Direct Debits

COLLECT PAYMENTS USING DIRECT DEBIT

Collecting payments via Direct Debit has been made simple with Squarepay, enabling your business to draw payments from your customer’s financial institutions on a recurring basis. The customer simply authorises payments to be collected automatically from their bank account, keeping you in control of the payment process increasing cash flow, and ultimately allowing you to get paid on time.

HOW DOES DIRECT DEBIT WORK?

Your Customer

STEP 1

Your customer signs a Direct Debit Authority outlining the terms of the debit.

SETUP YOUR DIRECT DEBIT

STEP 2

Setup your direct debit online via our secure client portal or API along with the customers Direct Debit Authority.

PROCESSING

STEP 3

When debits become due Squarepay automatically sends debit instructions to your customer’s financial institution.

3-DAY SETTLEMENT

STEP 4

You receive a detailed report of payments that have been successful.