If your business is a Direct Debit Originator, or you want it to be, contact us today for our DD service that’s high on reliability but low on cost.
How it works…
- Register with your bank to become an Originator of Direct Debits, and get an Originator Identification Number (OIN)
- Download our spreadsheet template and save it on your computer
- Fill in the bank details of your customers and people from whom you take payments or subscriptions
- Enter the amount you want us to debit on the next Bacs run
- Email us the file, telling us the date you want your bank to receive the money
- After checking and authorising the file we submit the file to Bacs
- Payments arrive in your bank account
- Within 2 days, Bacs will notify us of any unpaid Direct Debits for us to re-submit on a later run
The benefits...
- You control the amounts and dates of your receipts, improving cash flow control
- Within 72 hours you know precisely who has not paid by the due date
- Only one entry will appear on your bank statement to reconcile
- Bank charges evaporate
- Payments arrive on the due date, not later
You can find more about Direct Crediting here. For a quote or if you would like us to contact you for a more detailed discussion, please use our enquiry form.