Debit Order | Netcash direct debit orders, NAEDO

By: Sage Netcash  11-11-2011
Keywords: Credit Card, Debit Order, Debit Orders

Netcash Collect - Debit orders
  • With the Netcash debit order system you can automatically and electronically lodge a debit order on your clients’ accounts with your recurring and non-recurring debit order collections as well as eliminate the ongoing expense of accepting payments through the traditional paper and magnetic methods.
  • Debit Orders are an effective and safe alternative to receiving money in cash, by cheque or stop order.
  • Netcash does not require you to provide upfront guarantees against your debit order collections.
  • You will receive up to 90% of your debit order batch value on the day the debit orders are processed.
  • The retained amount for your debit order batch is released to you 22 working days later.

Processing Days
Debit Orders can be processed on any workday, Monday to Friday, excluding public holidays. We have three debit order services available:

2 Day Debit Order Service
You will be required to process and authorize your debit order batch by 12pm (evening) two working days prior to the requested action (deduction) date. Funds are transferred to your account on the action date

Same Day Debit Order Service
You will be required to process and authorize your debit order batch by 11am on the action (collection) date. Funds are transferred to your account the next working day.

NAEDO Debit Order Service
You will be required to process and authorize your NAEDOdebit order batch by 11am one working day prior to the action (collection) date. Funds are transferred to your Netcash balance for immediate clearance the same day they are collected.

Credit Card Transactions
You can add and process debit orders against all Southern African bank accounts, Master & Visa Credit Cards.

Netcash will provide you with the required wording for the debit order instruction forms that need to be signed by your debit order customers. In addition, Netcash is the only service that will allow you to lodge debit orders from bank accounts as well as selected credit card accounts. Client mandates can be uploaded electronically onto the Netcash debit order system as a backup to your original documents.

Keywords: Credit Card, Debit Order, Debit Order Collections, Debit Orders

Other products and services from Sage Netcash

11-11-2011

Debit Order Online | Financial Facility South Africa | Manage Transactions Web Site | South Africa - Service Features

Whether you need to look at your customers’ payment history or need to analyze your future revenue streams based on your collection history, you will find our online reports an invaluable tool. With Netcash you do not require dedicated software which is restricting in nature because it only allows you access to your data from one PC.