5 Practical Reasons Why Non-Profit Organisations Must Consider Debit Order Solutions
Payport Explains Why Your Non-profit Organisation (NPO) Should Use Debit Order Collections And Highlights The Top Benefits Thereof.
When we speak about debit order collections we are referring to the facilitation of debit orders as a means of securing regular payments for your non-profit organisation. Aside from the maintenance of a steady cash flow, debit orders can provide your non-profit organisation with financial security while ensuring its long-term sustainability.
What is a Debit Order?
A debit order is a convenient way for your non-profit organisation, as a permissed third party, to collect money from your donors or customers. Debit orders which are authorised by the account holder to allow a non-profit organisation to collect money from their bank account at regular intervals.
Payport Recommends Debit Order Collections For Non-profit Organisations
As a non-profit organisation, you need to inspire your donors and customers to act on the pro-social opportunities that you provide in order to create a positive change in your community. The number of non-profit organisations such as churches, non-governmental organisations, unions, charities and other cultural and educational institutions, has increased drastically in South Africa.
Along with this influx of charitable organisations, a recent report indicates that NPO’s are becoming increasingly more innovative to secure funds. Payport is proud to assist various non-profit organisations like yours, to seamlessly collect debit order donations, service fees and membership fees with our comprehensive debit order collection solution.
While There Are A Variety Of Ways That Payport SA Can Help Businesses And Non-profit Organisations Meet Their Business Goals,
These Are The Top Five Benefits Of Debit Order Solutions:
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Steady cash flow – Debit order collections improve the consistency of your organisations’ cash flow.
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Efficiency – The efficiency of debit order collections saves your business or organisation time which saves you money.
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Direct income – Debit order collections ensure the money collected goes directly into your organisations’ bank account.
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Security – Payport direct debit orders are set up with many levels of security measures in place to ensure peace of mind.
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Sustainability – Because Payport’s debit order collections are set up using automated systems, this is a remarkably sustainable or long term solution for your organisation.
How Payport Debit Order Solutions Work for Non-Profit Organisations
We understand that running any sort of organisation, especially a non-profit organisation, is incredibly time-consuming, and due to these constraints, Payport has undertaken to make debit collection solutions as easy and as efficient as possible.
Payport’s simple process allows you to enter debtor or beneficiary details directly onto our secure platform. We then submit the debit order batches to the banks and process the payments into your organisation’s account. You also receive personalised transaction reports that highlight successful, returned and rejected transactions.
Take A Look At Payport’s Debit Order Solution Options:
PayPort offers current and practical debit order collection solutions for a variety of businesses and non-profit organisations. With over 18 years of industry experience, we offer innovative solutions to all of your debit order collection needs.
IntelliDebit or NAEDO (Non-Authenticated Early Debit Orders)
An IntelliDebit or NAEDO instruction is similar to a traditional debit order. However, it is processed as close as possible to salary and wage dates to increase the likelihood of a successful debit order collection.
Same Day Service
This service allows for collections during week days. The debit transaction will appear on the client’s account on the day after the action date, but will be effective from the action date stipulated by your organisation.
Two Day Service
Like the Same Day Service, this service allows for collections between Monday to Friday. The run file must be received by PayPort two business days prior to the action date. All funds for a particular run are transferred directly from or into the user’s nominated bank account at any banking institution.
More Reasons To Use Payportsa’s Debit Order Collections
1. A low cost, efficient method
PayPort offers lower per-transaction fees than most debit order collection solution service providers in South Africa. Our verification process also reduces the number of returned transactions.
2. Special support
Our knowledgeable and friendly support team is always on hand to respond to any queries that you might have and will try their utmost to assist you.
3. Tailored
With our added efficiency, we can process your non-profit organisations debit orders as well as assist you with creating beneficiaries and payrolls for your staff.
4. Security
We take security seriously so that you don’t need to worry about that over and above your debit order transactions. Our built-in system security and background secure server protocols keep close and vigilant watch over your organisation’s information, financial data and accounts.
5. Personalised, comprehensive statements and reports
Easily access comprehensive reports on your non-profit organisations debit order batches. Our comprehensive reports allow you to monitor every one of your organisation’s successful, returned and rejected transactions on the PayPort platform.
Contact us today for innovative debit order solutions.