Bank Debits
Understand the direct debit systems offered by Givetly.
Learn about the direct debit systems available in Givetly, a widely-used payment solution for recurring and one-time donations from supporters’ bank accounts across different regions.
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Overview of Bank Debits
Bank debit, also known as direct debit, is a popular method that allows organizations to collect payments directly from supporters’ bank accounts. This method is favored for both recurring and one-time payments in various countries and regions around the world.
Regional Bank Debit Systems
Different regions have their own bank debit systems:
- ACH (Automated Clearing House) in the United States
- Bacs Direct Debit in the UK
- BECS (Bulk Electronic Clearing System) Direct Debit in Australia
- PAD (Pre-authorized Debit) in Canada
- SEPA (Single Euro Payments Area) Direct Debit in Europe
Each system has its specific rules, timelines, and requirements, but they all facilitate direct bank-to-bank transfers.
Typically, accounts in platforms like Stripe may have strict transaction and weekly limits on bank transfers. However, Givetly organizations are not subject to these limitations, providing you with more flexibility for processing large or frequent transactions.
For more detailed information on specific bank debit systems and their implementation, please refer to the individual pages for each system listed in the navigation menu.