How to use direct debit
Direct debit is an ideal method to collect funds. It is simple, inexpensive but still has a high degree of flexibility depending on the direct debit provider you choose. Many business use direct debit as a method of collecting regular fees at a set frequency or as a method of making a large sale more manageable for their client by offering smaller repayments. Both reasons are an excellent means of growing a business and providing for regular, reliable future cash flow.
A number of small business also use direct debit systems as a way of allowing their customers to pay by credit card without having to pay the upfront costs of obtaining a merchant account.