A Direct Debit is where a person (Payer) authorities a business to withdraw funds from their bank account or credit card. Typically used for recurring or subscription payments.
Why should I use Direct Debit
Direct Debit helps to improve cash flow by giving you control over when and how often you are paid. It removes the need for you to chase customers for payment and allows your customers to set and forget their bill payments, which helps to avoid missed or late payments and associated dishonor fees.