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.