Debit order collection for the insurance industry

Insurance in today’s day and age has become a basic need, like food or water, a life without it would be unimaginable.

Life happens and unforeseen events occur daily, which is the reason why people feel the need to feel protected from the unknown. So, what do they do?

They wrap themselves in their safety blanket. Insurance provides them with the protection and guidance they would need from the “unknown”.

Keeping people feeling secure and protected has led the insurance industry to be one of the fastest growing industries in South Africa with new, innovative, insurance products emerging daily.

Unfortunately, with growth comes an increasing in administration costs and banking fees.

This is why, Direct Debit has decided to create tailor made debit order solutions for the insurance industry in South Africa. We have gone out of our way to meet all of your debit order collection and billing needs and save you on unnecessary costs.

Our services include EFT and NAEDO debit order facilities, where we also provide you with your own bank account, a credit facility and your own user code as prescribed by the rules and regulations set out for insurance business.

We’ve also developed an electronic debit order mandate solution for a more convenient way for your customers to get insured. Customers can now authorise transactions online via any web-enabled device. We provide the ability for customers to sign in full, using their hand, a stylus or mouse directly on their device.

Direct Debit in alliance with SnapBill, provides cloud based invoicing and billing services to our clients, automating the process from start to end. SnapBill includes the ability to calculate multi-tier / reseller commissions in real-time based on actual collections.