Direct Debit
With Lateral Payments Solutions you can also set up Direct Debit
collections. Perfect for collecting regular payments like membership fees,
subscriptions and utility services. Let your business reap the benefits of
Direct Debit collections, namely improved cash flow and increased customer
loyalty. Never again will you waste precious time and resources chasing errant
customers.
Many banks offer Direct Debit Services, but sometimes their requirements are
very stringent and exclude many new or smaller businesses. With our Direct Debit
facility we can make the process a lot easier for you. It’s simple to set up and
is particularly cost effective.
As a BACS Approved Direct Debit Bureau, we can process your Direct Debits
through our secure payment gateway.
Even if you don’t have your own Service User Number (SUN) we can arrange it
for you through our Facilities Management Service; On top of
that, we will manage the processes for you through our Fully Managed Solution
from helping you with the set-up and sending of payment instructions, through to
collecting the Direct Debits and crediting them directly to your bank account.
This solution is also available to customers who’ve already
got a SUN. We will take care of all the admin and the responsibility of
acquiring, integrating and updating the expensive and rather complicated
software required for processing Direct Debits.