They know that their bills are being paid automatically: they will never miss a payment or receive late payment penalties.
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.
They are reassured that Direct Debit is the most secure form of payment available and that fraud is highly unlikely.
They know that the Direct Debit Guarantee protects them with a comprehensive range of safeguards.
They are paying alongside 80% of the UK adult population who have at least one Direct Debit.
They can fully control their finances and predict their cashflow: Direct Debit offers options not found in alternative payment choices such as standing orders.
You know exactly when cleared funds will be in your bank account, unlike other payment methods which could arrive at any time.
Your accounts department will spend less time sending reminders and chasing unpaid invoices.
You will be notified of payments and non-payments with our pro-active reporting system, ensuring you are always in the know.
You can keep your business running smoothly as re-presenting an unpaid Direct Debit has a 90% success rate.
You and your customers are protected by built-in safeguards with the Direct Debit Guarantee vastly reducing the risk of fraud.
With Direct Debit you have the flexibility to collect on any banking day that you choose.
You can offer your customers the option to spread the cost of their payments.
You can say goodbye to piles of paper cluttering up your office by switching to Direct Debit.
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 time and money.
The flexibility of Direct Debit is second-to-none. With FastPay, you enjoy these benefits at no extra cost:
These strengths make Direct Debit suitable for a range of companies and organisations with differing needs:
