Are your customers paying you by direct debit?

Posted by Michael Foudy
Last updated 12th July 2021
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  • Until relatively recently, it was very difficult for small businesses to charge their customers by direct debit. That has all changed, and the use of payment network suppliers such as GoCardless can revolutionise the running of your business. Here’s why:

    1. You get paid faster and with more certainty.
    2. You reduce your admin - GoCardless syncs with your cloud accounting system so that direct debit payments automatically allocate to your corresponding sales invoices.
    3. No need for credit control - No need to chase customers for their payments, you have the peace of mind of knowing how much and when you will be paid
    4. Improved working capital - less financing required and you can unlock that free cash to invest in your business.
    5. You save money - less admin, less credit control, less bank interest charged, that all means one thing!
    6. Flexibility on subscription charges - Ever tried requesting that your 100+ customers all change their standing order? It’s a nightmare …… with GoCardless you can increase and decrease the value of the subscription when you want which facilitates great commercial opportunities.
    7. No more bad debt

    Can your accountant help you to provide the end-to-end solution for direct debits and solve your cashflow heartache? Here at Laxmi we can, talk to your accountant today.

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