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Finance

How Direct Debit Meets the Expectations of its Customers

Wendy Wayne

Direct Debit, the trustworthy and secure mode of payment through instructions to your bankers is widely accepted by large section of people and trade concerns all over the world. The beneficiary is able to collect the payment from the concerned bank. In case, any change is made in the payment date, amount or the frequency; the same is informed by e mail within 24 hours. Paper based and paperless Direct Debit methods are popular.

This unique payment method is of utmost assistance to the customers and fulfils their expectations to their entire satisfaction. Hence, they prefer it than other types of payment-modes e.g. debit cards, cash or cheques.

Easy and comfortable – As your customers are confident about materialization of their due payments, they prefer this unique system, i.e. the Direct Debit. Moreover the payments are made on time. Further, this modern payment method saves much of your time and the customers need not write much or post the cheques.

Budget control – The budget can be controlled easily by making payments through Direct Debit that facilitates adjustment of different payments. The ones to be paid instantly are processed immediately followed by the payments that could be delayed for some time.

Secure – This most exceptional method of payment saves us from frauds or other type of scams as it is the safest device.

Flexible – The payment dates can be adjusted conveniently through Direct Debit payment method.

Trustworthy – Being rest assured of the payments, the customers trust Direct Debit method of payment. Moreover different security measures protect their interests.

Varied Regular Collections – The retail traders, charity organizations or companies make use of Direct Debit system of payment for collection of regular receipts from their payers even when the amounts and the dates of collection can vary.

Automatic renewal & cost effective – The administrative time and costs under Direct Debit are too less as compared to other types of payment methods for the member organizations, i.e. health / golf clubs etc.

Additionally, renewal is easy in case of Direct Debit.

Effortless collection – The milkmen, subscription/donation/fee collectors and other types of small serviceproviders find Direct Debits payment too convenientas they don’t have to waste time for collection of payments by going from door to door. They receive their dues as per the fixed schedules.

Facility management – The facility management services like FastPay make all the formalities on behalf of the customers who need not seek any approval or authorization for collection of the payment.

Boost for the business – The Direct Debit payment method helps the businessmen greatly. Being rest assured of the dues-collection on the fixed dates, they can plan onward payment in time to their own vendors.

Time & Paper Work Saving – As the collection of payments is processed in time from the payers on the due dates, the Direct Debit payment method saves much of your valuable time. The paper work is also reduced much through the paperless Direct Debit.

Outlay of payments – The customer is facilitated to stretch the payments conveniently through Direct Debit.

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