GoCardless Tutorial: Set Up Direct Debit Payments for Your Business, by Mindible on YouTube. 8 min 51 s.
- Video length
- 8 min 51 s
- Time to do it
- 30 minutes
- Difficulty
- Easy
- Steps
- 8
What you need
Steps
Go to the GoCardless website and click Sign up. Choose the plan that fits your payment volume, since fees are charged per transaction.
Enter your business name, address and company registration number. Pick your business type, such as sole trader or limited company.
Add the bank account where GoCardless should pay out your collected funds. Double-check the sort code and account number before saving.
Complete the identity and anti-money-laundering checks. Have a photo ID and proof of business address ready to upload.
Connect your accounting or invoicing tool if you use one, such as Xero, QuickBooks or a GoCardless payment page.
Create a payment or subscription link in your GoCardless dashboard. Set the amount, currency and whether it repeats monthly or is a one-off.
Send the link to your customer. They enter their bank details and authorise the direct debit mandate online.
Track the mandate status in your dashboard. Once it is active, GoCardless collects the payment on the scheduled date and pays it into your bank account.
Tips and common mistakes
Mandates can take a few working days to become active, so set the first collection date with a buffer.
Tell customers the exact collection date and amount in advance to reduce failed payments and disputes.
Keep your payout bank details up to date, as changing them later can delay funds.
Questions
How much does GoCardless charge?
GoCardless charges a percentage fee per transaction plus a small fixed fee on some plans. Check the current pricing page before you sign up, as rates vary by plan and country.
How long until I receive the money?
Payments are usually paid out a few working days after collection. The exact timing depends on your plan and bank.
Can I collect one-off payments as well as recurring ones?
Yes. You can create a one-off payment link or set up a recurring subscription from the same dashboard.
This guide was drafted from the video's details and general task knowledge. It has not been checked against the full video. Check the video and relevant product instructions before following a procedure. Report a correction.
