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Setting Up Direct Debit for Small Business

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Setting Up Direct Debit for Small Business

At Biz Core, setting up direct debit for small businesses has never been easier with our secure, cloud-based online payment processing platform. Compatible with a wide range of banking institutions, Biz Core offers flexible payment options for your customers, and greater control over cash flow for your small business. Talk to our team today about scheduling a demo.

What is a direct debit system?

A direct payment system allows customers to transfer money from their bank account to yours. Using a cloud-based direct payment system, you will have the ability to manage all of your payment scheduling, collections, and processing online. And the ability to manage customer details from one central location.

Is direct debit safe?

In Australia, in order to make and collect direct debit payments, a business must be approved as a direct entry user by a financial institution. This requirement, along with the direct debit authority form, make direct debit one of the safest methods of payment.

At Biz Core, we take data security seriously. That’s why our direct debit processing platform is safeguarded using the multilayered Microsoft Azure Cloud Security. With built-in security controls and real-time global cybersecurity intelligence, our system rapidly identifies and stops new threats.

 

How can direct debit benefit my business?

Every business owner knows the struggles of chasing late payments, predicting cash flow, and managing customer data. But with Biz Core’s all-in-one direct debit system, automating your processes, forecasting the success of your business, and providing customers with positive payment experiences has never been easier.

The advantages of Biz Core’s direct debit system including allowing you to:

  • Get paid on time, every time – reduce time spent chasing customers for forgotten payments by setting up automatic recurring direct debits.
  • Manage customer data – manage large volumes of customer data in a secure, cloud-based system without the need for messy paperwork.
  • Keep track of your cash flow – keep a 360° view of your business with real-time dashboards and easily accessible daily reports.

How do I Set up Direct Debit with Biz Core?

Biz Core’s direct debit system ensures setting up direct debit for small business is a fast and simple process. The set up takes just 3 quick steps:

  1. Set – Enter the payer details into Biz Core and set the payment schedule. The platform has purpose-built tools to make this quick and painless.
  2. Sign – Once set, our smart software will automatically email a direct debit authority form to the payer which can be signed online.
  3. Forget – Biz Core knows when the form is signed and will store it for you. Direct debits will now be automatic from the first scheduled payment date.

Contact our team today to schedule a demo and find out how Biz Core can support your small business.

 

Why choose Biz Core?

At Biz Core, we know it’s tough out there for small businesses. That’s why we offer a 10% commission on customer charges for every successful transaction processed that month. We work to keep your costs low and your income high!

Along with keeping costs low and offering a reliable and secure payment processing platform, Biz Core is also Australian owned and operated. Our onshore customer support team is passionate about providing a positive experience for both you and your customers, and ensuring your business continues to grow.

Direct Debit FAQs

 

How much does it cost to set up a direct debit?

Biz Core is committed to providing a high quality, affordable payment solution. That’s why we have no set-up or running costs, and minimal transaction fees.

 

We offer 2 simple payment options, so you can decide exactly how much you want to pay:

 

Pass on the Cost – Never pay set up or monthly processing costs with the ability to pass on low transaction fees to your customers. With a maximum of $1.99 per transaction, your customers get the advantage of set-and-forget payment processing with very minimal outlay.

 

Absorb Low Costs – Keep customers happy by absorbing transaction fees. This low cost is then offset by the commissions you receive at the end of every month. Happy customer + money back in your pocket = win-win!

Can a direct debit be set up without permission?

Any service must obtain a direct debit authority before setting up a direct debit. Biz Core’s smart software will automatically email a direct debit authority form to the payer which can be signed online. Biz Core knows when the form is signed and will store it for you. Direct debits will then be automatic from the first scheduled payment date.

 

Contact Biz Core today for more information and a live demo!

Is direct debit automatic?

A direct debit is an automatic transaction where money is transferred from one account to another. However, a service must obtain a direct debit authority before setting up a direct debit.

Why has Biz Core debited my account?

Biz Core is a payment facilitator for a wide range of businesses, including lenders, rental agencies, telcos, personal trainers & gyms, sporting clubs, accountants & bookkeepers, rideshare providers, and others.

 

If you are seeing a debit on your bank statement, it is likely that one of your recent payments has been dishonoured. When this happens a dishonour fee is charged.

 

If you want to know more please email info@bizcore.com.au