GoCardless and Sage extend longstanding partnership

OpenBankingExpo
10 Apr 2024

Bank payment company GoCardless has renewed and expanded its six-year partnership with Sage, which provides accounting, financial, HR, and payroll technology to small and mid-sized businesses (SMBs).

The extension of the collaboration will allow GoCardless to expand its market reach and provide bank payments to more businesses within Sage’s customer base, via an integration with Sage’s flagship cloud accounting solutions for SMBs – Sage Accounting and Sage Intacct.

Through Sage Intacct, GoCardless can tap into the company’s extensive customer base in North America and Australia for the first time, and extend its reach to corporate and enterprise merchants using Sage Intacct in the UK and Europe.

In turn, millions of Sage’s SMB customers globally will have access to GoCardless’ direct debit and Open Banking payment capabilities, enabling those businesses to manage one-off and recurring payments, while reducing manual admin.

Additionally, using bank payments through GoCardless can help businesses avoid the fees and “high rates of payment failure” that are commonly associated with traditional card payments.

Seb Hempstead, vice president of partnerships at GoCardless, said: “By combining Sage’s industry-leading technology with our expertise in bank payments, we can help millions of merchants reclaim their time and money, so they can stress less and get on with growing their business.

“The new agreement also represents a huge strategic opportunity, giving us more exposure to corporate and enterprise businesses in all of the markets where we operate.”

The GoCardless integration is now live for Sage Accounting customers in the UK and for Sage Intacct customers in the US, Canada, UK, and France.

Chip Mahan, global head payments and banking at Sage, added that the renewal of the partnership brings “innovative payment solutions” directly into Sage Intacct and Sage Accounting.

“This collaboration is more than just expanding our product capabilities; it’s about delivering real value to businesses, enabling secure, streamlined financial processes, and fostering growth in new and existing markets. Our combined efforts will provide customers with a seamless payment experience, demonstrating our ongoing commitment to supporting their success,” said Mahan.

Earlier this year, Dyce Energy, which provides gas and electric to UK businesses, extended its six-year partnership with GoCardless to collect recurring payments through Direct Debit, for another three years.