UK-based business banking platform Tide has inked a partnership with GoCardless, a global leader in recurring payments, to launch a invoice payments via direct debit service.
The service is created with the aim to help small businesses fight back against late payments, something over 60% of small businesses regularly struggle with.
The new Tide and GoCardless collaboration is designed to give small business owners more control over when they are paid, helping them to get paid faster, as well as cutting the stress and wasted time out of chasing payments.
“We are extremely excited to be working with GoCardless to provide such an important service to Tide members,” said Oliver Prill, CEO at Tide. “Being able to set up Direct Debit payments for invoices will be game changing for our members,? making the payment process quicker and smoother for both the? small business owner and customer.
“Tide’s mission is to help small business owners save time (and money) on their banking and admin and launching this service couldn’t be truer to that mission. Business owners should be spending time growing their businesses and building relationships with customers, rather than chasing them for payment. We look forward to rolling out this service with the GoCardless team and giving time back to our members.”
Hiroki Takeuchi, CEO at GoCardless, added, “Our mission is to take the pain out of getting paid so that businesses can focus on what they do best. This is more important than ever in today’s economic climate, and our partnership with Tide will help make this a reality for many more small businesses. Tide members will now be able to automate both the invoicing and payment process, putting them in control of their payments and improving cash flow. We believe that this partnership will help small businesses thrive.”
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