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customer benefits of direct debit

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 from cheques can save them up to seven hours a year.

  • Security

They are reassured that Direct Debit is the most secure form of payment available and that fraud is highly unlikely.

  • Easy Budgeting

They can prioritise your payment within their budgeting.

  • Flexibility

They have a choice of payment dates and can change these at any time.

  • Trust

They know that the Direct Debit Guarantee protects them with a comprehensive range of safeguards.

  • Popularity

They are paying alongside 80% of the UK adult population who have at least one Direct Debit.

  • Control

They can fully control their finances and predict their cashflow: Direct Debit offers options not found in alternative payment choices such as standing orders.

business benefits of direct debit

Eight Business Benefits

  • Improved Cashflow

You know exactly when cleared funds will be in your bank account, unlike other payment methods which could arrive at any time.

  • Save Time and Money

Your accounts department will spend less time sending reminders and chasing unpaid invoices.

  • Streamline Your Banking

You will be notified of payments and non-payments with our pro-active reporting system, ensuring you are always in the know.

  • Re-present Bounces

You can keep your business running smoothly as re-presenting an unpaid Direct Debit has a 90% success rate.

  • Improved Security

You and your customers are protected by built-in safeguards with the Direct Debit Guarantee vastly reducing the risk of fraud.

  • Flexible Collection Dates

With Direct Debit you have the flexibility to collect on any banking day that you choose.

  • Clear Arrears

You can offer your customers the option to spread the cost of their payments.

  • Go Paperless

You can say goodbye to piles of paper cluttering up your office by switching to Direct Debit.

Have some questions? Talk to an expert on
0161 737 5290 or send an email to info@fastpayltd.co.uk

We pride ourselves on exceptional customer service