Direct debit is simply an instruction from you to your building society or bank. It will authorize the organization you need to pay to collect varying amount of money from your account, but only if you have given a notice in advance of the dates and amounts of collection.
Once you are fine with it, the amount is deducted automatically. If the organization you need to pay, want to change the date or amount of collection, they must first tell you about it. To put it short, direct debit is the most convenient and simplest way for you to pay occasional and regular bills. It means you don’t need to worry or stress about missing those crucial payments, especially at busy times, when on holiday, or simply enjoying rather than thinking about bills.
Whether you use direct debit companies in Australia to pay your business or household bills, the benefits are same. This is applied to the unique protection offered by the direct debit guarantee, giving you the much needed peace of mind. If there is an error in any direct debit, you would be entitled to get a full refund.
Here are some important reasons to choose direct debit companies:
- It is flexible
Most organizations or companies offer a wide range of flexible dates for doing the payment, thus helping you schedule your bills easily. Ask an organization you have to pay what options they offer.
- It spreads costs
When you choose direct debit option to pay your business outgoings or regular bills by direct debit, it allows you to spread the costs over the period which you agree with an organization you need to pay.
- It is fully guaranteed
One of the most important reasons to go for direct debit companies in Australia is that they come with a guarantee. You are protected automatically by 3 important safeguards:
- A money back guarantee immediately from your building or bank, in case of an error for doing the payment of your direct debit. It is extremely important to note that this guarantee will cover direct debit payments. It will not be used to address any contractual disputes that might occur between you and the billing company.
- At any time, you have the right to do cancellation
- If the amount or date changes, you get advance notice
- It saves time
Your modern life is quite hectic, so direct debit greatly helps. It takes away the hassle that is associated with paying many bills, so you can spend your valuable time in handling other important tasks at work. You will find it much easier to know how much exactly, is going out every month. For several businesses, paying by direct debit even means to reduce paperwork and workload for your finance section.
If you are looking for the most efficient direct debit companies in Australia, contact Payleadr today. Their bespoke direct debit services offer complete control, and allow you as well as your customers to choose the frequency of your payments and the day.