Direct Debit

Direct Debit is the easiest way for a merchant account and e-businesses to collect payments from their customer. Our merchant account package come complete with a direct debit facility, making payment processing an easy venture.

Benefits of Direct Debit

There are various benefits of using a direct debit.

• Direct debit reduces time taken to collect payment
• It saves the cost of debt collections
• Reduces bank charges as there is only one credit to your bank account per collection
• Targets additional markets with a low credit card penetration
• No MSC charges as with debit card transactions
• It allows for fixed and variable amounts to be collected on variable dates
• With direct debit you have a complete control over who, what and when client collections are made
• Direct debit allows a more predictable cash flow
• Places cleared funds directly into a merchant’s bank account
• Builds a loyal customer base
• Guarantees excellent liquidity planning
• Direct debit has lowers fraud rates in comparison to other payment methods
• Most common mode of payment method for mail-order/telephone order or recurrent transactions
• Since everyone has a bank account, they can pay with Direct Debit