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Follow on Google News | Direct Debit Takes Guarantee to be Part of Direct Debit PaymentsBy: AccessPay Importance of Direct Debit Payments In case there is any error on the payment of the money, the direct debit guarantee protects the payer’s money. There are cases when an incorrect or even fraudulent payment has been made and which has given rise to any kind of transaction issues. Whenever such situation arises, the money automatically comes back to the payers account. Full and immediate refund of the amount is the main feature of thus Direct Debit Service system. There are three ways in which the direct debit guarantee works. The primary method is notification. In this process the payer is notified in advance of the payment that is to be done in the payers account. The second method is complete refund of the money if there be any complications. The third method is cancellation of the amount to be paid. In this case, the payee has to inform the bank to cancel the payment. Always remember that these three operations are done by the bank without any consultation with the merchant. For More Information, Please Contact Us: AccessPay CEC Winchester - Crawford Place, 259-269 Old Marylebone Rd, London, United Kingdom NW15RA Email: info@accesspay.com Phone: +44 (0) 203 282 7152 End
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