Direct debit is one of the best ways to get and make regular payments with ease and convenience. With direct debit, the payee instructs his/her bank to give out cash for services rendered to them by a payee.
(prHWY.com) August 27, 2012 - Essex, United Kingdom -- Direct debit is one of the best ways to get and make regular payments with ease and convenience. With direct debit, the payee instructs his/her bank to give out cash for services rendered to them by a payee, which is the person or firm offering the services. For charities and organisations looking for donations, direct debits for charities is a very viable and reasonable way of getting those funds trickling down to you. One thing however, is that the system can be rather costly in setting up and will require you to have your own in-house checking systems.
For any direct debit institution to offer the direct debits for charities service, there will be need for your organisation to meet all required criteria. That is, your company has to reliable administratively, financially and with integrity before you can be deemed viable. However, as you consider taking the direct debit system, you have two payment processing options to choose from and these are; whether to take up handling of payments as an organisation or hiring an external payment processing agency to handle processing. Whatever the case, you need to ensure that the payment system works and money donated flows back to you, the charity.
To start using direct debits for charities to boost donations, you will have to get in touch with a bank. The bank will then assess your administrative and financial capability. From the banks findings, it then will advice on the systems needed in place and the scheme rules and procedural information to be applied for you and it, to be able to start collecting payments from your donors.
With this in place, you as a charity will then have to choose which direct debits for charities instruction option you wish to use to collect payments made. There are three options available, a paper-based instruction, an automated instruction and a paperless instruction. It is up to you to get whichever works the best for you as a charity. In conclusion, direct debit makes it a lot more convenient for donors to send their donations. Of course we understand that a lot of people would like to help out and give their donations however they are hindered by the difficulties of sending such donations. With the use of direct debits for charities however, you will be able to allow donations to be done easily through online banking, so donors can send their donations at the comforts of their home.
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