The UK Direct Debit Scheme is owned and operated by a wide range of financial institutions within the UK and is an efficient way for organisations to collect regularly occurring payments from large numbers of customers.
It is solely a method of collecting payments and the Banks are not responsible for any underlying contracts between the Originator (in this case Purepromoter Ltd) and the their customers
There is now widespread use of Direct Debits – around two thirds of people in the UK pay at least one bill this way and the volume of Direct Debits is growing each year. The Direct Debits Scheme brings considerable cost saving advantages to both the Originators and payments industry.
The benefits for the Payer
- An easy and convenient payment method
- Ensures that payments are made on time
- Direct Debit can help with budgeting by spreading payments over time
- Discounted price and extended credit terms
- Guaranteed refund in the event of error.
It is the only payment that protects the interests of the Payer with a guarantee. The Direct Debit Guarantee provides assurances to the Payer that any monies debited in error will be immediately refunded by the Payer’s bank. Advance Notice must be given if the terms of the payment change and the Payer may cancel a Direct Debit instruction at any time
Further information:
Payments and credit policy
Signing up for payment by Direct Debit
Direct Debit collection timescales
The Direct Debit Guarantee
Direct Debit mandate form