Xero has been pushing it’s integration with GoCardless for a couple of years now. It does many of the things that uCollect does (although we’ve been doing it much longer). But at 1% of the transaction value (up to $4) it can be a very expensive option. It’s not bad if you only do one or two transactions a month, but it doesn’t take much to be very expensive.

uCollect has partners for Direct Debits in NZ, Australia, US, Canada and UK. We can offer affordable alternatives than GoCardless in almost every scenario.

For example, a small accounting practice in Canada uses uCollect with our Pre-Authorized Debit partner, Forte Payments. Forte charges a $10/m statement fee plus around 30c per debit/credit. We ran the numbers with them. In April they processed $25K worth of invoices through Pre-Authorized Debits (65 invoices). Their total cost (including uCollect subscription) were $59. Had they processed the same transactions through GoCardless it would have cost $183 – that over 67% less! Imagine the savings if you were processing more!

Plus, by using uCollect you get many extra features such as installment plans, automatic payments, manual control of invoices, etc. Contact us today if you want to explore what your costs might be by using uCollect.