GoCardless is an external provider that processes regular payments on behalf of Steady. Steady cooperates with the GoCardless, which is located in London, because their service works really well. It operates in strict compliance with data protection regulations. They charge a 1% fee, compared to PayPal which currently costs 1.9% plus 0,35€ per transaction. The transaction costs are of great importance for Steady publishers, because they bear these costs.
GoCardless is authorized by the Financial Conduct Authority (FCA), the British financial regulator, to provide financial services.