Collecting by Direct Debit
Direct Debit is the preferred payment method for over 50% of the UK bill paying population because it provides so many advantages.
It can make your organisation's payment collection more efficient, manageable and more cost effective which is why UK organisations of all sizes choose it as the preferred method for collecting regular payments from both businesses and individuals.
Benefits
- It's cheaper than cheque and safer than cash
- You control the date of receipt into your account
- You get cleared funds in your account on a known date
- You can collect variable amounts on regular or irregular dates
- It can eliminate time consuming reconciliation. Only errors and non-payments will be notified to you, so you can carry out reconciliation by exception
- When used in promotions, it can double the conversion rate from enquiry to sales.
This section contains all the information you need to start collecting Direct Debit payments from your customers - the sooner you get started, the sooner you can reap the benefits.