DDF (Direct Debit Facility)
ACCOUNT VERIFICATION SERVICES
An advanced debit order system. Insufficient funds? NAEDO will repeatedly check back in on the bank account until there are sufficient funds.
Our “DDF” Direct Debit Facility is the “set and forget” way to have your client make regular payments. It is most effective method used to make ongoing monthly payments.
Another great way to enhance your collection run is to ensure that each account has been properly captured and does in fact belong to your client.
Build solid customer relationships! Have an SMS notification sent to your customers to remind them of upcoming debit orders.
A debit order is a way for a company, that you have given permission, to pro-actively collect money from your nominated bank account. It’s typically used to collect monthly subscriptions, insurance premiums or loan repayments.
It is the most basic collection method available, it will only check once on the nominated day for funds in your clients account. If no funds are available another debit with your clients permission would need to be performed.
Also known as “smart collection” it allows you to track your clients account over a number of Days (up to 32days) , once funds are available it will collect.
Any and all businesses that need to get funds from their clients.
A debit order mandate is an authorisation from your client to collect future payments from their account .