Your guide to managing Direct Debits In-house

Introduction

Direct Debits have become the foundation of business operations for Financial Services businesses, offering a reliable and efficient method for collecting customer recurring payments.

But, the set up and day-to-day management can be complex, and traditional Facilities Management systems are known to become more and more expensive as businesses grow.

In fact, if you’re collecting a high amount of Direct Debits, collecting them in-house is proven to be more a cost-effective, scalable solution. But, how?

This guide will help you explore your current setup, outline available alternatives, and walk you through the step-by-step process to start managing your Direct Debits in-house, with no third-party barriers.

Full Contents

• The ways you can collect Direct Debits
• The problem with third-party Facilites Management systems
• Benefits of In-house Direct Debits
• Prerequisites for In-house Direct Debit management
• The foundation to successful collections: Service User Numbers (SUN)
• 3 ways of collecting Direct Debits In-House
• Your next steps

By the end of this guide, you'll have the knowledge and confidence to move away from your current provider and start collecting Direct Debits yourself.