Who We Are and What We Do
FastPay offers a Facilities Management and Bacs Commercial Bureau service that collects Direct Debits on behalf of your business or organisation. FastPay helps you access the power of Direct Debit without the formidable expense and time required to set up your own scheme. With a flat fee of 50p or less per collection, FastPay is cheaper than almost any other banking method.
FastPay has achieved a sterling reputation with its sponsoring bank and with BACS and will sort out all the formalities on your behalf. We will assign a personalised SUN (Service User Number) to your company which will identify you to your customers when they view their bank statements.
We will process all your collections on the date of your choosing with minimum involvement from your end. We will always keep you informed of any bounced or cancelled Direct Debits as soon as they occur. Bounced payments can be automatically recharged and cancelled Direct Debits can be reinstated. We even offer a service to write to your customers with regard to any irregularities or changes to their payment schedule, including bounces and cancellations.
All you have to do is complete our one-page application form and email or fax it to us. The setup procedure takes no more than 48 hours! Once set up, we will open a client trust account for you and you are then ready to start signing up and collecting from your payers immediately.
If you are using our Commercial Bureau service, we will transfer any monies collected from your payers directly to your company account or make payments from your account to your staff and suppliers. Please see our Commercial Bureau page for further details of our Bacs Approved Bureau Services.