User Tools

Site Tools


what_is_the_difference_between_debit_order_and_stop_order

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
what_is_the_difference_between_debit_order_and_stop_order [2019/06/12 07:08]
Jaco van Wyk
what_is_the_difference_between_debit_order_and_stop_order [2019/10/31 14:01] (current)
Schuzelle van Wyk
Line 1: Line 1:
-====== What is the difference between debit order and standing ​order? ======+====== What is the difference between debit order and stop order or scheduled payment? ======
  
 {{   :​direct_debit_or_standing_order.jpg?​400|}} {{   :​direct_debit_or_standing_order.jpg?​400|}}
Line 5: Line 5:
  
  
-standing ​order is a regular payment that you can set up from your own account to pay other people, organisations or transfer to other bank accounts. You can amend or cancel the standing ​order when you like. This type of transaction comes from you as the payee directly. ​ A debit order can only be set up by the organisation to which you're making the payment.+stop order or scheduled payment ​is a regular payment that you can set up from your own account to pay other people, organisations or transfer to other bank accounts. You can amend or cancel the stop order when you like. This type of transaction comes from you as the payee directly. ​ A debit order can only be set up by the organisation to which you're making the payment.
  
-In simpler terms a standing ​order is an instruction that you issue to your bank to make a series of future dated recurring payments, whereas a debit order is an instruction that you provide to a third party to pull the funds from your bank account.+In simpler terms a stop order or scheduled payment ​is an instruction that you issue to your bank to make a series of future dated recurring payments, whereas a debit order is an instruction that you provide to a third party to pull the funds from your bank account.
  
 Need [[https://​www.directdebit.co.za|debit order collection]] for your business? Need [[https://​www.directdebit.co.za|debit order collection]] for your business?
what_is_the_difference_between_debit_order_and_stop_order.txt ยท Last modified: 2019/10/31 14:01 by Schuzelle van Wyk