Recurring payments FinTech GoCardless has announced that it has signed a strategic partnership with Recurly, the platform powering subscription commerce.
The deal will enable the merchants using Recurly’s solutions to scale their international customer base across the Eurozone, the UK and the USA.
By doing so, Recurly also hopes to boost revenues whilst reducing the fees and associated with using other payment methods.
“Today’s businesses are increasingly turning to subscription-based models to retain a steady stream of revenue through recurring payments,” said Hiroki Takeuchi, co-founder and CEO of GoCardless.
“Through this partnership, Recurly merchants will be offered the option of accessing GoCardless’ powerful recurring payments platform which simplifies their payment processes, reduce costs, and increase 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.”
Dan Burkhart, CEO of Recurly, seemed equally excited, stating, “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.”
The news comes after GoCardless its new US debit solution in September. The new product will support debit payments on the Automated Clearing House network, meaning customers can pay by recurring bank payments instead of using a credit card. Customers can also use the debit payments for B2B transactions.
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