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Setting up direct debit
Setting Up Direct Debit
Most people have never really thought through the process that it takes to set up a direct debit payment system. And really, that is a good thing, because the process is an incredibly boring one. Like any good system, an efficient payment system is neither sexy nor exciting at any time – at least, not until people start to realize how well it works, and how easy it is to use on a consistent basis. A reputable direct debit provider has the ability to automate one of the most important parts of your business, and to essentially facilitate the entire operation of your business.
The flow of cash into (and unfortunately, out of) your business is absolutely critical to your continued success. Obviously, without cash you will not last very long in any sort of endeavor. And having the ability to collect the cash you rightly deserve from your clients is of critical importance to being able to stay in business once your initial money runs out. And while the process of instituting a direct debit payment system into your method of operation does take some initial effort, it pays dividends (almost literally) with its simplicity from that point onward.
And the ability to simply direct debit from your clients can allow you to expand outward in ways you might never have even thought possible. The process is a fairly straight forward one, and it goes as follow.
First, you need to find a direct debit provider who will allow you to set up the direct debits. Once you are satisfied with the level of fees that a particular direct debit provider charges, you can simply sign up with them and register your business. From there, it becomes a matter of your clients.
Now, you can never direct debit from a client’s bank account without their consent. So as you negotiate your rates, you agree with and sign an agreement with your client, which will allow you (through a direct debit provider like PaymentHub) to directly debit what you are owed from their account. And from that point onward becomes automatic.
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- You Get Paid Faster, Keep Customers Longer:You pay a single fee per transaction. No hidden surprises. No set-up fee, monthly fees, or annual fees for our direct debit service. No lock in contracts and importantly, no default fees if your client misses a payment.
- You Get More Flexibility: Every business is individual. PaymentHub direct debit allows you to create the billing options and payment schedules that suit your business.
- You Save Time: No need to call us to make changes to your clients. You can do it all in minutes. Our simple and easy-to-use interface allows you to add and remove clients and change payment schedules and amounts.
- You Get More Help Getting Started: We're the only direct debit company that truly 'gets' the competitive edge you can gain from PaymentHub and we will help you set-up and get running quickly.
- You Get More Support: You know your business, we know direct debit. When you're busy with your business and need help along the way, we will help you.
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