Merchants who choose to use a direct debit office collect paper and paper direct debit mandates themselves, but differ from subsequent phases, based on the services provided by the office. Bacs payments and their practical application, including the role of a Bacs office, can sometimes be confusing. There are many options to choose from when it comes to paying salaries and suppliers. I hope this guide will help small entrepreneurs choose whether a Bacs-approved office offers the expected advantages over alternatives. You also benefit financially if you decide to outsource Bacs payment services to an office instead of applying to your bank as a direct depositor. Using an accredited baccalaureate office can also have several advantages: facilitating the SUN application process. Some offices help you get permission from the banks. With GoCardless, you can use our SUN so you can get started right away. With GoCardless Pro, we help you get your own SUN in a process that only takes 4-6 weeks (instead of 4-9 months).
Click on a Bacs payment service site like www.fastpayltd.co.uk and you`ll find out how much an office can do for your business. Each bacs-approved office must be subject to an inspection check by the Bureau`s inspectors and is then inspected at three annual intervals (or in the event of a major organizational change) to ensure that they continue to meet the standards of good practice. An Approved Bureau is an office inspected by Bacs and integrated into its system. The initial inspection by Bacs is a rigorous process and even if you have the authorization, Bacs performs regular audits to ensure that your procedures and safety measures are impeccable. At the end of the day, an Approved Payroll Bureau takes care of customers` money, so those checks are what you`d expect. If you opt for an Approved Bureau Bins like Payplus, you know they can safely make payments on your behalf. Not only does outsourcing this task save you time and money, but it means you can pass on the stress to someone else. Bacs must authorize any organization that wishes to become an office and submit direct debit, direct credit or quasi-payment transactions in the name of a 3rd party. Once approved, the organization is called Bacs Approved Bureau.
Here`s what`s involved: Getting your SUN is part of the approval process done by your bank. If you have been approved for Bac payments, your bank will provide you with a SUN application. GoCardless is an office approved by Bacs and authorized by RBS. Here you will find a list of offices approved by Bacs. A direct debit office allows you to become a depositor who does not need a bank authorization, so you can pass the daily management of regular payments.. . . .