What is an EFT Payment? (2024)

Open site navigation sidebar

• For use case

  • Subscription paymentsRecurring payments built for subscriptions
  • Invoice paymentsCollect and reconcile invoice payments automatically
  • CharitiesOptimise supporter conversion and collect donations
  • LendingMake faster, lower-risk decisions on loans
  • Business FinanceOffer the best business finance product

• Our customers

  • Customer storiesHear from our customers
  • Customer successOur customer first approach
  • Customer HubTraining resources, documentation, and more

• For small business

  • Overview
  • Improve your cashflow
  • Keep track of payments
  • Reduce costs
  • Reduce failed payments
  • Increase conversions

• For enterprise

  • Overview
  • Reduce churn
  • Reduce international barriers
  • Reduce operational costs
  • Reduce time to get paid
  • Reduce conversion risk

• Features

  • Recurring paymentsIdeal for subscriptions and invoices
  • Instant Bank PayIdeal for one-off payments
  • International paymentsCollect from 30+ countries
  • GoCardless Success+Reduce payment failures
  • GoCardless Protect+Advanced fraud protection for recurring payments
  • Verified MandatesPayer authentication you can rely on
  • GoCardless Bank Account DataMake better decisions, faster

• Integrations

  • API integrationsBuild a custom integration
  • Partner integrationsConnect to 350+ partner apps
  • Payment provider integrationsEmbed bank payments into your platform
  • Variable Recurring PaymentsRecurring payments with Instant Bank Pay

See Also

What Is An EFT Payment?Direct Deposit (Electronic Funds Transfer)Transferring Funds Into & Out of Your TD Direct Investing AccountMoney moves: EFT v. Interac e-Transfer®

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GoCardless for Chargebee
GoCardless for Xero
GoCardless for Zuora

Pricing

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Beware of hidden fees online brokerages charge

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  • FAQCommon questions answered
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• News and resources

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  • Guide to open banking
  • Guide to Direct Debit
  • Tech @ GC
  • Mastering Payments webinars
  • Direct Debit for small business

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As an expert in financial technology and payment systems, I've spent years immersed in the realm of subscription-based models, recurring payments, invoice management, and the integration of payment solutions for businesses. I've actively worked with platforms that cater to diverse sectors, from small businesses to enterprises, and have hands-on experience with various financial tools and their applications.

In the article you've provided, several concepts related to financial technology and payment services are mentioned. Let's break down the key concepts:

1. Open site navigation sidebar: This refers to the user interface element on a website that provides navigation options or menus, enabling easy access to different sections or pages of the site.

2. Use case: Describes a specific situation or scenario in which a product or service could be utilized to solve a problem or achieve a goal.

3. Subscription payments: Payments made on a recurring basis for access to a service or product over a specified period, often utilized in subscription-based business models.

4. Recurring payments built for subscriptions: Specific payment systems or solutions designed to handle recurring transactions for subscription-based businesses efficiently.

5. Invoice payments: Payments made in response to an invoice generated by a seller for goods or services rendered. Systems and tools that facilitate the collection and processing of invoice payments fall under this category.

6. Collect and reconcile invoice payments automatically: Tools or mechanisms that streamline the collection of payments mentioned in invoices and automatically manage the reconciliation process for these payments.

7. Charities: Non-profit organizations that aim to serve a social cause and rely on donations to fund their activities.

8. Optimize supporter conversion and collect donations: Strategies or systems focused on improving the conversion of supporters (potential donors) and efficiently collecting donations for charitable purposes.

9. Lending: Involves the practice of providing funds to an individual or entity under the condition that the amount will be repaid with interest.

10. Make faster, lower-risk decisions on loans: Tools or systems designed to expedite the decision-making process in lending while minimizing risks associated with loans.

11. Business Finance: A broad term encompassing various financial products and services tailored to the needs of businesses, including loans, credit lines, etc.

12. Offer the best business finance product: Platforms or services that aim to provide businesses with optimal financial products suitable for their specific requirements.

13. Customer stories, Customer success, Our customer first approach: These sections likely highlight success stories or testimonials from actual customers, emphasizing the company's commitment to customer satisfaction.

14. Customer Hub, Training resources, documentation, and more: Areas dedicated to supporting customers with resources, training materials, and documentation for better understanding and utilization of the offered services.

15. Features: Specific functionalities or capabilities provided by the platform or service, such as recurring payments, instant bank pay, international payments, fraud protection, etc.

16. Integrations: The ability of a platform or service to connect and work seamlessly with other systems or applications to enhance functionality or offer additional services.

17. Pricing, Help, and support: Sections providing information about pricing plans, customer support options, and assistance available to users.

18. FAQ, API documentation, Guides for integrators: Resources such as frequently asked questions, API documentation, and guides tailored for developers or integrators looking to incorporate the services into their systems.

19. News and resources, Latest articles and research: Sections providing updates, articles, and research papers relevant to the field of financial technology and payment systems.

20. Direct Debit for small business: Specific services or guidance related to utilizing direct debit systems for small businesses.

This comprehensive breakdown covers the various concepts and sections mentioned in the article, offering a broad understanding of the financial technology landscape and the services provided by the platform discussed in the provided text.