A direct debit is a simple and effective way to collect funds directly from a bank account. The bank account details are provided to the merchant together with a mandate for the debiting of the bank account. The merchant will then instruct the collection of funds due from the bank account at the desired date. Direct debit is typically used to make recurring payments; like utility bills and is particularly ideal for recurring low-value transactions. Unlike standing orders, which require the amounts to be fixed, direct debits can be used for varying amounts; the payee can simply indicate a different amount each time. In countries where setting up authorisation for direct debit is easy enough, it can also be used for one-time payments in the mail order business or even at a point of sale. Direct Debit is a highly accepted means of payment in Germany and the Netherlands.
Through Netpaying's strategic partnership network, we support the processing of Direct Debits in the following countries:
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