A direct debit is a useful option for businesses and customers alike. Almost 80 percent of the population in the UK uses one direct debit. If you are a payer and want to manage your monthly payments without a hassle, direct debit is the right option for you because of the following benefits.
Direct debit is a safe method to collect automated payments. By using this trusted way of making payments, you can prevent frauds and other money scams. Direct debit is a safer option to pay than cheques that are usually susceptible to lose and damage.
You do not want to feel embarrassed because of a missed invoice. Direct debit eliminates this embarrassment by taking set payments on the due date. You can also take care of your monthly payments to avoid the risk of paying penalties for forgotten invoices.
Many people feel difficulty with making a monthly budget and sticking to it every time. With direct debit payment collection, you can set aside varied amounts for your monthly bills and make a budget accordingly. It is specifically profitable if you need to ensure corresponding to some milestones.
Hassle-free and convenient
Setting a direct debit account and using it for payments is usually hassle-free and convenient. You are free from the hassle of ringing up to pay over the phone or waiting for the cheque payments to clear. As a customer, you can save up to seven hours yearly through automated payments with the direct debit collection.
Some customers may find direct debit an expensive process to use. But with direct debit providers like eazipay, you can use this option regardless of what monthly amount you need to pay or your income. You can set up your direct debit set up with no or minimal charges and almost instantly.