Direct Debit for SMEs
From reducing administration to improving payment reliability, L&Z Direct Debit provides SMEs with a smarter way to collect payments.
Direct Debit presents the simplest and most secure solution for your business to get you paid on time, every time. Instead of chasing monies owed, you can dedicate more time to running your business.
Direct Debit is the safest and most convenient method for your clients or customers to pay you. At every stage, both your and their data is protected behind firewalls and stored in dual-located servers, while your transactions become automated and the customer is protected by the Direct Debit Guarantee in the event of any problem.
Why SMEs choose Direct Debit
From predictable cash flow to reduced admin,
Direct Debit gives your business the tools to grow with confidence.
Benefits
Improved cash flow
Receive payments automatically on agreed dates, helping your business maintain a predictable cash flow and reduce late payments.
Save time and reduce administration
Eliminate the need to chase invoices, process manual payments, or spend valuable time on payment collection tasks.
Enhance customer convenience
Offer customers a simple, hassle-free way to pay, improving their experience and increasing the likelihood of on-time payments.
Secure and reliable payments
Benefit from a trusted payment method backed by robust security measures and the Direct Debit Guarantee, providing peace of mind for both you and your customers.
Case Study
Dancin' Motion achieves admin harmony with an easy payment solution
Discover how London & Zurich helps small business Dancin Motion simplify their recurring payment collection process, turning what used to be a chore into a graceful, efficient flow.
A personal service, suited to your business
Every business is unique, and so are its Direct Debit needs. We collaborate closely with you to offer a tailored service that fits your systems and payment volume, ensuring you receive a precise quote based on your specific requirements.
You will find that our secure online portal is secure with excellent functionality that enables you to simply enter details for the customer, the amount to be debited, and when. This could be weekly, monthly, a one-off payment, or an initial larger payment followed by lesser instalments.
If you have your own SUN, then Direct Debit payments will be sent straight to your bank account. If your payments are processed with a SUN that we have obtained, then funds will have to arrive in our bank account before they can be paid on to you.
Once up and running, you will have access 24/7 and automatically receive reports of all transactions, including any failures and of course any cancellations, enabling you to follow up straight away.
A Direct Debit service built around your business
Personalised pricing and support
Every business has different payment collection needs. We take the time to understand your requirements and provide a tailored quote based on your transaction volumes, operational processes, and preferred way of working. Our team is on hand throughout the setup process and beyond to ensure you get the most from your Direct Debit service.
Easy to use online portal
Our secure online portal makes managing Direct Debits simple. Enter customer details, set the payment amount, and choose when collections should be made. Whether you need weekly, monthly, one-off, or instalment-based payments, the system gives you complete flexibility and control.
Flexible payment processing
If you have your own Service User Number (SUN), funds can be collected directly into your bank account. Alternatively, if you use a SUN provided by L&Z, payments are collected and then transferred to you once funds have cleared, giving you a straightforward route to Direct Debit without the need to obtain your own SUN.
24/7 access and real-time reporting
Stay informed with round-the-clock access to your account and comprehensive transaction reporting. You’ll automatically receive updates on successful collections, failed payments, and cancellations, allowing you to take action quickly and maintain healthy cash flow.
Direct Debit: Managed
With Managed Direct Debit, London & Zurich are provided the SUN through our own sponsor bank, and we use only this specific SUN for all your transactions. Your account is branded so that your company name will appear and your customers will be easily able to reference their payments. With some Direct Debit companies, that might mean their name will appear on your customers’ bank statements, causing a little confusion and a disconnect between their purchase and your brand.
In effect, we assume the role of the bank, and provide the sponsorship for your company, by virtue of our own sponsorship. Funds must first arrive in our bank account before we can turn the payment around to you, but you can usually expect the cash to arrive two days after the transfer. We have also taken steps to reduce the time between purchase and bank account credit.
Managed Direct Debit can be particularly useful for smaller businesses who are changing their billing and collection methods for regular, repeat payments, and non-profit organisations such as charities.
We keep you running in a crisis
In the unfortunate event of your infrastructure experiencing damage or a failure, our system enables your business to continue unaffected. If you experience a fire or power cut, or a compromise to your premises or network, our off-site and fully backed-up systems will carry on collecting your Direct Debit payments and maintaining your cash flow, keeping you afloat and avoiding issues with customers, suppliers and staff.
Payment Solutions
More from L&Z
Take the hassle out of collecting payments. We’ll support you every step of the way, helping you streamline collections, reduce manual effort, and improve cash flow predictability, so you can focus on growing your business.
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See our results in action
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Ready to add Direct Debit to what you offer?
Let’s talk. Whether you’re at the early stages of exploring a partnership or you know exactly what you need, we’ll give you a straight answer and a clear next step.
No bots, no forms, no runaround. Just an honest conversation with someone who knows Direct Debit inside out.