The Benefits of Direct Debit

 
The Benefits to Your Customers

Peace of mind
Your customers have the peace of mind knowing their bills are being paid automatically and they will never miss a payment or receive late payment penalties.

Convenience
Direct Debit is convenient and saves time. Your customers can forget about writing and posting cheques.

Security
Direct Debit is widely known as the most secure form of payment and instances of fraud are virtually unheard of.

Budgeting Made Easy
With Direct Debit, customers can control their budget and prioritise your payment.

Flexibility
Customers paying by Direct Debit can be given a choice of payment dates.

Customers trust Direct Debit
The Direct Debit Guarantee gives your customer the complete reassurance of knowing they are protected by a host of safeguards.
 

 

 

 
The Benefits to You

Improved Cashflow
Know exactly when cleared funds will be in your bank account making cashflow issues a thing of the past.

Save Time and Money
Your accounts department will spend less time mailing reminders and chasing errant payers.

Streamline your Banking
Only errors and non-payments are reported, so you can carry out reconciliation by exception.

Represent Bounces
Representing an unpaid Direct Debit has a 90% success rate. Keep your business ticking over.

Improved Security
Built in safeguards protect both you and your customer. The Direct Debit Guarantee vastly reduces the risks of fraud.

Customer loyalty
Instead of looking for new suppliers, most people find it easier to simply continue paying by Direct Debit.

Clear arrears
The flexibility of Direct Debit allows you to offer your customers easy ways to spread the cost of their payments.

Go Paperless
Converting your collection method to Direct Debit will dramatically cut down the amount of paper lying around your office.
 

 


© FastPay 2003-2010

Site designed by Freeman Holland Ltd