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Oxyile Editorial

GoCardless and automated EMI collections explained

25 Apr 2026

After dual approval, borrowers complete a hosted GoCardless Billing Request Flow to authorise BACS Direct Debit.

When the mandate is active, Oxyile creates a subscription matching the EMI amount and loan duration shown on the handshake card.

Failed collections follow GoCardless retry rules; borrowers should keep sufficient funds and update bank details if needed.

Oxyile

Oxyile is building a transparent UK peer-to-peer lending experience. Oxyile is not authorised by the Financial Conduct Authority. We plan to apply. No real money is lent or invested yet.

Flat 5, 27 Richmond Road
Cardiff CF24 3AQ
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Oxyile is not authorised by the Financial Conduct Authority. We plan to apply. No real money is lent or invested yet. Test mode: accounts, loans and payments on Oxyile are for testing only. Nothing on this website is financial advice or an offer to lend, borrow or invest.

Oxyile Corporation Ltd, a company registered in England and Wales (company number 16642382). Registered office: Flat 5, 27 Richmond Road, Cardiff CF24 3AQ. Registered with the Information Commissioner's Office (ICO).

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