FastPay helps you access the power of Direct Debit without the formidable expense and time required to set up your own scheme and without the need for your bank’s approval.
FastPay offers a Facilities Management (FM) and Bacs Commercial Bureau service that collects Direct Debits on behalf of your business or organisation. FastPay has achieved a sterling reputation with both its sponsoring bank and BACS and will efficiently arrange all the relevant formalities on your behalf. With our FM service we will assign a personalised SUN (Service User Number) to your company which will identify you to your customers when they view their bank statements.
We will process your collections on the date of your choosing with minimum involvement from your end. We will always keep you informed of any bounced or cancelled Direct Debits as soon as they occur. Bounced payments can be automatically recharged and cancelled Direct Debits can be reinstated. We also offer a service to write to your customers with regard to any bounces, cancellations, changes to their payment schedule and advance notice letters.
All you have to do is complete our one-page application form and email, post or fax it to us. The setup procedure takes no more than 24 hours! Once set up, you will then be ready to start signing up and collecting from your payers immediately.
With a flat fee per collection, FastPay is cheaper than almost any other collection method, and we also offer substantial volume discounts.
With our Bacs Commercial Bureau service, Direct Debits collected from your payers will be credited directly to your company bank account and Direct Credits will be processed directly from your bank account straight to your suppliers or employees bank accounts. Please see our Commercial Bureau page for further details of our Bacs Approved Bureau Services.
“To make it clear how good your service is, our debtors over 30 days owe us £0.00 (touch wood that continues) – Who would want to chase payment in this mad world when for a small fee with FastPay you can virtually collect it yourself without the pain!”
Alan Clark, Copiers and Printers
“The team at FastPay didn’t just offer us the best priced package but have ensured we have everything we need to collect customer payments quickly, efficiently and cheaply. Procedures are clear and response times to queries are excellent. I wouldn’t hesitate to recommend FastPay to any SME.”
Rufus Roskilly, Commercial Director