SATURDAY SERVICE

Netcash has done it again !

You can now also run debit orders on a Saturday (excluding public holidays on Saturdays).

Service features

  • With Netcash you can automatically and electronically debit your clients’ accounts with your recurring and non-recurring collections as well as eliminate the ongoing expense of accepting payments through the traditional paper -and magnetic methods.
  • Debit Orders are an effective and safe alternative to receiving money in cash, by cheque or stop order.
  • Netcash does not require you to provide upfront guarantees against your Debit Order collections.
  • If you want to process on a Saturday, the batch needs to be authorized before midnight on the preceding Friday.
  • Payments for these collections are released on the next working day (Monday to Friday)
    • You will receive up to 90% of your debit batch value the following working day.
    • The retained amount is released to you 22 working days later.

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