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Direct debit reduces time taken to collect payment |
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It saves the cost of debt collections |
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Reduces bank charges as there is only one credit to your bank account per collection |
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Targets additional markets with a low credit card penetration |
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No MSC charges as with debit card transactions |
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It allows for fixed and variable amounts to be collected on variable dates |
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With direct debit you have a complete control over who, what and when client collections are made |
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Direct debit allows a more predictable cash flow |
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Places cleared funds directly into a merchant’s bank account |
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Builds a loyal customer base |
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Guarantees excellent liquidity planning |
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Direct debit has lowers fraud rates in comparison to other payment methods |
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Most common mode of payment method for mail-order/telephone order or recurrent transactions |
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Since everyone has a bank account, they can pay with Direct Debit |
