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when-should-my-business-use-naedo-debit-order [2015/10/13 10:17] |
when-should-my-business-use-naedo-debit-order [2020/06/05 12:46] (current) Schuzelle van Wyk created |
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+ | ====== When should my business use NAEDO debit order? ====== | ||
+ | The NAEDO Service is provided by participating banks including ABSA,First National Bank (FNB), Nedbank, Standard Bank, Mercantile Bank and Bank of Athens, which enables companies and other bodies to process payments entirely by computerized means. | ||
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+ | NAEDO payment instructions support multiple presentments thereof. If these are unpaid after the first presentment, | ||
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+ | All NAEDO payment instructions, | ||
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+ | Here is an example of an industry which the NAEDO debit order service works the best for: | ||
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+ | Insurance brokerages collecting a monthly premium from one of their clients for funeral cover would be best off making use of a NAEDO debit order system. The likelihood of this client having funds available is quite low and tracking will be useful to keep tabs on the client' |