Direct Debit is simply the most convenient way to pay – or receive - regular payments automatically!
If you’re a customer, it means you don't have to worry about missing important payments like school fees, rents, utilities, etc., especially when you’re on holiday or at busy times of the year - or in fact, doing anything other than thinking about your bills! And there's no more risk of late payment charges, being cut off, or worse. If you are not happy, cancel any time with just a few clicks.
If you’re a merchant, landlord or school, Direct Debit facilitates the recurring payment process – there’ll be no more expensive cheques to warehouse or run arounds to deposit and no expensive percentages to pay on credit card payments. It helps with your cashflow as monthly payments reduce failed payments and enormous cost saving as automating your account receivable function will become part of your much needed digital transformation.
And here’s a big bonus for everyone: it creates win/win for both payer & payee.