APACS - the UK payments association

Standing Orders

Why do many companies seem to prefer direct debits to standing orders?

A standing order instruction is for a fixed amount. The customer must sign a new instruction whenever the amount changes, however Direct Debit Instructions are for variable amounts, which means that the company simply informs the customer in advance if the amount of the payment changes the customer doesnt have to sign a new instruction each time saving time and adminstration costs for the company.



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Standing Orders More information on Standing Orders.

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