FastPay makes it easy to harness the power of Direct Debit
Direct Debits are the most popular method for paying regular bills in the UK: over 80% of all adults have at least one. Your customer authorises you to collect money from their bank account. It’s that simple.
FastPay are Direct Debit experts. Our straightforward services take away the administrative hassle of managing your customers’ Direct Debit payments. We put you in control while saving you time and money.
Over 100,000 UK businesses use the system and its popularity continues to grow. In 2016, over four billion Direct Debit transactions were made by Bacs totalling £1.3tn – an increase of 4.9% year-on-year.
All transactions are protected by the Direct Debit Guarantee for complete peace of mind. Your customers have total reassurance from its safeguards, including an immediate money back guarantee from their bank if a debit is made in error, and the right to cancel a Direct Debit at any time if they let you and their bank know.
Direct Debit Guides
What is a Direct Debit
Direct Debit is the preferred payment method for more than half of the UK population. FastPay enables you to take your customer payments by Direct Debit. Direct Debit is an easy, reliable and secure method that puts you in complete control of your customer payments. A Direct Debit is an instruction from a customer to [...]Read More
Direct Debit vs Standing Order
Currently receive payments via Standing Order? Read on to find out why Direct Debit is a more flexible option. A Standing Order is an instruction from a customer to their bank to pay a fixed amount to you on a regular basis. Any changes to the amount, frequency or date of collection must be arranged [...]Read More
Is Direct Debit Right for Me?
FastPay makes it easy for everyone. Any company, organisation, partnership, charity or sole trader that charges recurring fees for a product or service can benefit from FastPay’s fast and friendly Managed and Commercial Bureau schemes. Choosing FastPay to look after your Direct Debits will give your cashflow and customer service a boost, while saving you [...]Read More
The Benefits of Direct Debit
FastPay makes it easy to make a difference Eight Customer Benefits Peace of mind They know that their bills are being paid automatically: they will never miss a payment or receive late payment penalties. Convenience They can leave behind the hassle of posting a cheque or calling to pay by card. Switching to Direct Debit [...]Read More
Direct Debit Through Your Bank
If your business has a significant turnover and a long trading history, you would normally be able to apply for your own Service User Number which would be sponsored by your bank. You can then choose between handling your own Direct Debit collections and Direct Credits (Bacs payments) in house, or outsourcing them to a [...]Read More