Do you have a small business? Do you often have to deal with late paying customers? In the worst cases, your customers abandon the idea of buying from you because they can’t pay easily. How do you solve this problem? Well, you can adopt a system that mimics the systems that large enterprises use. You should know about direct debit for small business at this point. Let’s find out how this system helps your small business getting paid on time.
1. Don’t Bother Just Get Paid
The best thing about direct debit method is that it does not bother you or your customer. Once you have received their banking information, you can set up direct debit. The money will be taken from their account on the decided dates without asking for any banking details from them or you.
2. Get Paid Faster
Another thing that makes direct debit method better than any other method of payment is the fastness of it. With checks, you are often stuck with a mail. The mail takes time to reach you. After you have received the check, you still have to wait for some days for the clearance of the check. With direct debit, you don’t have to wait at all.
3. Get Paid Safely
Customers want safe ways to make payments for your services or to pay for your products. Providing credit card details is not the easiest for them. Sending a check might be easy for them but you will always have to deal with the fear of losing the check. What do you do? You get paid directly from the account of your customer to yours.
Direct debit for small businesses is definitely the way to go forward. It is a quick and safe method that large enterprises use for getting paid by their customers.