GoCardless

GoCardless offers a direct debit solution that directly connects merchants to banks, enabling them to bypass the high fees and failure rates associated with cards and digital wallets. It claims to reduce the cost to merchants of taking payments by 56%. It claims a 2.9% failure rate, and integrates automated payment recovery and fraud prevention. GoCardless offers direct bank-to-bank payments as an alternative to cards and their substantial fees, slow networks, and high failure rates.