Direct Debits

 

Account validation

Accepting customers’ bank account details to set up direct debits can be time-consuming. The account number, sort code and other details may not match. You may have to follow up with your customer to confirm details.

The Realex Payments Virtual Terminal service is a comprehensive validation tool that can greatly reduce costs associated with wrong sort code or account information.

It allows you to:

  • Verify that the sort code is correct for that branch
  • Verify that the account number is valid
  • With some banks, verify that the account number is a valid number for that sort code
  • Display all details of the branch, including name, address and phone number

The virtual terminal is a browser-based tool, so no installation is required on your side, just internet connectivity. Alternatively, you can integrate our validation tool with your own in-house systems.

Direct Debit processing

One of the downsides to collecting money by direct debit is that a business needs to install software...