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Direct Debit (Offline Bank)
Direct Debit allows the consumer to instruct their financial institution to authorize another company to withdraw funds from their account on a single or recurring basis. This form of payment is commonly used in Europe to make automated electronic debits for online bill pay. Direct Debit functions within a larger payment scheme controlled by the UK-based industry body Bacs (Bankers Automated Clearing Services), a nonprofit company owned by 15 top European banks and financial groups. Direct Debit is one of two major payment products controlled by Bacs, and the method is widely recognized as a reliable and steadily growing payment option. Bacs provides Direct Debit service exclusively to the UK and Northern Ireland.
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Payment Processor
Bacs Payment Schemes Limited
Bacs (Bankers Automated Clearing Services) is a not-for-profit, membership-based industry body, responsible for the processing of automated payments in the UK. The company is owned by 15 leading banks and building societies in the UK and Europe, and the company is recognized as a major business-to-business brand in the United Kingdom.
Address
2 Thomas More Square London, England E1W 1YN United Kingdom
Website:www.bacs.co.uk
General Information:+44 870-1650018
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