Supporting with Direct Debit Services for small businesses

How we can help

Using Interbacs to manage your cash flow can help you grow your business in a multitude of ways. Our direct debit services for small businesses have helped hundreds of companies flourish by removing the stresses of debits and credits. In doing this, we allow businesses to truly manage their future whilst we take care of the heavy admin work.

With our Direct Debit solutions, we have alleviated stress from countless businesses, considerably lowering the amount spent on internal admin. In addition, we have helped juvenile businesses flourish and realise their potential through working alongside Interbacs.

We can reduce your admin

If you choose to work with us, we can offer you bespoke software solutions, such as Direct Debit services specifically for small businesses. These solutions will allow your business to collect funds at regular intervals from your customers. Furthermore, our system is one of the most automated systems in the payment processing market. As a result, we can ensure that your cash flow is steady, with minimal input required from you and your team.

We have been partnering with small businesses for over ten years now, allowing us to grow alongside businesses across the UK. Our services enable businesses to reduce the stress of managing transactions, allowing them to focus on other areas of their business. As a result, our clients spend less time chasing after funds and more time providing a service to their customers.

Our services have become more necessary during the pandemic, as businesses need us to ensure that their incoming payments are reliable. Furthermore, our software solutions mean that a single individual can maintain control of their cash flow instead of a hired team. Using Direct Debit for small business as a solution to ensure your payment services can carry on functioning is the simplest way to make sure you stay afloat.

One of the more common problems faced by small businesses is the failure of recurring payments. It’s estimated that roughly 5-10% of all recurring payments fail every month. With us, we can alleviate most of the issues surrounding recurring payments failing. Our dedicated team will work on your behalf to ensure your payments run smoothly.

Direct Debits improve customer retention

Direct Debit payments use a customer’s bank details. These rarely change or expire. As a result, the chances of recurring payments cancelling drastically reduce, creating a better overall experience for members.

Interbacs’ Direct Debit Management Software is available in three tiered packages. Membership organisations are allowed to choose the payment solution that best suits them. Moreover, we offer a Direct Debit web service where customers can integrate their data, reduce the opportunity for errors, and allow membership organisations to provide a consistently high-quality payment service.

When using our software, you will be assigned a dedicated project manager who will assist with any problems or questions throughout the set-up process. In addition, our team will happily go through how the Direct Debit system works and how your business can use our software to its full capabilities.

What are the benefits of using Direct Debit?

If used correctly, the Direct Debit system can ensure a business secures a steady cash flow from its customers. By creating a regular payment policy, customers will remain loyal to a business due to its reliability. That is if they ensure their service is given after they have paid, of course.

The Direct Debit guarantee also gives a layer of insurance to the customer. Knowing that they are protected really helps in initially drawing in and creating a customer base. The Direct Debit guarantee is in place for the rare occurrence that there is an error in the collection of the payment. For instance, if the frequency or amount is incorrect.

The customer can cancel a Direct Debit at any time, through the business or their bank. Therefore, they have total control of their payments. Furthermore, if there is to be a change in the amount collected, it is essential to notify the customer.

In creating a successful business, you must keep up to date and be imaginative with process automation. Using a Direct Debit service for a small business gives you an automation process that will allow your business to focus on what you do best, securing your growth.

Direct Debit for small business

Here at Interbacs, we are proud of our ability to implement Direct Debit services for small businesses. If you’re ready to streamline your cash flow and reduce admin stress, discover how Interbacs' direct debit services for small businesses can help. Call us now on 0161 667 0758.

Alternatively, email us at sales@interbacs.com