Direct Debit
This is one of the most effective methods of collecting receivables from payers by initiating the debiting of their accounts by the creditor (client). Receivables are under the full control of the creditor, booked on the payment due date, without the need for reminders
Companies with a large number of incoming payments want to receive payments on time, described in a way that allows for their efficient posting. Payers – especially consumers – have different payment habits. It is in the interest of the company (creditor) to offer payment methods that are convenient for payers, while at the same time allowing the company to save time spent on reminding late payers and on reconciling inflows, thereby improving its financial liquidity.
BENEFITS
- Amount
- Timing
- Retries
Amount
Crediting the client's account with an amount always corresponding to the amount of the liability (no overpayments, underpayments, or bulk payments).
Date
The date of initiating the collection of receivables is decided by the client (recipient), not the counterparty (payer).
Renewals
Automatic retries of transactions rejected due to a lack of funds in the payer's account.
HOW DOES IT WORK?
The entire process can be divided into two main stages:
- one-time obtaining of consent from the client,
- cyclical collection of payments.
Direct debit is a secure and fully regulated service. We operate based on applicable laws, rules governed by the interbank agreement on direct debit, and rules regulating the activities of the National Clearing House (Krajowa Izba Rozliczeniowa - KIR).
KEY REGULATIONS AND RULES
.svg){kind=icon}
.svg){kind=icon}