European direct bank card acquirer Ecommpay has chosen GoCardless’ white label integration to add direct debit to its payment offering.
By integrating GoCardless ‘Embed’, Ecommpay merchants will be able to tap into direct debit capabilities in more than 25 countries, helping them to grow in their existing markets, expand into new verticals and launch use cases where bank payments are preferred.
Ecommpay’s new direct debit product, enabled via white-label integration of GoCardless Embed, will be available in the first quarter of 2024.
Arthur Ribakovs, director of financial partnerships at Ecommpay, said: “We are, therefore, very excited to enable card payments, Open Banking and now direct debit transactions all together through our own unified platform, making us even better suited to fit our merchants’ needs and wants.”
He added: “We are also continuing to form strong partnerships to offer the very best service for our merchants, whether that’s expanding our Open Banking offering, or now partnering with GoCardless for direct debit capabilities.
“Through Embed’s single integration, we can enhance our market-leading payments suite and continue to meet and exceed our customer’s expectations for payment choice internationally.”
Recent research by GoCardless found that 35% of businesses want their payment service provider (PSP) to offer direct debit, while 27% want them to offer Open Banking or other bank payment options.
In addition, 31% of merchants would be willing to pay more for a wider range of payment methods.
“Gaining access to a wide range of payment methods is now a top priority for businesses, so PSPs need to keep up,” said Deepak Colluru, director of product management for GoCardless Embed.
“By adding direct debit to its platform and diversifying payment choice, Ecommpay is staying ahead of the curve.”
Colluru added: “We’re proud to support Ecommpay through GoCardless Embed, increasing its speed-to-market as it broadens its offering. And we’re even more excited to bring the benefits of bank payments to thousands of businesses, helping them to win and retain customers, save time and money, and get paid on time.”