Direct Debit allows for a smooth transaction process, by transferring the funds from the payer’s account on agreed payment dates. This payment method allows for automatic transactions from one bank to the other. In order to start with Direct Debit, a Mandate form has to be signed by the payer to confirm authorization. Once the Mandate has been authorized, payments will be made via Direct Debit from that moment onwards.
11 What is Direct Debit? Print
Modified on: Thu, 29 Jul, 2021 at 12:48 PM
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