Yes. Direct debit payments are initiated by the merchant and made directly from a customer’s bank account. It is processed via the respective networks in different countries namely ACH in the USA, BACS in the UK, SEPA in Europe. Here is an overview of what MYFUNDBOX can do for you if you want to accept direct debit payments directly from your customers’ bank accounts.
– For the US, MYFUNDBOX supports ACH payments via Stripe and Authorize.Net.
– In the UK, Eurozone and Sweden, MYFUNDBOX supports direct debit payments with GoCardless – an online direct debit provider based in the UK. Here’s more on accepting direct debit payments with MYFUNDBOX.