We use cookies to offer an improved online experience and offer you content and services adapted to your interests. By using our website or clicking “Accept”, you are agreeing to our Cookie Policy. If you do not wish to allow cookies please disable them in your browser settings. Cookie consent.

Collecting payments via Bacs Direct Debit represents a major advancement over manual collection methods, with the time and resources associated with making calls, drafting and mailing letters, minimised. With the right details and processes for Direct Debit collection in place, funds are guaranteed to arrive on the agreed day automatically, and debtors’ days are reduced.

By implementing paperless Direct Debit collection, businesses can benefit from:

Increased control over finances with the certainty of getting paid on time

Better visibility of cash and forecasting

Reduced reliance on spreadsheets and manual administration overheads

Why it matters?

On average, 10% of new Direct Debit Instructions fail due to inaccurate or bogus data being submitted through Bacs. For some organisations, the failure rate is as high as 20%.

Source: KPMG Report
GET IN TOUCH

Want to learn more about PTX?

Give us a call.

Our payment experts are here to help.

+44 118 925 8250

Chat with us.

Chat with one of our payment experts. We'll recommend the right solution for you.

See how we can drive your business forward.

Tell us a bit about you and your business and we’ll get back to you with all the information you need.