Bank payment company GoCardless announced a partnership with Optty, a payments API platform, to help businesses in Australia to simplify their payment processes, “operate more efficiently, and scale with ease.”
This will allow customers to collect bank payments directly within the Optty platform, without the “need to build their own integration or manage multiple providers.”
As a result, merchants can collect recurring payments “around the world through GoCardless, with Direct Debit in over 20 countries and 7 currencies.”
Kyle Willersdorf, Account Director, Australia and New Zealand at GoCardless, said:
“With this integration, customers can avoid the headaches of managing multiple providers to save time, reduce costs, and open up new opportunities.”
Steven Ritchie, Interim CEO of Optty, said:
“Together we can help businesses simplify their payments in a way that meets their ever-evolving needs. Because Optty is a global payments infrastructure platform, we want to support and grow the demand for adaptable and cost-effective payment solutions. This collaboration ensures our joint partners and merchants will always have access to cutting-edge solutions through two platforms with global reach.”
As noted in the update, GoCardless is a global bank payment company.
Nearly 100,000 businesses, “from start-ups to household names, use GoCardless to collect and send payments through direct debit, real-time payments and open banking.”
GoCardless reportedly processes “$130bn+ of payments annually across 30+ countries; helping customers collect and send both recurring and one-off payments, without the chasing, stress or expensive fees.”
They claim to use data and insights to “improve payment success, reduce fraud and, with open banking connectivity to over 2,500 banks, help our customers make faster, more informed decisions.”
They are headquartered in the UK, with additional “offices in Australia, France, Ireland, Latvia and the United States.”
As mentioned in the announcement, Optty’s API integration, requires no further development “for any payment methods to be enabled, saving thousands of development hours for partners and merchants.”
Providing a 3 level hierarchy structure for partners allows transparency and control “across the integration for merchants with features of reporting, onboarding, transaction monitoring and customizable checkout widgets all available for partners and merchants to create a superior experience for their consumers.”