing solutions overall.

According to GoCardless, 58% of merchants consider same-day settlement extremely beneficial, citing improved cash flow visibility and faster access to working capital globally. Moreover, 85% believe that faster payouts strengthen relationships with both customers and suppliers, fostering improved trust and operational collaboration immediately.

Real Impact on Small Businesses

For many small businesses, cash flow management is a constant challenge, and delayed settlements can strain financial operations significantly. The introduction of Same Day Settlement+ offers immediate relief by accelerating access to funds and reducing financial uncertainty effectively.

John Cooper, managing director at Communicate Telecoms, described the solution as a “game-changer” for his company’s monthly billing operations. With faster settlements, his team can manage finances more effectively, ensuring bills are paid on time and reducing stress significantly.

This improved liquidity supports operational resilience, empowering small businesses to invest in growth opportunities and maintain stronger relationships with suppliers long-term. Furthermore, with reduced settlement delays, companies gain flexibility and stability, fostering improved customer satisfaction and vendor trust globally.

Commitment to Payment Innovation

GoCardless has consistently demonstrated a commitment to innovation, making bank payments simpler, faster, and more reliable for businesses worldwide effectively. According to chief product officer Shaun Puckrin, Same Day Settlement+ sets a new standard for Direct Debit payments in today’s competitive market.

The solution combines payout speed with significantly reduced late failure rates, allowing merchants to benefit from faster funds availability and enhanced reliability simultaneously. Furthermore, it provides businesses with better predictability, strengthening overall cash flow management and supporting strategic financial planning at scale worldwide.

This launch reflects GoCardless’s long-term vision of modernising payment solutions, addressing pain points faced by businesses globally, and fostering stronger, more efficient financial ecosystems effectively.

A Significant Step for the Future of Direct Debit

The introduction of Same Day Settlement+ marks an important milestone in modernising Direct Debit, providing businesses with faster, more predictable payouts globally. By leveraging machine learning and data-driven insights, GoCardless enhances payment reliability, reduces settlement delays, and builds trust across the merchant ecosystem successfully.

As adoption expands beyond early users, this innovation could reshape how businesses manage bank payments, delivering new levels of speed, transparency, and efficiency worldwide. Consequently, GoCardless continues leading the way in transforming the future of bank payment solutions for companies of all sizes globally.

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