We’re backing small business owners and the self-employed to help you get paid sooner. Late payments in the UK have spiralled out of control. The implications of this trend are far reaching, as small businesses are already grappling with rising energy costs, inflation and an overall cost of living crisis. Late payments are stretching small businesses to their limits, exacerbating an already challenging economic environment.
GoCardless provides simple and secure direct bank payments to over 85,000 businesses worldwide – from sole traders and small businesses to familiar household names. Their mission is to offer businesses a better way to collect recurring and one-off payments, helping them to get paid on time, every time.
GoCardless are providing FSB members with an exclusive 12-month discount, helping more small businesses to manage their payments with ease. Whether you’re a new business or thinking of growing, click below to learn more about the offer and how GoCardless can support you.
Setting up with a simple payment process goes a long way to getting you paid on time.
Find out more about bank payment methods and how automated payment processes can help prevent late payments.
Direct Debit benefits businesses by automating payments, giving you control over cash flow, minimising failed payments, reducing admin time, and allowing for flexible pricing without needing customer intervention.
Struggling with payments? Inefficient methods can waste time and money. GoCardless streamlines collections, saving you both.
Direct Debit payments are a reliable payment method that automate payment collection, saving you time and money. It's suitable for one-off, recurring, and variable payments, and helps reduce late payments and manual admin.
Tired of chasing late payments and wasting precious time on manual bookkeeping? Discover how automated payments can simplify your financial life and boost your business's bottom line.
Simplify your payments and boost your business. Discover how GoCardless helped businesses like Ignite and Coventry Swimming Club streamline their operations, reduce late payments, and increase revenue. Discover the power of automated payments for your business.
Whether it’s a missed invoice or you’re facing the tactics of a repeat late payer, our experts at FSB Debt Recovery share their tips and advice to help you get paid sooner.
If you’ve lost count of how many reminder letters you’ve sent and phone calls you’ve made to chase late payments, learn more about the legal action you can take to recover debts.
Client not paying? Learn about the debt recovery process and the steps you can take to recover money owed to your small business.
Sadly, late payments can be a big issue for small businesses, but there are steps you can take to deal with them and mitigate the effects.
In our award-winning Fair Pay, Fair Play campaign, we highlighted how late payments are affecting small businesses across the UK. The Government has been proactive in attempting to end the worst kinds of poor payment practices, responding to FSB asks and tightening up the Prompt Payment Code to get big companies to pay small partners on time.
In 2023, we highlighted how thousands of small businesses are being held back not by a lack of ambition but by a systemic poor payment culture.
In 2020, we examined how the pandemic was impacting payments terms. 62% of small businesses experienced an increase in late payments and/or had payments frozen completely.
We’re a proud supporter of the Good Business Pays movement as part of our ongoing campaigning for shorter payment terms. Make a difference by signing up today.
