We’ve all been there. You do the work, raise an invoice and then have to wait for payment. There’s nothing more frustrating. But wait… change is afoot.
GoCardless is a nifty little platform (with no set up cost or contracts) to collect payments by direct debit.
- No more late payments – funds are automatically collected on payment due dates.
- You can use GoCardless to collect one-off or recurring payments of any amount.
- You can choose your collection dates, making sure payments are received before you have your bills to pay.
- GoCardless automatically reconciles to your invoices raised in Xero, saving a lot of time!
- Once it’s set up no further action is required from your customers, and payments are protected by the DD Guarantee.
This video gives a very brief overview: GoCardless for Xero: Powered by Directli
Is it simple to set up?
Yes, it only takes 5 minutes…
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- Create you GoCardless account.
- Connect Xero and GoCardless.
- Select your bank account.
- Choose your mandate settings (recommend automatic)
- Choose your payment collection settings (use automatic)
From the customer’s point of view
Your customer will receive an email from you asking them to set up the Direct Debit mandate.
Once the “Set Up Direct Debit” button is clicked, they will be forwarded to the set up page. Again this is a very simple page which takes less than a minute to complete.
That’s it!
