How to Setup Direct Debit with eUKhost?

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    How to Setup Direct Debit with eUKhost?

    Now, eUKhost clients can pay using Direct Debit infrastructure!
    Since we are getting numerous enquiries relating to Direct Debit Payments, we have recently introduced a Bank to Bank payment system called as Gocardless. So that our clients would be comfortable making Online Direct Payment to us through their Bank Account.

    How could I use Direct Debit for making eUKhost payments?

    You would be able to set a direct debit for recurring payments of your services at eUKhost by following the below steps:

    1. Login to your client area at eUKhost.
    2. Click on the unpaid invoice.

    3. Select the payment mode "Direct Debit" from the drop down menu at the top right corner of the respective invoice.

    4. Click on "Setup Direct Debit"
    5. Finally, the webpage would redirect to the Gocardless page. You need to fill-up the requested information, and you are done with setting up an Online Direct Payment!!

    Accordingly, you would be signed up with Gocardless, you would need to note down the login credentials for your future reference.

    Now what is Gocardless !

    GoCardless is a next generation payments company based in London. GoCardless is the best payment gateway for initiating/collecting payments using the Direct Debit infrastructure.

    How does it works?

    The payments that you have initiated using Gocardless are directly paid into our bank account. The back-end process is as follows:

    1. You make a payment through Gocardless on the 1st Day.
    2. Gocardless sends a payment advice to your bank on the same day.
    3. Gocardless would receive the payment from your bank within 3 to 5 business working days (on the same day it would be applied to your due invoice).
    4. Finally, on receiving your payment to their bank account, Gocardless pays it to our bank account, and the payment is confirmed by us on the 12th day from the payment created date at our bank Account.

    Also, take care for the next payment date that a duplicate transaction would not be initiated by you since you have already set a direct debit in the previous month.

    Is my money safe at Gocardless?

    Gocardless is regulated as a Small Payment Institution by the FSA (Financial Services Authority) and they are sponsored to use the Direct Debit infrastructure by the Royal Bank of Scotland. All money collected is held in a secure client monies account with RBS hence, nothing matters as far as safety is concerned.

    What are the limitations of GoCardless?

    GoCardless is a great payment gateway for initiating/collecting payments using the Direct Debit infrastructure. However, there are some limitations too. They don't allow you to:

    • Take credit card payments.
    • Accept instant payments - Direct Debit payments take 3-5 working days to clear. Hence, GoCardless can't be used ideally for goods that need to be shipped quickly.
    • Accept payments from non-UK bank accounts - Soon, GoCardless will be available across the EU, and then further afield.
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    Last edited by JeffreyJ8; 20-10-2012, 14:42.

    Thanks for sharing interesting blog..