How do I set up Auto Collections?

Created by Shiva S, Modified on Tue, 2 Apr, 2024 at 2:59 PM by Varshini Ravichandran

By default, Curlec will automatically generate collection files for mandates on a recurring basis. Before creating a mandate, it is advisable to configure the Auto Collection settings that will be applied to the mandates.

To set up Auto Collection:

Click on the main menu.
Click on “Settings” - “Auto Collections”.
Tick on the checkbox to Enable Automatic Collection
Configure settings for each collection frequency tab.

Daily	Recurs collection daily.
Weekly	Set the recurring collection day of the week.
Bi-weekly	Recurs collection once every two weeks.
Monthly	Set the recurring day of the month.
Quarterly	Recurs collection once every 3 months.
Yearly	Set the recurring collection date.

5. Set your Collection Amount based on one of the following:

Default to Maximum Amount Per DD Transaction means the collection amount is the maximum amount per DD transaction agreed when customers set up the mandate.
Set Specific Amount on DD Transaction For All Collection means the collection amount can be set specifically for all mandates in one collection.
Based On Collection Amount/ Default Maximum Amount means it is based on the collection amount that was set. You could collect any amount below the maximum.

6. Set up the payment collection for a specific date:

Select a fixed date in the “Schedule Occur on” field, whether you want it to be on the 1st, 2nd, 3rd ... of each month.
You can also choose to tick on the “Enable Collection On Mandate Effective Date” box to set collection on the Effective Date of each mandate.

7. Click "Save" and refresh the page.