Cision PR Newsire
GoCardless, a global leader in direct bank payments, has launched GoCardless Embed, a new integration for third party payment providers to access its global bank payment network and reap the benefits of bank-to-bank payments.
GoCardless Embed, which comes white labelled as standard, allows payment providers to integrate GoCardless’ global bank payment network straight into their platform through a single, simple API that provides access to:
– bank payment schemes in the UK, Eurozone and US, with more to come in the near future
– end-to-end payment processing capabilities for bank-to-bank payments including reconciliation, mandate management, reporting and refunds
– open banking-powered features, including instant one-off and recurring payments in the UK and account verification and fraud prevention across the three markets
GoCardless Embed allows providers to tap into the burgeoning account-to-account market, valued at around USD 225 trillion in transaction volumes worldwide*, and expand their total addressable market to new verticals and use cases where bank payments are preferred.
It’s a fast and easy way for third party payment providers to increase revenue through expanding the range of payment methods they offer, keeping their merchants in-platform. GoCardless Embed also slots seamlessly into their existing solution, meaning payment providers retain complete control over the customer experience.
By adopting GoCardless Embed, they also benefit from increased efficiency, tapping into a worldwide network that took years to build in just a matter of weeks. The integration will give them an end-to-end bank payment solution that provides merchants and their payers all the benefits of bank payments, without any of the complexity traditionally associated with introducing and managing the payment method.