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It's also a challenge for merchants, because the fact that the payment fails may not be known for up to 5 days. I would love to see if GoCardless could do somet
by greghinch 13y ago
It's also a challenge for merchants, because the fact that the payment fails may not be known for up to 5 days. I would love to see if GoCardless could do something with the FasterPayments system as well, which processes in a matter of hours.
- hirokitakeuchi 13y agoWe'd love to speed up the Direct Debit system - unfortunately that isn't likely though. That is why we focus on recurring payments, where merchants are able to time the payments in advance. If Faster Payments opens up, we are well placed to adopt it.. It's on the banks & regulators to open it up though (current access is closed). Watch this space!