As per the information detailed by SumUp, the direct debit capability is available as of the announcement for all UK-based merchants who have a Business Account, a solution that provides merchants with control over their finances. The Business Account can be managed through a smartphone and allows merchants to spend, save, and administer their funds.
Automated recurring payments, including utilities, subscriptions, and memberships, thus minimising the time spent on manual tracking and processing;
Reduced administrative difficulties as merchants do not have to manage or chase late payments;
Minimised costs by reducing the risk of errors and resources spent;
Increased security and compliance, with direct debit payments being safeguarded by the Direct Debit Guarantee that ensures customers get their money back if a payment is made in error.
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