Direct debit is a process operated by all the major banks and other financial institutions where payments may be taken directly from an account or card holder. This process is dependent upon the completion of an agreement which allows the direct debit company to debit funds from the account.

Direct debit has the advantage that the funds can be withdrawn from the account on an agreed date, for a predetermined period of time or up to a predetermined amount and on a regular schedule. This facility provides a business with the confidence of a secure and predictable cash flow.

Direct debit reduces your collection costs as you no longer have to contact clients requesting payment. Overdue amounts may still occur as a result of a defaulted payment but this is redebited.

Direct debit provides you with a reliable and predictable source of income and will improve sales as clients will see a regular payment as a more affordable option than a single one off payment.

Why Direct Debit? - If it is effective for the major insurance companies, gyms, fitness centres, membership clubs and finance companies, then it will be effective for you too - so really the question is why not!

• Secure Predictable Cash Flow
• Reduced Collection Costs
• Reduced Administration Time
• Improved Customer Service
• Reduced Bad Debtors
• Improved Sales
• Reduced Perceived Product or Service Cost
• Improved Reporting
• Improved Customer Retention
• Debit Bank Accounts and all major Credit Cards