With 4.5 billion payments processed each year Direct Debit is the UK’s pre-eminent collection payment method.
For consumers, Direct Debit is the safest and most cost-effective method of paying regular or occasional commitments.
Direct Debit is the simplest way for organisations to collect regular or occasional payments from their customers – both business and consumer.
Direct Debit saves time, reduces the costs of collections and enables cleared funds to be available directly into the bank account of the beneficiary, the collecting organisation.
This short guide covers six aspects of Direct Debit, each article has previously featured on Northey Point’s website.
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