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Capital on Tap Selects GoCardless for Variable Recurring Payments
Capital on Tap, a leading all-in-one small business credit card and spend management platform, has selected bank payment company GoCardless to provide Variable Recurring Payments (VRPs) through its open banking feature, Instant Bank Pay. This expands a relationship which began in 2014, when Capital on Tap first selected GoCardless for Direct Debit.
Capital on Tap will use GoCardless to collect both one-off and recurring payments, enabling them to offer greater payment flexibility to their small business customers. Capital on Tap customers will be able to repay their credit cards on a monthly basis using Direct Debit, and have the option to make weekly repayments and recurring payments for variable amounts through open banking.
Damian Brychcy, CEO of Capital on Tap, said: “We’ve worked with GoCardless for over a decade, collecting more than £2.5bn in Direct Debits with over £15m saved in card fees. Given these successes, it made sense to choose GoCardless for open banking payments — not only building on our strong relationship but also benefitting from the convenience of collecting both recurring and ad hoc payments through one trusted provider. VRPs will bring significant benefits to our customers, enhancing their payment timings, providing ultimate flexibility in how they spend and pay, and providing a better overall user experience.”
Pat Phelan, MD UK&I and Chief Customer Officer at GoCardless, said: “We’re excited to expand our relationship with Capital on Tap by becoming its open banking payment provider. This is a great example of VRPs doing exactly what they were designed to do — helping people and businesses move, manage and make more of their money — and we’re proud to support Capital on Tap as it rolls out this innovative technology.”
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Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Getnet Develops Infrastructure That Enables Businesses to Accept AI Agent-Initiated Payments
Getnet continues to advance its agentic commerce strategy with the launch of new artificial intelligence-powered capabilities that enable merchants to securely and efficiently accept payments initiated by AI agents
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Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Dojo Launches UK’s Most Advanced Payments Terminals, Set to Deliver Unrivalled Performance, Speed and Reliability for High Street Businesses
Dojo today unveils Dojo Go Max, its most advanced payment terminal yet, designed to help UK businesses take payments even more quickly, reliably and confidently when it matters most.
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Telda and Mastercard have joined forces to introduce a new integrated solution in Egypt, seamlessly connecting everyday payments and investment wallets within the Telda app, marking a major step toward a fully unified digital ecosystem.