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Home > 2013 > May
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May 26, 2013

Intelligent debit order (IDO) collection facility

Direct Debit has been at the forefront of debit order collections for the last century. Since the addition of the EDO (NAEDO and AEDO) debit order services in 2006,...
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What is a debit order facility?

Debit order collection in South Africa is performed via ACB. The bank account holder may authorise a business to collect direct debit payments via a debit order system.

Clients sign a debit order mandate giving the requesting business permission to debit their account with a fixed or variable fee.

Debit order administration facility via:

Debit Order GetCashFlow

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Debit order vs direct debit?

In South Africa a direct debit is referred to as a debit order. Direct debits and debit orders essentially refer to the same service.

A debit order is an instruction that a bank account holder gives to the bank to allow a third-party to collect an amount directly from the bank account. It is similar to a direct deposit but is initiated by the beneficiary.

Our debit order system is perfect for any business looking to collect funds on a once-off or recurring basis from client bank accounts.

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