Recurring payments company GoCardless and subscription commerce company Recurly have teamed up to give businesses access to the “first global network designed for recurring payments,” according to a release.
Businesses will be able to collect recurring payments through bank debit and Recurly merchants will be able to attract customers from around the world, while reducing the fees charged by other payment methods. Merchants will also have the ability to receive payments from SEPA, Bacs and ACH, which will help businesses to expand.
“Today’s businesses are increasingly turning to subscription-based models to retain a steady stream of revenue through recurring payments,” said Hiroki Takeuchi, GoCardless co-founder and CEO. “Through this partnership, Recurly merchants will be offered the option of accessing GoCardless’ powerful recurring payments platform, which simplifies their payment processes, reduces costs and increases their reach to a greater number of customers around the world. We are thrilled with this partnership, as it also further broadens our footprint in the U.S. by providing the capabilities of the GoCardless platform to more than two thousand businesses that use Recurly for subscription billing today.”
The move is important for GoCardless as it continues to expand in the United States. The company recently launched ACH debit and opened a new office in San Francisco.
“The integration of GoCardless with our platform is in direct response to customer feedback, particularly those who have global expansion plans. Businesses will now be able to access a range of global bank debit options, broaden their reach to a much wider scope of international customers, and in turn, tap into new revenue streams,” said Dan Burkhart, CEO of Recurly.
Recurly works with companies like Sling TV, BarkBox, Asana, Cinemark and others. It was started in 2010 and is present in 42 countries. GoCardless works with 50,000 businesses around the world, varying in size from large corporations to SMBs.