Debit Orders (Recurring) - Loading and Managing BeneficiariesDebit Orders (Recurring) - Loading and Managing Beneficiaries

Debit Orders (Recurring) - Loading and Managing BeneficiariesDebit Orders (Recurring) - Loading and Managing Beneficiaries

By loading debit order beneficiaries on the system, the system will automatically generate the batch on the correct date every month for processing. So this enables you to process recurring debit orders.


This can be done manually, or via API - see attached guides on this.

You can add or manage an existing beneficiary, change date amount or frequency of debit order. If a beneficiary is created – either individually or per batch upload, the beneficiary will be active for the full term as per the dates stipulated, if there is no ending date, it will continue until it is canceled.


 

Installments


When setting up Debit order beneficiaries, when you put the start and end date and you can add the number of installments instead of putting in the end date. You can, for example, say you need the installments for 12 months.



Beneficiary Debit Orders are automatically two-day service (2Day). Thus, the beneficiaries need to be entered or updated 3 days before they are required: the debit orders are generated very early on the day they need to be submitted to the bank.


If you want to apply for a facility with Rapid Pay Collect, please find our Application Form attached hereto.

Please email our Sales Team at: sales@rapidpaycollect.co.za with the fully completed application form as well as the supporting documents as requested.


Should you have any further questions, please feel free to contact help@rapidpaycollect.co.za

    • Related Articles

    • Getting Started with EFT Debit Orders with Rapid Pay Collect

      The process for your EFT Debit orders setup, is as follows: 1. Provide documents attached (outlined below); 2. Bank approval and registration of abbreviated name with the bank and PASA; 3. Settle the Surety Invoice for 10% of the total Expected Debit ...

    • How to submit a Debit Order batch for processing?

      This article shows you how to log into the Rapid Pay Collect platform to submit a debit order batch so that your customers' bank accounts are debited and the funds are settled into your bank account. Two ways of processing debit orders : Manually via ...

    • How to test the Debit Order API - SANDBOX Environment?

      We create a TEST/SANDBOX account to simulate Debit Order processing on a continuous basis. This will include : TEST API key TEST Client code TEST URL: https://api.sandbox.rapidpaycollect.co.za Payments submitted to this test system do not get ...

    • About Rapid Pay Collect - Collections & Payment Specialists

      Automate your Collections and Payments....RAPID PAY COLLECT - visit website, click here. Rapid Pay Collect, offers financial and credit management products to assist clients with credit vetting, and payment and debit order collection processing, ...

    • DebiCheck Transactions NAEDO Migrations Promotion, by Rapid Pay Collect

      Introducing DebiCheck.... The future of collections is here… For years the market has been asking for a more advanced form of debit orders – a system that protects both parties to the transaction.  DebiCheck is the answer! Developed over a period of ...