Direct Debit services have been gaining a lot of popularity and most of the people in the UK have started using these services for making and receiving payments. To activate using the services of Direct Debit, it is important to possess a Service User Number (SUN). Obtaining this number is essential for all those companies that are looking for in-house setup. This setup might be expensive both in installation as well as maintenance. Besides, obtaining a SUN can be a time consuming process. Thus, it is advised to use the Direct Debit Management Service provided by various companies who will integrate the company's website with their website and take care of all the transactions in an organised and secured manner.
Obtaining a SUN from a sponsoring bank can sometimes be assisted by the service provider, and companies like SmartDebit provide this facility as well. But for this you need to have a certain minimum turnover where the small and medium enterprises cannot fit in. For such companies Direct Debit Management Service would be the best option. BACS is the governing organisation that takes care of all the activities and transactions being undertaken under Direct Debit. Even if your company gets approved for obtaining the Service User Number, it is always advised to take the assistance of experts in learning the complete setup and usage for hassle free performance of the system.
Your company’s name would appear on the bank statement of your client from whom the payment is received or to whom the payment is being made, even if you do not possess the SUN. With Direct Debit Management Service from an experienced service provider, you will have the option of going paperless and using only eco-friendly options to deal with your clients. Reports can be provided depending on the time period chosen by you in the form of a document or via email. All the transactions that the service provider will carry on are encrypted to give maximum protection and avoid any unauthorised usage of personal or financial information.
The transactional fees of Direct Debit Management Service provider will be very low and transparent with no hidden costs. So you will not have to worry about the size of the transaction because the fees won't alter depending on the size of it. Low fees, easy maintenance and improvement in the financial transactions are a few advantages that you can expect from the services of Direct Debit.
Direct Debit Mgmt Service for Those Who Can't Obtain SUN