Colin Walker
National Sales Manager
PaySmart is the industry benchmark by which all direct debiting should be judged.
Cash flow is the lifeblood of running a healthy business, and direct debit billing maximises the strength of your cash flow.
But the question is, how on earth can you choose the best direct debit provider for your business when the marketplace is awash with disparate propositions, vagaries, ‘hidden’ costs and varying quality of services provided? How can you make the right decision when there are no Direct Debit Billing Industry Standards to refer to?
In the interests of establishing a level playing field, and to assist you in navigating the vagaries of the direct debit billing industry, PaySmart has established an appropriate benchmark for the direct debit billing industry.*
PaySmart’s ’10 Benchmarks of the direct debit industry*’ are what we consider to be ‘best practice’ and set our recommended standards for full service Direct Debiting.
They are based on the suite of services we provide and will enable you to compare apples with apples, to clearly quantify what other Direct Debit companies have (or do not have) to offer, and to assist you in making an informed decision.
Don’t sign with anyone unless they meet this direct debit industry benchmark+.
No-cost benefits
PaySmart provides FREE OF CHARGE: Online account access 24/7 so you can see your account details at all times to stay informed and on top of your business situation. Reports emailed direct to your desk, so that... Read moreSecurity
PaySmart sets the Benchmark with Level 1 (Version 2) PCI-DSS Compliance. In the internet driven world where data security is critical, FFA PaySmart sets the benchmark by achieving Level 1 Payment Card Industry (PCI)... Read more+*Disclaimer
* This benchmark is established by PaySmart, as what PaySmart considers to be the most appropriate benchmark for the direct debit billing industry+. This is not an approved industry benchmark or industry standard for the direct debit billing services industry.
+ ‘No additional or hidden fees’ refers to fees charged over and above: normal ‘administration’ or ‘transaction’ fees; normal one-off account set up fees and other fees agreed in advance with our clients. This does not include extraordinary charges incurred by PaySmart (including legal costs) for actions or non-actions of clients or their customers outside normal operational arrangement as agreed in the PaySmart Direct Debit Services Agreement and the PaySmart Direct Debit Authority.
+‘No cost to your business’ and ‘no cost to you’ only apply if our clients choose to pass on transaction fees and set up fees to their customers as part of their contractual agreement with them.
