Setting Up Direct Debit for Small Business

At Biz Core, setting up direct debit for small businesses has never been easier with our secure, cloud-based online payment processing platform. Compatible with a wide range of banking institutions, Biz Core offers flexible payment options for your customers, and greater control over cash flow for your small business. Talk to our team today about scheduling a demo.

What is a direct debit system?

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 from one central location.

Is direct debit safe?

In Australia, in order to make and collect direct debit payments, a business must be approved as a direct entry user by a financial institution. This requirement, along with the direct debit authority form, make direct debit one of the safest methods of payment.

At Biz Core, we take data security seriously. That’s why our direct debit processing platform is safeguarded using the multilayered Microsoft Azure Cloud Security. With built-in security controls and real-time global cybersecurity intelligence, our system rapidly identifies and stops new threats.

How do I Set up Direct Debit with Biz Core?

Biz Core’s direct debit system ensures setting up direct debit for small business is a fast and simple process. The set up takes just 3 quick steps:

1. Set up the payment schedule

Enter the payer details, amount, and payment schedule into Biz Core. The platform has purpose-built tools to make this quick and painless. Biz Core offers flexible payment plan setup options so you can provide your customers with a range of payment options to suit their situation.

2. Send the direct debit authority form

Once you have set up the payment schedule you will need the customer to sign and return a direct debit authority form to initiate the automated direct debits. Once you have finished filling in the details, our 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.

3. Payments are automatically direct debited

That’s it! Once the form is signed, direct debits will be automatically processed from the first scheduled payment date until the end date (or until the direct debit is cancelled or altered).

Contact our team today to schedule a demo and find out how Biz Core can support your small business.

How can direct debit benefit my business?

Every business owner knows the struggles of chasing late payments, predicting cash flow, and managing customer data. But with Biz Core’s all-in-one direct debit system, automating your processes, forecasting the success of your business, and providing customers with positive payment experiences has never been easier.

The advantages of Biz Core’s direct debit system including allowing you to:

• Get paid on time, every time – reduce time spent chasing customers for forgotten payments by setting up automatic recurring direct debits.
• Manage customer data – manage large volumes of customer data in a secure, cloud-based system without the need for messy paperwork.
• Keep track of your cash flow – keep a 360° view of your business with real-time dashboards and easily accessible daily reports.

Why choose Biz Core?

At Biz Core, we know it’s tough out there for small businesses. That’s why we offer a 10% commission on customer charges for every successful transaction processed that month. We work to keep your costs low and your income high!

Along with keeping costs low and offering a reliable and secure payment processing platform, Biz Core is also Australian owned and operated. Our onshore customer support team is passionate about providing a positive experience for both you and your customers, and ensuring your business continues to grow.