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Direct Debit API for 1%; max £2

gocardless.com

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Re: Direct Debit API for 1%; max £2

#51

Post by hirokitakeuchi »

brador wrote: post #43

Questions: What shows on the bank statement? Is collective payment taken once a month or on a per transaction? When using a credit card, having a keylogger trojan on my comp is a minor deal. if I'm entering my bank details, it becomes huge. Am I covered? The UK is one of the financial scam hotspots of the world. CS told a family member it's why BB left the UK. This after the family member had an order for £5,000 wort…

Hey Brador, I'm one of the founders at GoCardless.

Consumers are covered - Direct Debits come with a very strong consumer guarantee. You can find out more about it here: http://www.thesmartwaytopay.co.uk/directdebitexplained/pages...

Re: Direct Debit API for 1%; max £2

#52

Post by hirokitakeuchi »

blibble wrote: post #38
eis wrote: post #23

Earlier quoted context omitted.

This is how a lot of payments are conducted in Germany. It's easy and secure for the customer as he can reverse fraudulent charges. What makes this different than providing websites with your credit card details?

liability in the UK is different: credit card transactions are heavily protected (you're guaranteed to get your money back), whereas direct bank transfers are vastly less protected (with the exception of direct debits). can you even have a one-off direct debit? I didn't think the system was really designed for that.

This is a common misconception about direct debits. Direct debits can be used to charge people varying amounts at varying frequencies (including one-offs).

Re: Direct Debit API for 1%; max £2

#53

Post by [deleted] »

blibble wrote: post #38
eis wrote: post #23

Earlier quoted context omitted.

This is how a lot of payments are conducted in Germany. It's easy and secure for the customer as he can reverse fraudulent charges. What makes this different than providing websites with your credit card details?

liability in the UK is different: credit card transactions are heavily protected (you're guaranteed to get your money back), whereas direct bank transfers are vastly less protected (with the exception of direct debits). can you even have a one-off direct debit? I didn't think the system was really designed for that.

[deleted]

Re: Direct Debit API for 1%; max £2

#54

Post by hirokitakeuchi »

mseebach wrote: post #31
balac wrote: post #9

Its a great idea, but will customers really be comfortable providing websites with their bank details in order to make a single purchase?

Presumably you'll set the direct debit up on the GoCardless service, and then authorise each payment through them. So just like a third-party credit card processor, the merchant never sees your details, just that the payment has been authorised.

This is exactly how our service works. We never share your banking information with anyone.

Re: Direct Debit API for 1%; max £2

#56

Post by nodata »

hirokitakeuchi wrote: post #51
brador wrote: post #43

Questions: What shows on the bank statement? Is collective payment taken once a month or on a per transaction? When using a credit card, having a keylogger trojan on my comp is a minor deal. if I'm entering my bank details, it becomes huge. Am I covered? The UK is one of the financial scam hotspots of the world. CS told a family member it's why BB left the UK. This after the family member had an order for £5,000 wort…

Hey Brador, I'm one of the founders at GoCardless. Consumers are covered - Direct Debits come with a very strong consumer guarantee. You can find out more about it here: http://www.thesmartwaytopay.co.uk/directdebitexplained/pages...

Brador, can you answer his other two questions?

Re: Direct Debit API for 1%; max £2

#57

Post by hirokitakeuchi »

mattmanser wrote: post #5
alexchamberlain wrote: post #4

Earlier quoted context omitted.

I don't think this is a bad thing - there are plenty of British only websites, and IMHO, too many US-only payment solutions.

Far, far too many. If they've done this right then this is excellent! This has been such an obvious gap in the market too, I'm glad someone's tackling it.

Thanks mattmanser.

Hopefully you'll like our implementation. We are working hard to make sure it's done right.

Re: Direct Debit API for 1%; max £2

#58

Post by jentulman »

This looks like great news. Hirokitakeuchi could you describe what the payment flow would be like for me as a merchant if my customer has never encountered GoCardless before? Until you gain some traction I'm wondering where perceptions of trust on the part of my customer might be affected by their interactions with GoCardless during a payment.

[edited for grammar]

Re: Direct Debit API for 1%; max £2

#59

Post by ashconnor »

Although I like the idea aslong as banks charge anything up to £40.00 for a failed direct debit I can't see it catching on. If there's not enough funds in Paypal it will just bounce the payment with no charge (providing you aren't funding your account with your bank account).
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