A popular payment technique that is being extensively used across various nations is known as direct debit order service. The main purpose of this service is to authorize and streamline automatic payment of a number of outstanding bills.

1. Benefits Of Using An Efficient Debit Order System
A popular payment technique that is being extensively used across various nations is known as
direct debit order service. The main purpose of this service is to authorize and streamline
automatic payment of a number of outstanding bills. This guarantees convenient and efficient
payment of bills. But before establishing a debit order system, it is important for the account
holder to give his consent to the firm offering account debit facility. The permission is acquired
by the organization offering these services through a payment slip. This slip is then handed over
to the bank for further processing which in turn initializes the debit order.
Some basic details that need to be mentioned in the slip are as follows:
 Amount
 Current date
 Signature of the client
 The exact duration of the debit account
Nowadays direct debit order can also be established over the telephone with the help of a
formal script. This allows gathering of important information. With the advancement in
technology, the information can also be gathered through the internet with the help of an online
application form.
There are various benefits of using a debit order system that are mentioned below:
 It is quite easy to setup up this collection system.
 It is the most convenient and efficient method of making payments.
 Setting up this system helps a person to free himself from the worries that are related to
late payments and fines.
 It is one of the most affordable payment methods that exists in today’s age. In fact, this
method is even more affordable than depositing a cheque that includes the cost of an
envelope and some stamps.
 The customer has complete control over the amount to be debited as well as the date of
payment.
This ensures a higher level of protection for clients. According to this scheme, a client is allowed
to perform the following:
 The debit order can be cancelled by the client at anytime and as per their own choice.
 It becomes compulsory for the beneficiary to inform the client about any changes in the
payment date and that too in a written format.

2.  If by mistake the client’s money is collected incorrectly then the bank is held liable to
give him a full refund
Reasons For the Introduction of Debit Order Collection System in the Business World:
 The system gives control over the client’s debit bank account as well as over the amount
he owes to you.
 It also provides complete control over payments made by the debtor and in turn
enhances cash flow.
 Offers flexibility in dates fixed for collection.
 Instant availability of cash.
 Information of payments and non-payments made during a particular period of time.
 Helps save a lot on the amount charged by banks
 Cash deposits not required.
 Reduces security risks as availability of cash inside the premises is nil.
 No need to personally meet the clients to gather payments.
Hiring debit order service from companies offering effective debit order system is perfect for
a business owner looking forward to collect funds on a once-off or recurring basis from client
bank accounts.