Resumen
Netcash is a payment services provider in South Africa. It helps businesses accept payments online, set up recurring debits from customer accounts and collect payment on invoices.
Methods
- debit orders: the customer authorises the company to debit their bank account on a regular basis;
- DebiCheck: a form of debit order where the customer confirms the mandate with their own bank, which reduces disputes and reversals.
Features
- online payment acceptance;
- scheduled recurring collections;
- invoice payments.
Who it is for
Recurring debits suit companies with monthly payments: insurers, schools, gyms, subscription services, landlords and microlenders. Instead of waiting for clients to pay, the business collects automatically on the due date.
Terms
Operates in South Africa. Transaction fees and settlement times are not stated. When discussing terms, ask about the cost of failed debits, how quickly reversals are reported and whether existing client mandates can move to DebiCheck.
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