Is Direct Debit right for you?

Direct Debit is good for you if:

You collect money from your customers at least once a year

And that's the only requirement! With Direct Debit you can collect:

• A fixed amount each month
• A variable amount each month
• Any amount at any time (also called adhoc payment).

So as long as your customers do business with you on a regular basis, Direct Debit is the ideal way for you to:

• Improve cashflow
• Cut down on administration time
• Give a more professional service.

Some example businesses …

Below are some examples of businesses that will benefit from collecting by Direct Debit:

• Utilities/Telecoms - you invoice your clients a variable amount each month
  
• Clubs - you are a membership organisation that collects membership and subscriptions - with Direct Debit, you can either collect annually, quarterly or give your members the option to pay monthly. This may be of benefit to them by spreading the payments, and means that there is no 'big decision' each year as to whether to renew or not.
• Charities - similar arguments apply to charities who collect donations or contributions.
• Property - your company makes regular payment collections like rent or service charges.
• Professional services - if you have clients who you regularly (at least once a year) charge for time and services.
• Services - you are a service provider and collect fees or annual charges.
• Education - you are an educational institution that collects fees or other payments from students.