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Direct Debit Payment
Direct Debit Payment
Advantages
Published on Friday, July 07, 2017
By Admin
Advantages:
o You don't have to worry about remembering payment. So, it saves time and
effort.
o No penalty for late payment.
o It is safe and secure.
o Some organisations give benefit by paying direct debit.
o If the bank has by mistake credited in someone else's account, the bank will pay
back in your account.
Disadvantages:
o The payee has to maintain a track record of direct debit payment.