Why Direct Debit?

Direct Debit bureau"With Direct Debit businesses know when the money is coming in and how much they’re going to receive."

More and more businesses are discovering the benefits of Direct Debit.

Why Direct Debit?
  • Control cashflow
  • Reduce admin costs
  • Easy to change payments
  • Non-payment notification within 24 hours
  • Improve your customers' loyalty

It’s hardly surprising. Any company that has paying customers and wants to take control of cash flows whilst reducing its administration costs can benefit from the system.

With Direct Debit, businesses know when the money is coming in and how much they’re going to receive. It’s easy to set up, cost effective to operate, and takes changes in payment levels and VAT alterations in its stride.

If a customer does miss a payment, the accounts department will receive an email within 24 hours so they can deal with the problem promptly. Re-presenting an unpaid Direct Debit has a 90 per cent success rate.

Direct Debit also improves customer loyalty, as most people simply prefer to keep paying automatically rather than look for a new supplier.

Customers can benefit from Direct Debit too. The system will help them with their cash flow and there’s less paperwork to be dealt with and fewer cheques to be written.

The system’s flexibility means they can spread their payments and the Direct Debit Guarantee reduces the risk of fraud enormously. It’s extremely secure.

Is Direct Debit right for your business? Find out with our FREE consultation.