Trusted Direct Debit System

Yes, debit cards can be used for recurring payments. When you provide your debit card information for a recurring payment, the merchant or service provider will typically request authorisation from your bank to charge your card at regular intervals (e.g., monthly, quarterly, annually) for the specified amount.

Read more: Setting up direct debit for small business

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!

Any organisation can set up a direct debit as long as the customer has authorised the Direct Debit Instruction. With a direct debit payment processing solution like Biz Core, all you have to do is enter in the payer details and set the payment schedule. We then send out the direct debit authority form. Once confirmed by the customer, the direct debit payments are automated.

Direct debits can be the same each time or variable depending of the setup. For example, a membership payment will typically incur the same fee each month. However, direct debits for costs such as utility bills may vary from month to month depending on an individual's usage.

Biz Core’s flexible payment system allows you to make payment changes as needed so that both you and your customers can focus on what’s important.

Contact us today for a free live demo!

Direct debits can be reversed and this is referred to as a chargeback. If a customer wishes to reverse a direct debit, they can make a chargeback request through their financial institution. A customer may request a chargeback for several reasons, including:

Once your business is set up with Biz Core’s payment processing system, you’ll be able to set up direct debits and manage payments with ease. Our system provides flexibility and automation so you can focus on growing your business without laborious payment processes.

No. To set up a direct debit, a business must be approved as a direct debit entry user by a financial institution. A signed direct debit authority form is also required.

Direct debit is a cardless payment method with payments coming directly from a customer's account to a business’ account.

A direct debit is an authorised automatic transaction that transfers funds from a customer's bank account, rather than their debit or credit card, to a merchant's account. Direct debits are often used for recurring scheduled payments, though they can also be used for one-off payments.

Once you and the customer have agreed on the amount to be debited and the payment schedule, your customer will need to provide you with their BSB and account number. The customer will also need to complete a direct debit authority form. Then, once the form is signed, the customer’s account will be debited according to the amount and schedule agreed upon.

Offering incentives is a great way to encourage customers to pay via direct debit. Popular incentives include:

To set up a direct debit, a business first must obtain a signed direct debit authority form from the customer. Biz Core’s direct debit system has made this process simple and hassle-free for both the business and the customer.

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.

Typically, a direct debit will continue until either the customer or the company contacts their respective banks or payment providers to cancel the direct debit.

In Australia, direct debit payments can take anywhere from 1-3 business days to clear. This timeframe will depend on the customer’s banking institution and the date of the direct debit.

The amount on your billing statement depends entirely on the payment plan you have set up with your lender or subscription service. To stop direct debit payments, you must consult your provider directly. Please refer back to your payment plan and direct debit amount with your lender or subscription service.

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!

If a customer wishes to stop a direct debit completely, they can do so by contacting their bank directly or their provider who they are making payments to.

Direct debit and BPAY are different. Direct debit is an authorised automatic transaction that allows a business to debit funds from a customer’s account to the business account.

Short for ‘bill payment’, BPAY is a service that allows someone to pay their bills through online or mobile banking.

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.

A direct debit dishonour occurs when a direct debit fails, usually due to insufficient funds. This typically incurs a dishonour fee and is recorded on the bank statement. The best way to avoid a direct debit dishonour is to ensure there are sufficient funds in the bank account.

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.

Contact us today to find out how Biz Core’s direct debit system can simplify your payment and customer management.

Direct debit and direct credit are often confused with each other. However, a direct debit is an automatic transaction which withdraws funds from a customer's bank account. A direct credit is an electronic deposit into a bank account.

A direct debit reversal often occurs when a customer disputes a direct debit payment and the funds are then returned back into their bank account.

A direct debit occurs when funds are taken directly from a bank account. On the other hand, recurring card payments are charged directly to the card.

Biz Core’s advanced and secure payment software makes processing both direct debits and card payments a breeze. Contact us today for a free live demo!

Direct debit is an authorised transaction that allows a business to debit a customer’s account on a scheduled recurring basis. However, a direct bank transfer is when a customer can transfer a once-off payment from their bank account to a business.

Direct debit and recurring payments are both automated payment methods, but they differ in structure and control. Direct debit allows businesses to withdraw money directly from your bank account, often varying in amount based on the bill and can take a few business days to process. Whereas, recurring payments involve a set amount that you authorize to be charged at regular intervals, like a monthly subscription. These payments are usually easier to set up and process more quickly, as they’re often linked to cards. Essentially, direct debit is a broader category, while recurring payments are a specific use case within that framework.

While the customer will provide their authorisation, generally, the provider controls the direct debit amount.

With Biz Core, our system allows your business to change direct debit amounts and payment schedules with ease and with no stress to your customers. Contact us today for a free live demo!

A business will initiate a direct debit payment. However, this will only occur once the business has obtained a signed direct debit authority form from the customer.

Biz Core makes setting up a direct debit easy for both your business and your customer. Contact us today for more information and a free live demo!

Direct debits occur on the same date each time. If the date occurs on a weekend or bank holiday, then the direct debit will come out of a customer's account the following business day.

To set up a direct debit lease, a rental agency must obtain a direct debit authority form and a rental agreement with an agreed payment schedule from the tenant. Once these have been obtained, the rental agency can set up automatic direct debit payments.

Biz Core makes the process of obtaining a direct debit authority form and setting up direct debit easy with just 3 easy steps: