Top 5 GoCardless alternatives: compare fees, features & benefits

If you run a growing business, you’ll need a payment platform that will allow you to open local accounts in several currencies, seamlessly accept payments from international customers, and send money across borders without excessive fees.

Whilst GoCardless may be one of your options, you may like to consider its alternatives to see which one suits your needs best.

What is GoCardless? 

GoCardless is a financial technology company with a reputation for providing a secure payment pathway for SMEs and larger enterprises with recurring billing systems across multiple countries.

Headquartered in London, the company helps businesses send and receive payments directly by facilitating domestic, international, one-off, recurring and scheduled payments via Direct Debit and Instant Bank Pay. GoCardless also now offers open banking services, after acquiring Nordigen in 2022.

Since 2011, GoCardless has processed over $35billion in payments annually for thousands of organisations around the world, including Sage, TripAdvisor and Les Mills­¹.

GoCardless offers a tiered subscription model for Australian customers, with incremental features included. There are no monthly subscription costs and transaction fees start at 1% +40c.

The top alternatives to GoCardless

Here are the top alternatives to Payoneer

• Airwallex is a global financial technology company that offers a range of financial services, including international payments, multi-currency accounts, and Borderless Cards. As an Australian business, Airwallex aims to empower businesses of all sizes to drive their global growth through easy-to-use transaction solutions.

• Payoneer is a global fintech company that offers digital payment solutions. It enables businesses and professionals to send and receive funds, manage finances, and operate internationally. With Payoneer, users can handle cross-border payments and access global markets.

• PayPal has been a trusted payment gateway for over 20 years, serving the global community. It empowers eCommerce brands to process payments from credit cards, debit cards, and bank transfers.

• Stripe is a technology company that creates the economic infrastructure for the internet. It equips businesses with a comprehensive suite of payment processing tools and APIs to facilitate payment acceptance, payouts, and financial management online.

• Square is a financial services and mobile payment company that equips businesses with the means to accept payments, oversee sales, and optimise operations. Square is generally recognised for its portable card readers and innovative POS systems.

Compare the top 5 alternatives to GoCardless

Why choose Airwallex over GoCardless?

*These are Account-to-Account payments and not card payments.

What questions should I ask when choosing alternative providers to GoCardless?

With so many providers on the market, it can be tricky to find the right payment software for your business. But it matters; the time and money it takes to find a new provider and exit a contract can add up quickly.

Find out if GoCardless, or one of the alternatives we’ve mentioned in this article, is a good fit for your needs by finding out the answer to these 10 questions: 

• What industries and business sizes do you serve?

• Which countries and currencies do you support?

• What are your transaction fees?

• Are there any additional costs (FX fees etc)?

• What payment methods do you support?

• Do you offer tiered pricing or volume discounts?

• Do you offer recurring billing and subscription management features?

• How easy is it to integrate your platform with my business systems?

• How do you protect sensitive financial information?

• What kind of technical and customer support do you offer?

Final thoughts on alternatives to GoCardless

While GoCardless is a smart choice for domestic businesses that rely on recurring billing models, Airwallex can offer a more flexible, cost-effective solution for businesses with diverse and international payment needs.

As a cross-border payments specialist, Airwallex helps you accept payments in 160+ local payment methods in 180+ countries and collect and hold funds in 23 countries. If you need to convert to another currency, we offer transparent, competitive FX rates (Interbank rate + 0.5%-1%).

With GoCardless, you can only accept payments from 30+ countries and currency conversions are powered through third-party Wise. You’ll be charged 2%+ 40c to collect international transactions, plus you can only hold 8 currencies.

Sources

For more information on Airwallex, visit Airwallex Business Account and Airwallex pricing. 

1. https://gocardless.com/en-au/pricing/

2. https://gocardless.com/international-payments/

3. https://www.payoneer.com/about/pricing/#pay-your-supplier

4. https://www.paypal.com/au/enterprise/payment-methods

5. https://www.paypal.com/au/webapps/mpp/merchant-fees

6. https://stripe.com/au/pricing

7. https://stripe.com/au/pricing/local-payment-methods

8.  https://squareup.com/au/en/payments

9. https://squareup.com/au/en/pricing

Disclaimer: The information in this article is based on our own online research. Airwallex was not able to manually test each tool or provider. The information is provided for educational purposes only and a reader should consider the specific requirements of their business when evaluating providers. This research is reviewed annually. If you would like to request an update, feel free to contact us at [[email protected]].

The Airwallex Yield Liquidity Fund (Yield) is issued by K2 Asset Management Limited (K2) (ABN 95 085 445 094, AFSL No 244393), a wholly owned subsidiary of K2 Asset Management Holdings Limited. This information doesn’t take into account your objectives, financial situation, or needs. Read the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for Yield, available at www.airwallex.com.au/terms from Airwallex Capital Pty Ltd (ABN 37 609 653 312, AFSL No. 549026). All investments carry risk.