Debit Orders
Paysoft offers a highly secure and cost-effective debit order collection system that can be processed through South African bank accounts – current, cheque, savings, or transmission.
How does the product work?
The client submits transactions for debit order collections to the Paysoft system, which we then process through the banking system. The individual debtor accounts are debited at each bank, and the total amount of funds collected are credited to the designated client or Paysoft bank account. Pay-out rules are tailored to client risk profiles.
Product features
Product benefits
Processing deadlines
Same day: 15h00 |
One-day: 14h00 |
Two-day: 11h00 |