Recurring EFT debits (Same Day) from all major credit cards. PCI compliant storage.
Why Debit Orders?
Optimising your cashflow, increasing your profit.
It is often surprising to new businesses owners how difficult, complicated and frustrating collecting money from debtors can be. After all, you are merely acquiring funds which are rightfully yours.
No Waiting Periods
Instead of relying on your customer to make the time to conduct a manual payment,
A debit order process allows businesses to obtain what they’re owed automatically.
If you suspect your customer won’t have the necessary funds, you can make use of a NAEDO service which will check the customer account at defined intervals & will collect the funds as soon as they are available.
As debit orders are collected on defined days and dates you’ll know when to expect money in your bank account.
Giving you better control of your cashflow.
Frequently asked questions
What is the difference between a debit order and an early debit order?
Both debit orders and early debit orders are facilities that allow for a third party to collect money from your account. An early debit order is simply processed close to a credit payment (e.g. after your salary is processed, the early debit order is processed against your account).
There are two types of early debit orders:
An Authenticated Early Debit Order (AEDO) enables accountholders to mandate the contracted future dated early debit orders through the use of their bank cards (e.g. debit card) and PINs.
A Non-Authenticated Early Debit Order (NAEDO) would allow qualifying service providers and consumers transacting with such service providers the equivalent benefit of AEDO, however without the PIN authentication requirement.
Can I dispute an unauthorised debit to my account?
Yes you can. The customer has the right to dispute any transaction he or she believes was incorrectly debited to the account.
What are the main benefits of Naedo?
The NAEDO payments stream is utilised to collect time-sensitive transactions and the beneficiary use is first in line to collect funds from an account holder’s account. In addition, the NAEDO payments stream also holds numerous benefits for the account holder and beneficiary user as it is a flexible and user-friendly method of collecting recurring payments from account holder's who authorised such deductions.