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What is the SEPA Direct Debit scheme?

The SEPA scheme, or the Single Euro Payments Area, is an integration initiative set up to improve cross-border and domestic electronic payment efficiency across 34 European countries. Prior to SEPA, these countries had their own payment practices. The transferal of money was a fragmented and often complicated process. Transaction costs were high, delays and loss […]

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Trust and transparency are never amiss at DFC

We take our slogan ‘we do more’ very seriously. It’s true. We do more to provide seamless cashflow solutions professionally and securely.  We work hard to keep our clients in the loop every step of the way and deliver on our promises day in and day out. Our value is rooted in clear pricing and no […]

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Accessing the Direct Debit scheme

Like any other payment method, the Direct Debit Scheme offers its own complex maze of rules and regulations that businesses must adhere to. Compiled by Bacs, the organisation responsible for the clearing and settlement of UK Direct Debit, the Direct Debit scheme rules act as a failsafe to ensure service providers remain fully compliant. A […]

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Taking the hassle out of defaulted payments with My Payments

My Payments is DFC’s answer to defaulted Direct Debit issues. Keeping your customers happy is front and foremost to retaining them. It’s stressful when payments are rejected, so making their lives easier at this hurdle is a sure-fire way to keep them on board. The My Payments portal provides a quick and secure way for […]

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6 ways to encourage Direct Debit sign ups

Considering the value Direct Debit can have to business, it’s a shock that more don’t seek to promote this method of payment where they can. Its winning simplicity and cost-effectiveness encouraged your company to go down this payment route, but what’s encouraging your customers? Actually, there’s a great deal that they can benefit from by […]

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Cost benefits of Direct Debit

At Debit Finance, we cannot rate the benefits of Direct Debit highly enough. We built an entire business around it for that reason! One of the greatest rewards associated with this payment model is the sheer cost savings it can have for your business. Find out more on how Direct Debit’s can save your business […]

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Using Direct Debits for one-off payments

Most consider Direct Debit a useful approach to managing ongoing cash flow. But did you know that it is also an effective method of handling ad hoc payments? Many companies choose this option when an instant transfer of money isn’t required – for example, businesses collecting lone invoices or charities accepting donations. In fact, making […]

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Advantages of paperless mandates

Arguments exist for and against the unprecedented growth of the paperless era, but it’s difficult to dispute the ease this development has had on cumbersome administration practices. The introduction of paperless Direct Debit has been of particular value to customers and service providers alike. The move away from tangible, paper-based transactions into a more efficient […]

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Making the switch from standing order to Direct Debit

The line between standing orders and Direct Debit is often blurred. Both payment instructions to a bank or building society, one (standing order) is permissible by the individual making the payment, and the other (Direct Debit) by the service provider. In the past, standing orders have been favoured by many beneficiaries because it decreases their […]

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How does Direct Debit work?

If you want to pay a company or an organisation using Direct Debit Collection need to set up your Debit with them directly, and the process is simple. Whether you set your Debit up in writing, in person or over the phone, you’ll need to have a clear record of an agreed date for the […]