Direct Debit set-up
As the owner of a small to medium size business, you will know only too well that the playing-field is far from level.
We are told repeatedly that our businesses are the backbone, the core, the lifeblood of the economy. And yet, when it comes to being paid what we are owed for the goods and services we provide, there is precious little support or protection.
Collecting what you are owed by Direct Debit is a tried, tested and trusted way of maintaining your cash-flow. However, if you approach your bank for support, you will most likely be told that the risk (for them) is far too great to even consider you. Large corporate entities ‘maybe’, SMEs ‘no.'
Even for large companies the process of being accepted by their bank is lengthy, time-consuming and expensive. So SMEs just have to struggle on chasing payment month after month, right? No, wrong.
By partnering with a Facilities Management bureau like Eazipay you can have all the advantages Direct Debit offers to large companies at a tiny fraction of the cost and without time-consuming hoops to jump through.
Business Direct Debit Set-Up
Laura explains how Eazipay is fully FCA accredited, a badge only given to top performing bureaus offering excellent customer care
Once your Direct Debit account is set up (which is very straightforward and we’ll help you every step of the way), the process could not be easier. It involves just a few simple steps:
- You tell us that you want to set up a new payer and supply the information (customer details, payment dates and amounts etc)
- We give the bank five days’ notice of a new Direct Debit instruction
- On day ten, your customer’s account is debited and funds are credited directly into a unique client holding account which we personalise with your name
- On day twelve, cleared funds are transferred into your account.
It’s that easy and once your customers are set up the payments go through automatically at the frequency you specify – weekly, monthly, or as infrequently as once a year.
We offer total support every step of the process and once the system is up and running our expert staff are always just a phone call away should help be needed.