Direct Debit

Consumer Benefits

1. Convenience: Direct Debit eliminates the need to receive, manage, and pay invoices sent by post or email

2. Flexibility: Consumers have the flexibility to choose the payment frequency and amount (recurring payments), making it easier to manage expenses and budget effectively

3. Security: SEPA Direct Debit is protected by strict banking regulations. Consumers have the right to revoke or dispute payments, providing a sense of security against unauthorized withdrawals.

Consumer Experience Flow

Check-Out

Riverty provides a streamlined Direct Debit user interface that neatly matches the required IBAN input and Direct Debit agreement legal language with the other payment methods available in checkout.

Merchant Benefits

1. Improved Cash Flow: With Riverty’s Direct Debit, merchants can predict and manage cash flow more effectively since payments are automatically collected on predetermined date intervals set by the merchant

2. Guaranteed Payment: Riverty’s Direct Debit allows merchants to focus on their business and maintain profitability by assuming the risk of customer non-payment

3. Reduced Administrative Burden: Direct debit reduces merchant’s administrative tasks such as invoice preparation, chasing late payments, and account reconciliation

4. Customer Retention: Direct Debit can enhance customer satisfaction and loyalty through its ability to schedule recurring payments

Get Started

Introduction to the Riverty Merchant Portal

Be sure to sign up for a Riverty Merchant Portal Account! Individual transactions are managed through the Merchant Portal, along with access to many other features like financial reports and branding.