It’s easier than you think to start with Direct Debit.
Here’s how you start…
ORIGINATOR IDENTIFICATION CODE
The merchant goes through KYC. Your documents will be completed and sent to UAE Central Bank to issue you with a unique number called an ‘OIC’.
SETTING UP FOR SUCCESS
This is where you will receive training from the Direct Debit System team. It will include setting up your desired parameters in the system. For example, are you happy to take DD payments on credit cards or IBAN or both.
THINK OF TRANSFORMATION
Now is the right time to start transforming all your processes to be paperless. We can help you with that. Accounts receivable are truly digitized end-to-end when our API's are fully integrated with your CRM.
The step-by-step
payment collection
process...
Step ONE
Invite payer to execute contract through Direct Debit monthly payments. All done with few clicks on dashboard. Include payment plan if amounts are known i.e. rent, school fee etc.
The step-by-step
payment collection
process...
Step TWO
The payer accepts the offer by digitally signing DDA.
The step-by-step
payment collection
process...
Step THREE
Recurring payments start.
The step-by-step
payment collection
process...
Step Four
Cancellation of DDA
Both you the merchant & payer has a right to digitally cancel if he/she is not satisfied-digitally.
Got any more questions?
We’re here to help.
