GoCardless & Intuit Launch US, AUS Apps to Support SMEs

Bank payment company GoCardless has extended its partnership with Intuit QuickBooks by launching apps in the US and Australia

Leading payments company GoCardless has expanded its partnership with Intuit QuickBooks by introducing a GoCardless app in the Intuit QuickBooks Marketplace in both the US and Australia. 

Launching two new apps in these regions will enable 225,000 QuickBooks users to leverage Direct Debit, reducing late payments and improving cash flow. 

The deal expands upon GoCardless and Intuit QuickBooks’ existing partnership in the UK and Ireland, which has been in place since 2016.

GoCardless & Intuit: In support of SMEs

A favourite among SMEs, Intuit QuickBooks’s latest partnership expansion with GoCardless will support its clients in gaining greater control over their finances. 

Leveraging GoCardless’s technology, QuickBooks clients can collect payments from their customers with automatic invoicing, the date that payment is due. Funds are collected directly from customers’ bank accounts and reconciled on the QuickBooks platform. 

By using Direct Debit payments, SMEs in the US and Australia can now accrue fewer processing fees when compared to credit card payments. 

This allows SMEs to offer their own customers a more seamless and safe payments experience, removing the need for updating card details and initiating manual bank transfers. 

Both partners are confident this significantly reduces the risk of customer churn and failed and/or late payments. 

The financial needs of SMEs have been more pronounced in recent times thanks to macroeconomic uncertainty. GoCardless and Intuit have now furthered efforts to support the payments needs of these small businesses.

Seb Hempstead, VP of Partnerships at GoCardless, says: “Our partnership with Intuit Quickbooks is one way we can make life easier for small businesses in this tough economic environment. 

“By reducing late and failed payments – plus the associated admin – and enabling automatic reconciliation, we can free up cash flow and keep costs down. This means that SMBs can spend more time growing their business.

“We’re excited to launch our apps in Australia and the US. Not only does this build on our long-standing relationship with Intuit QuickBooks, but it also underscores our commitment to bringing the benefits of bank payments to small businesses everywhere.” 

GoCardless’s US and Australian expansion comes after its agreement to acquire Nuapay from EML Payments in March this year, as part of an accelerated strategy to scale its indirect channel proposition as a key payments provider to existing and new customer segments.

Now, its expansion with Intuit is another step on its accelerated expansion mission, deepening its presence in both the US and Australia. 

**************

Make sure you check out the latest edition of FinTech Magazine and also sign up to our global conference series – FinTech LIVE 2024

**************

FinTech Magazine is a BizClik brand.

Share

Featured Articles

FinTech LIVE New York – Reasons to Attend

Returning June 2024, FinTech LIVE New York will be the ultimate event to connect the world’s influential fintech leaders in North America

FinTech LIVE New York – One Month to Go!

Just one more month to go until FinTech LIVE New York, don’t miss out on attending the ultimate virtual event for fintech leaders in North America

The Global FinTech Awards: The Categories – Part 3

Discover the awards that your company, executive or project could be honoured with at The Global FinTech Awards 2024

SUBMISSIONS EXTENSION: The Global FinTech Awards 2024

Tech & AI

Joel Perlman, Co-founder, OakNorth joins FinTech LIVE London

Financial Services (FinServ)

The Global FinTech Awards: The Categories – Part 2

Financial Services (FinServ)