Instant Bank Pay is our latest feature for GoCardless users. It enables you to request a payment from your new or existing customers and have the funds collected almost immediately following approval by your customer.
|Please note: Instant Bank Pay is currently only available if you’re based in the UK and have customers paying you in GBP.|
Overview of Instant Bank Pay
Instant Bank Pay is designed to complement bank debit using open banking. These bank-to-bank payments are confirmed instantly, which means better visibility for you and your customers.
Instant Bank Pay can be used to collect funds for additional services or to collect an initial payment before regular Direct Debit collections begin.
Once your customer completes the billing request, you will receive instant confirmation in your dashboard or API. Payments made before 11am on business days will reach your account on the same day, otherwise, it takes up to one business day.
Please note: Payments made after 6pm will be processed the following working day.
Instant Bank Pay for merchants using a partner software / API users
Merchants using a partner software
In order to use Instant Bank Pay or the Billing Requests API, your partner will need to have built the integration. Once the feature has been integrated, you should see the feature in your partner's platform.
GoCardless API users
Instant Bank Pay is available for some merchants via the Billing Requests API. Please contact firstname.lastname@example.org to learn more.