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DIRECT DEBIT PAYMENT AUTHORIZATION AGREEMENT (ACH) Direct Debit Payment Services Conditions and Terms: SFMC will initiate the Direct Debit on the first(1st) business day of the month assessments are

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What is direct debit payment services?

Direct debit payment services allow individuals and businesses to authorize a third party to withdraw funds directly from their bank account on a specified date to pay for goods or services.

Who is required to file direct debit payment services?

Businesses and organizations that collect payments directly from customers' bank accounts through direct debit transactions are required to file direct debit payment services.

How to fill out direct debit payment services?

To fill out direct debit payment services, provide the necessary information such as the bank account details, the amount to be debited, the frequency of the debit, and the authorization of the account holder.

What is the purpose of direct debit payment services?

The purpose of direct debit payment services is to simplify the payment process for both businesses and consumers, ensuring timely and automatic payments for recurring services.

What information must be reported on direct debit payment services?

Information that must be reported includes the account holder's name, bank account number, the amount to be debited, frequency of payment, and authorization for the transaction.

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