No – we use Standing Order and here is why….

Direct Debits

Pros

  • Controlled by business (though customer can cancel at any time)
  • Business immediately notified of failures
  • Business can collect variable amounts

Cons

  • Provider needed
  • Cost for taking a DD payment
  • 5 working days to receive cleared funds after DD is submitted

Standing Orders

Pros

  • No provider needed
  • No cost for receiving SO payment

Cons

  • Controlled by customer (reliant on payer setting up/amending)
  • Business not notified of failures

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