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Direct Debit as a business owner


Dunk-Section G

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Dunk-Section G

Does anyone have any experience of setting up direct debits for customers?

 

From basic research I can see that you get charged 4-5p per transaction, although I am not sure if that requires a specific volume etc.

 

Any thoughts would be appreciated.

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I don't have any experience of setting one up but as a general observation this could be why a lot of small businesses charge 5p or so for transactions under a certain amount, such a ?5.

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Hot since 86

Does anyone have any experience of setting up direct debits for customers?

 

From basic research I can see that you get charged 4-5p per transaction, although I am not sure if that requires a specific volume etc.

 

Any thoughts would be appreciated.

 

I am a banking adviser for a high street bank and have done this a few times, speak to your business manager and negotiate a tarrif, if you have a good relationship it can be cheap but is alot of hassle for the bank so if your current bank bumps you off pm me and i will be happy to take the business :thumbsup:

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