Direct debit provides your business a cost effective way to collect payments electronically. Based on receiving prior written authorization from the consumer, your business would initiate (originate) payment through the ACH. Your business account is credited for net payment the same day as the consumer accounts are debited (settlement day).
|Improved cash flow control
||Cash inflow is accelerated by eliminating mail delays and reducing availability constraints associated with check processing.
|Alternative payment option
||Enhances your customer service.
|ebiz Business Online Banking
||User friendly internet product which enables your business to create and transmit direct debit files through their personal computer.
* Subject to credit approval.