Direct Debit streamlined B2B debt recovery mechanism

Collect your receivables online through a streamlined process. Once an order is completed, your customers’ account is debited and your company directly receives the amount due in its bank account based on a mutually agreed credit policy. This way you avoid potential delays caused by post-dated cheques or payments in cash and you increase your company's liquidity. This way you contain your company's collection managing costs.
Also, by using Direct Debit your customers learn to monitor and strictly comply with the agreed payment terms. This way you avoid potential postponement of your customers’ financial obligations towards your company.

Dedicated account
If your customers join Direct Debit, depending on their individual credit rating, they may use a dedicated overdraft account, which may only be debited to pay debts to your company.

Streamlined debiting
Your customers’ account is automatically debited via a standing order based on relevant invoices from your company.

Reduced operating costs
Direct Debit increases your customers’ cash flow and facilitates the transactions between your company and your customers. Moreover, your customers avoid all the disadvantages and costs associated with traditional payment methods.

To join Direct Debit, both your business and each of your customer must have an account with Piraeus Bank. For more information, please contact the following e-mail address: transactionbanking@piraeusbank.gr