GoCardless works with FSB to help its members tackle late payments          

GoCardless, a bank payment company, has agreed a new partnership with the Federation of Small Businesses (FSB) to offer its members practical tips and advice to help address late payments.

As headline sponsor of the FSB GoCardless Late Payments Hub, GoCardless will provide information and guidance to help FSB members take control over when and how they get paid. FSB members will also benefit from cost savings and support when signing up to GoCardless, subject to eligibility criteria. 

FSB campaigns for measures to curb poor payment practices by large companies to small businesses. Research released last year by FSB revealed that over half of the 5.5 million small businesses operating in the UK suffered from late payments in 2022, with a quarter reporting an increase in late payments. The study showed 37% of small businesses took on credit to manage their cash flow.