Payments Definitions Glossary

What is Paperless Direct Debit?

Paperless Debit Direct debit is a payment method that allows an organisation to instruct their bank to collect varying amounts directly from customers' accounts.

NETBANX offers Paperless Direct Debit 

With NETBANX you can use this additional payment method with your customers offering you the certainty of receiving payment and on time with the additional benefit of the reduction of charge backs.

Find out more about accepting Paperless Direct Debit payments with NETBANX and its benefits.

Get started and accept Paperless Direct Debit payments today. 

More Payment Definitions

Asking yourself "what is PCI Compliance"? Find out about more payment terminology from our payments glossary, including what is: 1-Pay Direct | 3D Secure | Acquiring Banks | Address Verification System | Bureau Service Provider | Credit Card Payment Provider | Credit Card Processing | Credit Card Processor | Debit Card Processing | Deferred Billing | Dynamic Currency Conversion | Electronic Payments | ELV Payments | Giropay Payments | Internet Merchant Account | Merchant Account | Merchant Account Provider | Merchant ID | Online Credit Card Processing | Online Direct Debit | Online Merchant Account | Online Payment | Online Payments | Paperless Direct Debit | Payment Bureau | Payment Gateway | Payment Processing | Payment Processor | PCI Compliance | Shopping Cart