The service is simple to use and provides a number of features and benefits that make it a popular choice for businesses of all sizes. Customers boast that once you set everything up and know what you are doing, the system does most of the work for you.
But it is not the only solution out there. In this blog post, we’ll take a look at 7 of the best GoCardless alternatives.
Why GoCardless Might Not Be Right For You
There are several occasions when GoCardless may not be the best payment solution for your business. For example, you may be looking for a payment service that offers a broader range of features and functionality or one available in more countries.
If that’s the case, then here are five great alternatives to GoCardless that you may want to consider.
The Best Alternatives to GoCardless
Stripe is a popular payment processing company that offers a suite of tools for accepting and managing payments. While it doesn’t have all of the features of a full-fledged merchant account, it’s a good option for smaller businesses requiring something straightforward. Stripe’s main features include its simple pricing structure, easy-to-use API, and ultimate fraud protection.
However, there are a few potential drawbacks to using Stripe’s system. First, it doesn’t offer the same level of support or customer service as some of the other providers. Furthermore, it doesn’t provide invoicing options, and it might not be suitable if your business sends out regular invoices.
Known for its security measures, Braintree is a PayPal company that offers a complete ensemble of payment solutions. In addition to safe credit and debit card processing, Braintree also offers ACH processing, invoicing, and fraud protection.
Braintree is best for users who are tech-experienced on account of its advanced system to prevent fraud, chargebacks, and other business threats.
There are a few potential drawbacks to using Braintree. It can be expensive for high-volume businesses, and the company also has a complex pricing structure that can be difficult to understand.
Furthermore, Braintree customer service support is lower than some alternatives, so if you’re looking for a provider that helps you along the way 24/7. There might be better options than Braintree for you.
Worldpay is another highly used payment processing platform that offers similar features to GoCardless. In fact, this payment processor has over 8,000 companies that use their money transferring platform.
One key difference between the two platforms is that Worldpay offers a much more comprehensive range of payment methods, including debit and credit cards, ACH transfers, and international payments.
While Worldpay offers a broader range of payment methods than GoCardless, it also has some drawbacks. First, it can become expensive for high-volume businesses, and the company also has a complex pricing structure that can be difficult to understand.
When it comes to online payments, PayPal is one of the most utilised and talked about processing options out there. The platform offers a vast range of features and benefits that make it a popular choice for businesses of all sizes.
There are several reasons why PayPal is a good choice for businesses when it comes to online payments. Firstly, PayPal is a widely-used payment processing platform with millions of users worldwide. This makes it a very reliable choice for businesses that want to be able to accept payments from a more significant number of customers.
PayPal has many features and functionality, including credit and debit card processing, invoicing, and theft protection. These features make it an extremely versatile option that can meet the needs of businesses ranging from small independent shops to large companies.
Did you know? Paypal is available in more than 200 countries worldwide, making it an ideal choice for businesses operating in multiple countries or having global shoppers.
There are a few potential downsides to using PayPal, however, and it can become costly due to markup fees and transaction conversion rates.
This unique payment platform is a recurring billing and subscription management platform that offers many of the same features as GoCardless. One key difference between the two platforms is that Chargebee offers a more comprehensive set of tools for managing subscriptions and recurring payments, allowing you to scale your business better for the future.
The platform enables subscription-based businesses to capture and retain clients to maximise revenue and promote opportunity. Chargebee is extremely easy to use, which makes it very customer-friendly.
While Chargebee does offer a better set of subscription management tools, it also has a few cons. First, it can break the budget for businesses with large numbers of customers. Additionally, if you aren’t offering subscription options, this might not fit your business’s platform.
MYFUNDBOX is an invoicing and payments platform that offers similar features to GoCardless. One key difference between the two platforms is that MYFUNDBOX offers a more robust system for managing invoices and tracking payments.
One downside of using MYFUNDBOX is that it lacks the ability to create sub-accounts, which can make managing multiple brands more difficult. Additionally, the payment boxes are not editable, so you cannot customise the design or translation in any way. Furthermore, in review, some customers found their software a little difficult to learn.
Overall, MYFUNDBOX is a good option for those who need a more advanced invoicing and payment solution. However, you should be aware of the customisable limitations before signing up.
7. Amazon Pay
Amazon Pay is a secure payment solution offered by Amazon that allows customers to shop and pay using their existing Amazon account. This security makes it easier and faster for customers to make purchases without providing additional information or setting up a new account. With Amazon Pay, customers can quickly and securely purchase items online with the assurance of Amazon’s trusted security protocols.
Amazon Pay also offers fraud detection, payment dispute resolution, and extended customer protection, which make it an attractive option for businesses looking to provide a secure payment solution to their customers. However, Amazon is limited in its coverage area, so not all customers may have access. Additionally, Amazon Pay does not offer the same level of customisation as some other platforms.
Ultimately, Amazon Pay is a great option for businesses that want to provide their customers with a secure and convenient payment experience. Furthermore, it’s an option that customers love.
How to Choose the Best Payment Platform For Your Business
When it comes to choosing a payment platform for your business, there are a few things to consider.
First, decide what features are important to you. Do you need a platform that offers a wide range of payment methods? Do you need a platform with good customer service? Do you need a platform that is easy to use?
Decide what your budget is. Some platforms are more expensive than others, and while many offer similar transaction fees, overall costs can vary significantly. There also may be some systems that require in-depth setup costs.
Pro-Tip: Take the time to read reviews about all the different platforms. These reviews will give you a good sense of what other businesses have experienced with the platform. Some customers can also provide insight into what problems you may encounter and if your team can handle them.
You should also take time to access and decide how complex your billing needs are. Some platforms offer better tools for managing payments and online subscriptions than others.
Finally, decide what other features you use the most and how well the payment platform integrates with them. Simply put, some platforms integrate more easily with other software than others.
There are several excellent alternatives to GoCardless for online payments. Each of the platforms listed above offers similar features and functionality to GoCardless, so it’s just a matter of finding the one that best meets your needs. Whichever platform you choose, you can be confident that you’re getting a quality product that will help you streamline your online payment processing.