What is a Direct Debit?
Direct Debit is the preferred payment method for more than half of the UK population.
Direct Debit is easy, reliable and secure and puts you in complete control of your customer payments. The reporting facility always puts you "in the know".
A Direct Debit is an instruction from a customer to their bank that authorises you to collect money from their account. With a Direct Debit, when the payment amount, frequency or payment date changes, you can claim the new amount on the date of your choosing, as long as you have informed the customer in advance.
Furthermore, when a Direct Debit bounces or is cancelled, you are informed by email within 24 hours of the event. You can then deal with it professionally and efficiently. As long as you inform your customer in writing, a bounced Direct Debit can be recharged within days and a cancelled Direct Debit can be reinstated without any action required of your customer other than ensuring adequate covering funds in their bank account.
Over 80% of adults in the UK have at least one Direct Debit payment and it is used by over 100,000 businesses and organisations so you can be sure it is well understood and accepted as a valid, secure and reliable form of payment.
For a trip down memory lane, click here to see the very first Direct Debit advert...