Why Direct Debit?

There are many benefits associated with using Direct Debit for payment collection. 

1. Convenient

   • You and your customers will not have to worry about missing payment dates as recurring payments are automated.

2. Cheaper

• The transaction fee for Direct Debit is significantly lower than other payment options like Auto Debit.

3. Flexible

• The payment collection date and amount are variable as long as the agreed maximum collection amount and frequency are not exceeded.

4. Safe

• Direct Debit in Malaysia is operated by PayNet, which has a secure payment infrastructure tightly regulated by Bank Negara Malaysia.

5. Everywhere

• More than 90% of Malaysians have an online banking account, which is the only requirement to set up Direct Debit.