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Why are Businesses Turning to Direct Debits?
The easiest, most convenient and secure way of collecting payments...Many small businesses struggle to tackle late payments and don't have the time and resource to chase customers whose payment is overdue. Fueling this is a significant slow payer ethic that often resides within an organisation’s customer network. It is no surprise therefore that many businesses, are turning to Direct Debits to automate their collection process and take control of when they get paid.
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Within this factsheet, you will learn the many reasons why you should collect by Direct Debit. The key benefits being:
- Reduced admin costs
- Fewer missed payments
- Improved cash flow
- Increased customer loyalty
