Direct Debit Guide - How a Facility Management Bureau works | Direct Debit
 

How a Facility Management Bureau works

As mentioned above, setting up your own Direct Debit arrangement with the bank can be expensive, difficult and time consuming.

To do so requires businesses to acquire their own Service User Number (SUN) and unless the turnover is at least £3 million this can be tricky.

Even with that condition met, there's a lengthy sponsorship application process alongside some stiff staff training requirements and expensive software requirements.

This is why most companies turn to a Facility Management Bureau (FMB).

An FMB has done all the training, bought all the software, acquired all the accreditation and is supported by Bacs, the governing body for Direct Debit in the UK. Bacs has been maintaining the integrity of payment related services for over 40 years and is owned by 16 of the leading banks and building societies in the UK, Europe and the US.

Even if a business has a SUN the administration costs can be expensive, so many still choose to use a bureau.

FMBs do all the work so businesses don't have to. Just tell the bureau you want to set up a new Direct Debit and they'll do the rest.

Eazipay Limited are authorised and regulated by the Financial Conduct Authority, number 615816 under the Payment Services Regulations 2009 for the provision of payment services. www.fca.org.uk
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

© eazipay 2015 | sitemap

site by prussian blue + tIMC