This shows you the differences between two versions of the page.
what-is-the-naedo-service [2019/02/28 07:04] |
what-is-the-naedo-service [2020/06/05 12:46] (current) Schuzelle van Wyk created |
||
---|---|---|---|
Line 1: | Line 1: | ||
+ | ====== What is the NAEDO debit order collection service? ====== | ||
+ | Non-Authenticated Early Debit Order (NAEDO) aims to level the electronic debit order collection playing field by creating an equal opportunity for creditors to collect funds from their debtors. | ||
+ | |||
+ | NAEDO debit order collections allow for collecting up to R30, 000 per debit instruction and run in a preferential, | ||
+ | |||
+ | Credit tracking of up to 32 days may be included on NAEDO collection instructions. If a debtor obtains funds within the tracking period these will be immediately debited to fulfil the NAEDO debit order. | ||
+ | |||
+ | All NAEDO payment instructions, | ||
+ | |||
+ | In order to process through the EDO system you will need to be registered with the PSSF. |