GoCardless taps TransferWise for borderless recurring payments

By 06/11/2019June 4th, 2021No Comments

GoCardless has teamed up with TransferWise to help its business customers collect recurring payments from overseas at the “real” exchange rate.

London-based GoCardless taps into bank debit systems to help more than 50,000 business worldwide collect recurring payments online.

However, until now, firms could only use the platform to collect recurring payments from overseas if they had a local bank account in that market.

Now, GoCardless has built a global network that taps TransferWise for Business’ foreign exchange technology to let its clients collect recurring payments from over 30 countries without a local account.

GoCardless CEO Hiroki Takeuchi says the global network will help firms collect international payments “without having to rely on the card networks or manual push-based mechanisms such as international bank transfers”.

He adds: “We are able to settle payments directly into your bank account, in your home currency, across any of the 30 countries we cover today.”