Debit Order Collections
Automate the collection of funds due from your customers’ bank accounts.
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Choose from either our Web or Pro Solutions below.
Wirecard Web Solution
Wirecard Web is an Internet based solution that gives you the ability to use the Wirecard Web Console to manage debit order collections. The Web interface eliminates the need to upload files and store data, but still allows a range of functionality. Data is stored on Wirecard’s servers in a secure environment. This solution is typically recommended for monthly debit orders of 100 or less.
Wirecard Pro Solution
The Wirecard Pro solution enables companies to directly upload a debit order collection file. The solution includes modulus checking, full payment administration and comprehensive reconciliation reporting – all operated online and accessible by the Wirecard Web Console.
Key Benefits
Fully automated debit order system and management system
Better cash flow
Decreased delinquency in accounts
Better budget planning
Lower cost than credit card transactions
Hassle-free collection of funds
Get paid when payment is due
Easy set-up
Key Features
Customer collection information at your fingertips when you need it – in real-time
Create and manage debit order customers
Create Campaigns or Sort Levels
Load Bank Account information
Set up recurring debts
Set up time and date frames for debits
Submit collections
Access in-depth reporting
Processing Times
Same Day Value (SDV)
The Same Day Value service provides the ability to submit and deduct a debit order on the same day that the debit is to take place. Debit Order submissions must be received by Wirecard no later than 11:00 am of the action date. The debit will appear on the customer’s account on the day after the action date, but will be effective the from action date.
Two Day Value (TDV)
The Two Day Value service requires debit orders to be submitted to Wirecard two full business days prior to the action date. The debit order batch must be received by Wirecard before 11:00 am.
