As businesses and individuals seek efficient and reliable payment solutions, many find themselves weighing the options between Amazon Pay and GoCardless. This article aims to provide a comprehensive overview of both services, comparing their features, pricing structures, and overall usability to help you determine which payment solution best meets your needs.
A quick overview on Amazon Pay and Gocardless
What is Amazon Pay?
Amazon Pay is a digital payment service developed by Amazon, designed to provide a seamless and secure payment experience for both consumers and businesses. It functions as an online payment gateway, enabling merchants to accept payments from customers who utilize their Amazon account credentials, supporting various payment methods including credit and debit cards.
Amazon Pay is commonly used for e-commerce transactions, allowing customers to complete purchases using their Amazon account information, and for voice-activated purchases through Alexa-enabled devices. Unique features include fraud protection and seamless integration with various e-commerce platforms, enhancing the overall shopping experience.
What is Gocardless?
GoCardless is a financial technology company that specializes in bank-to-bank payment solutions. Established in 2011, it focuses on recurring payments, Direct Debit processing, and Open Banking, allowing businesses to collect payments directly from customers' bank accounts.
Unique benefits of GoCardless include lower processing fees compared to traditional card payments and seamless integration with over 350 software partners like Xero, Sage, and QuickBooks. It is particularly useful for businesses managing recurring payments, such as subscription services and membership organizations.
Pricing of Amazon Pay and Gocardless
Amazon Pay operates on a straightforward transaction-based fee structure. For domestic transactions, merchants are charged 2.9% of the transaction amount plus a $0.30 authorization fee. Cross-border transactions incur a higher processing fee of 3.9% plus the $0.30 authorization fee. There are no monthly or setup fees, and merchants can cancel at any time without penalty.
GoCardless offers a tiered pricing model with different plans. The Standard Plan charges 1% + £/€0.20 per transaction, capped at £/€4 for domestic transactions. The Advanced Plan costs 1.25% + £/€0.20 per transaction, capped at £/€5. The Pro Plan is priced at 1.4% + £/€0.20 per transaction, capped at £/€5.60. International transactions have higher fees, and additional charges apply for refunds, chargebacks, and failed payments.
GoCardless generally offers lower transaction fees compared to Amazon Pay, making it more cost-effective for businesses processing large volumes of transactions.
Features of Amazon Pay and Gocardless
Amazon Pay features
Amazon Pay offers a range of unique features that cater to both consumers and businesses, enhancing the overall payment experience:
- Seamless Checkout: Allows customers to use their Amazon account information for quick and easy purchases on third-party websites.
- Voice Payments: Enables voice-activated purchases through Alexa-enabled devices, providing a hands-free shopping experience.
- Fraud Protection: Includes robust fraud detection and prevention measures to safeguard transactions.
- Express Payout: Offers quick payment processing, including weekends, ensuring faster access to funds for merchants.
- Buy with Prime: Provides fast, free delivery options, leveraging Amazon's extensive logistics network to enhance customer satisfaction.
Gocardless features
GoCardless offers a range of unique features that cater to both businesses and consumers, enhancing the overall payment experience:
- Cost Savings: No card fees and reduced payment costs by 56% through ACH Pull payments.
- Speed: Faster payment processing, with funds received in as little as 2 days.
- Automation: Reduced administrative tasks through automated payment collection and reconciliation.
- Security: Enhanced security by eliminating physical payment methods, reducing fraud risks.
- Global Reach: Ability to collect payments from over 30 countries with in-built FX at the real market rate.
Comparing Amazon Pay, Gocardless and OneSafe
Why choose one over the other?
- Why Choose Amazon Pay Over GoCardless: Amazon Pay leverages the trust and familiarity of the Amazon brand, making it a reliable choice for consumers. Its seamless integration with various e-commerce platforms and the ability to use stored Amazon account credentials simplify the checkout process, potentially reducing cart abandonment rates. Additionally, features like voice-activated purchases through Alexa devices and robust fraud protection enhance the overall shopping experience.
- Why Choose GoCardless Over Amazon Pay: GoCardless offers significant cost savings with lower transaction fees compared to traditional card payments, making it ideal for businesses managing large volumes of recurring payments. Its focus on bank-to-bank transactions eliminates card fees and automates payment collection, reducing administrative tasks. Furthermore, GoCardless provides advanced security measures and integrates seamlessly with over 350 software partners, enhancing workflow efficiency for businesses.
Considering OneSafe vs Amazon Pay and Gocardless
- Why Choose OneSafe Over Amazon Pay and GoCardless: OneSafe is uniquely designed for businesses in the Web3 and crypto sectors, offering seamless USD to USDC conversion on Polygon for instant, borderless transactions. Unlike Amazon Pay and GoCardless, OneSafe provides end-to-end expense and payroll management, making it an optimal choice for global teams needing reliable, adaptive banking solutions.
What are the customers saying?
Amazon Pay reviews
Customer reviews of Amazon Pay present a mixed sentiment. Many users express dissatisfaction with customer service, citing difficulties in contacting support and resolving disputes. Issues such as unauthorized account suspensions and payment delays are also commonly mentioned. Check out more Amazon Pay reviews here.
Gocardless reviews
Customer reviews of GoCardless reveal a range of user experiences. Many users report issues such as unexpected account closures, poor communication, and difficulties with customer support. Additionally, delays in accessing funds and challenges with the verification process are commonly mentioned. Check out more GoCardless reviews here.
OneSafe reviews
Customer reviews of OneSafe highlight the platform's exceptional customer support, ease of payroll processing, and ability to simplify complex banking tasks for Web3 companies. Users consistently praise the seamless USD to USDC conversion on Polygon, which facilitates instant, borderless transactions, and the end-to-end expense and payroll management features that streamline financial operations for global teams.
Notable feedback includes:
- “OneSafe has the best customer support I've ever experienced from a bank.” - Amit Chu, Investments @ Celo Foundation
- “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.” - Marco, CEO of Ensuro
Want to learn more? Check us out here.
Amazon Pay, Gocardless, or OneSafe: Which is the best platform for you?
In conclusion, whether you choose Amazon Pay, GoCardless, or OneSafe, each platform offers unique benefits tailored to different business needs. However, for those in the Web3 and crypto sectors, OneSafe stands out with its seamless USD to USDC conversion and comprehensive expense and payroll management. We believe OneSafe provides the most adaptive and reliable banking solutions for global teams. Explore more about OneSafe and see how it can transform your financial operations.
