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Two questions: 1. How quickly is the money in the merchant account after the payment is authorised by the consumer? 2. Is the Faster Payments system now the n
by rayhano 15y ago
Two questions:
1. How quickly is the money in the merchant account after the payment is authorised by the consumer?
2. Is the Faster Payments system now the new standard? If so, what is the difference between this and electronic Direct Debit and will you be porting onto Faster Payments?
3. What is next for GoCardless, apart from user (business) acquisition?
- alexchamberlain 15y agoFaster payments are customer originated, whereas Direct Debits are merchant originated.
- hirokitakeuchi 15y ago1. We pay out on a 7 days after a transaction is initiated. 2. Faster payments is the new standard for payments initiated from within a bank account (e.g., via online banking). Direct Debit is still the standard for "pull" based payments. 3. Keep an eye out. We have some big announcements coming up.