Direct Debit Authorisation
What is Direct Debit Authorisation?
Direct Debit Authorisation is a form of payment that allows a company to collect funds directly from a customer's bank account. It provides a convenient and automated way for businesses to receive regular payments from their customers without having to rely on manual processes. By authorizing a Direct Debit, customers give permission to the company to debit funds from their bank account on a recurring basis, which can be used for various types of payments such as bills, subscriptions, and membership fees.
What are the types of Direct Debit Authorisation?
There are mainly two types of Direct Debit Authorisation:
How to complete Direct Debit Authorisation
Completing a Direct Debit Authorisation is a simple process. Here are the steps:
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