London & Zurich vs GoCardless

London & Zurich

• Who are they for?

• London & Zurich works for organisations prioritising cost-effectiveness. If managing refunds and swift settlement times aren’t your top concerns, and you’re looking to place cost over your admin and end-user experience, then this basic option could work for your organisation.

• Settlement for first payment – 10 working days

• Settlement time for subsequent payments – 6 working days

• No refunds through the system

• Cancel payment collections via LoveAdmin up until midnight on the same day the request was created

• Read-only online dashboard

• Payment status updates every 24-hours

• 1-2 weeks onboarding setup process

• Fees per transaction:
  No additional cost (inclusive in the LoveAdmin fee)

GoCardless

• Who are they for?

• GoCardless is the ideal option for organisations that want fast settlement times, detailed financial reporting, and the flexibility of offering refunds. GoCardless provides customers and end-users with a smooth experience from checkout to managing day to day operations.

• Settlement for first payment – 6 working days

• Settlement time for subsequent payments – 5 working days

• Ability to issue full, and partial refunds (v2), through the system

• Cancel payment collections via LoveAdmin up until 4pm the day after the request was created

• Full read/write dashboard access giving accurate and up-to-date reporting

• Continual payment status updates

• Instant setup, you just need to create a GoCardless account

• Fees per transaction:
  Benefit from 90 days fee free for new GoCardless accounts.
  Standard rate: 1% + 20p. 25% discount available for charities and not-for-profits. Full details on pricing can be here.