There are many ways to pay for the products you purchase. However, direct debit makes things easier on both your business and customers through the following benefits:
- Reduce late payments: Your clients are human and will inevitably forget to make an on-time payment at some point. However with direct debit, late payments do not have to be an issue as payments are automatically made. For many businesses, direct debit has resulted in a reduction in debtor-tracking time.
- Easy setup: Customers adore easy-to-use systems. A payment method that is hassle-free and easy to set up is a huge selling point for customers, and creating a direct debit account couldnt be easier.
- Save money: Employing direct debit within your business saves plenty of time and money. Passing these savings through to your clients can be an additional way to make direct debits a more appealing proposition.