GoCardless vs Mollie: What are the differences?

1. Integration Process: One key difference between GoCardless and Mollie is the integration process. GoCardless offers a more streamlined integration process, making it easier and faster for businesses to start accepting payments through their platform. Alternatively, Mollie's integration process may require more technical knowledge and effort, potentially making it more time-consuming for businesses to get up and running.

2. Supported Payment Methods: Another notable difference between GoCardless and Mollie is the range of supported payment methods. GoCardless specializes in bank debit payments (Direct Debit), allowing businesses to collect recurring payments from customers' bank accounts. On the other hand, Mollie provides a wider variety of payment methods, including credit cards, alternative payment methods like PayPal and Klarna, and even cryptocurrency. This broader range of payment options can be beneficial for businesses aiming to offer more flexibility to their customers.

3. International Coverage: GoCardless and Mollie also differ in terms of their international coverage. While both platforms support payments in multiple countries, GoCardless has a stronger global presence, with availability in more than 30 countries across Europe, North America, and Australasia. Mollie, in comparison, primarily focuses on European markets and supports payments in 36 European countries. Therefore, for businesses with a wider international customer base, GoCardless may provide a more extensive reach.

4. Pricing Structure: When it comes to pricing, GoCardless and Mollie have different fee structures. GoCardless operates on a transaction-based pricing model, where businesses pay a fixed fee per transaction processed through their platform. Mollie, however, has a more complex pricing system, incorporating various factors such as transaction volume, payment methods used, and the country where the payment originates. This distinction in pricing structures means businesses should carefully consider their payment processing needs and expected usage to determine which platform offers a more cost-effective solution for their specific circumstances.

5. Supported Currencies: Another significant difference between GoCardless and Mollie lies in the range of supported currencies. GoCardless supports payments in a limited number of currencies, mainly focusing on major currencies like USD, EUR, GBP, and CAD. In contrast, Mollie has a broader currency offering, enabling businesses to accept payments in over 100 currencies. This currency versatility can be advantageous for businesses with a diverse customer base and international operations.

6. Additional Features and Services: Finally, GoCardless and Mollie also differ in terms of additional features and services they offer. GoCardless provides advanced features like subscription management, recurring payments, and intelligent retries, which can be particularly useful for businesses with subscription-based models. Mollie, on the other hand, offers additional services beyond payment processing, including invoice management, digital invoicing, and comprehensive reporting tools. This broader range of supplementary services can cater to the diverse needs of businesses, providing them with more comprehensive solutions.

In Summary, GoCardless offers a streamlined integration process, specializes in bank debit payments, has wider international coverage, operates on a transaction-based pricing model, supports a limited range of currencies, and provides advanced subscription management features. In contrast, Mollie offers a more extensive range of payment methods, primarily focuses on European markets, has a complex pricing structure, supports over 100 currencies, and offers additional services beyond payment processing.