A direct debit is a free, quick and convenient method of making regular payments (e.g. bills, installments, subscription etc.) in a secure manner without having to visit Samba to pay your dues. Direct Debits are used throughout the world and are acknowledged as the most effective method of processing regular and periodic payments. Direct Debits collect funds from counter-parties with other banks' accounts. This facility is dependent upon the Direct Debit Mandate being signed by the counter-party.
Direct Debits are used for bill collection throughout the world by insurance companies, utilities, finance companies, service suppliers, automobile companies, and other organizations which receive regular and periodic payments.
Samba provides this service to automate the bill collection of its customers. This can be done by simply asking your customer to sign the Direct Debit Mandate, in order to instruct his/her bank to authorize you (Samba's Customer) to collect varying amounts from his/her account in settlement of outstanding bills for goods or services provided.
The participants in the Direct Debiting Scheme are
Direct Debit benefits to Samba customers