The Direct Debit Guarantee is a powerful protection for payers that ensures they are entitled to a refund if any errors are made. But who offers the Guarantee, how much does it cover and how long does it last? Read more
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Post Tagged with: "Direct Debit scheme rules"
Direct Debit Advance Notice and Bacs Scheme Rules
The Direct Debit Advance Notice is one of the Cornerstones of the Direct Debit Scheme and a key aspect of payer protection. Is your organisation compliant with the rules? Read more
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Refer to Payer & other common Direct Debit ARUDD failures
If Direct Debit collections fail, Bacs will tell you why via the ARUDD report. Reason Code 0 – Refer to Payer – is most common. Read more about what it means.
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Using Electronic Signature for Direct Debit Sign-up
There are numerous benefits to using electronic signature to sign up new Direct Debit payers. There are some considerations too. Read more.
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How long to keep Direct Debit Instructions
Answers to frequently asked questions about the Direct Debit instruction including, how long should you keep the Direct Debit Instruction and can it be stored electronically?
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Why you should link to a Bacs Approved Bureau
Using a Bacs approved bureau can ensure your Direct Debit collections run smoothly and efficiently. Find out why Service Users choose bureau.
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The Differences between Direct Debit and Direct Credit
Direct Debit and Direct Credit are two Bacs payment schemes. One collects money in and one pays money out.
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Direct Debit References – 5 Common Issues
Errors with Direct Debit References are a common reason for Direct Debit Collections to fail. As a result, it’s a great place to start when troubleshooting problems. Below we have 5 common issues with Direct Debit References, but first – some background! What is the Direct Debit Reference? The Direct […]
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