Direct Debit Blog

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Service User Numbers: Getting Access to Direct Debit

While researching the ins and outs of Direct Debit, you may feel like you’re entering uncharted terminology territory. Strange names, mysterious acronyms, peculiar phrases.

They’re simpler than they might sound. Learning about them will empower you with knowledge and help to ease the decision-making process.

Once you’ve got to grips with bureaux, BACS and everything in between, you’ll have a clear understanding of the inner workings of this secure, reliable and automated method of accepting payments.

Here we’ll demystify and simplify one particular acronym: SUN. Read on to discover how a service user number will play an essential role in your financial streamlining plans.

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Ryan Gray

in Business Plan, Home care sector

on 8 January 2019

Grow Your Home Care Agency with These 6 Tips

In the UK, there are approximately 9,000 home care agencies registered with the Care Quality Commission (CQC). With the steadily ageing population and many people’s desire to stay in their own homes as they grow old, the domiciliary care industry is set to boom.

If you’re running a successful, but small, agency and want to expand your business to stand out from the crowd, then this article is for you.

Here we detail six tips to effectively grow your home care agency.

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How to Start a Care Agency: A Guide to Providing Home Care

Since the second half of the 20th Century, the UK population has been steadily getting older. A trend that is predicted to continue in the future.

Projections from the Office for National Statistics (ONS) show that in 50 years’ time, there are likely to be an additional 8.6 million people aged 65 years and above – a population approximately the size of London.

Unsurprisingly, the requirement for quality elderly care services across the UK is growing. The NHS and local authorities currently provide home care to numerous people, however there is ample opportunity for independent care agencies to offer services to private individuals who require them.

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Switching to Direct Debits – How Would a Subscription Based Company Do It?

If you run a subscription based business and you’re looking at switching to Direct Debits to collect your customers’ recurring payments, then this article will explain the process and provide an easy-to-follow checklist.

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Ryan Gray

in cash flow, magazine industry

on 13 December 2018

How FastPay Helped A Subscription Company Secure Their Cash Flow

The subscription sector has grown by an impressive 200% since 2011.

But despite this boom, like any other business, subscription service companies aren’t immune to failure.

Indeed, the number of UK business deaths increased from 288,000 to 357,000 between 2016 and 2017, a death rate of 12.2% compared with 10.2% in 2016.

And one of the chief culprits? Compromised cash flow.

Here we explore how to ensure your subscription company remains the picture of health thanks to the potent powers of Direct Debit.

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The Best CRM Software for Businesses Taking Regular Payments

Customer Relationship Management (CRM) software is now the world’s biggest software market and is predicted to reach $80 billion in revenue by 2025.

Once the domain of big enterprises, the evolution of technology means CRM tools are now affordable and accessible to micro, small and medium-sized businesses from one person up.

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8 Quick Tips on Building a Successful Subscription Business Model

The subscription economy is booming, having grown by 200% annually since 2011. Customer shopping habits are changing, and with the evolution of technology, it’s far more convenient for consumers to pay a subscription for a product or service they use regularly.

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Ryan Gray

in Business Plan, magazine industry

on 22 November 2018

Your Magazine Business Plan: A Full Blueprint

Over 37 million adults in the UK regularly read magazines. Whether online or on paper, the allure of perusing pages packed with interesting information is still going strong, 400 years since the first mag was published.

From baking to beauty and gardening to gossip, there’s a publication to match every hobby and to ignite many new interests.

With dozens to choose from on newsstands across the country, you might have decided that there’s one missing – yours.

If your dream is to launch a successful magazine, there’s a lot of work to do before you can enjoy soaring circulation figures.

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Ryan Gray

in Business Plan, magazine industry

on 13 November 2018

Building a Better Customer Experience for Your New Subscribers

First impressions count.

Being punctual for a job interview. Offering a firm handshake at the start of a meeting. Checking your teeth for stray spinach before a blind date.

These memorable manners in the real world are just as important when it comes to email etiquette.

As a subscription-based business, welcoming new subscribers with effective and enticing emails is a crucial component of your marketing plan.

Make a fantastic first impression during the first steps of the customer journey and your database will thank you for it in the long-run.

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How to Take Payments Online as a Business

The demands of the digital age and the growing expectations of your customers mean your business needs to be offering a slick, modern payment system.

With one in place, you can take payments online quickly, easily and safely.

Without one, you risk losing out to the more tech-savvy competition.

Giving customers choice when it comes to parting with their cash is an increasingly important part of any business strategy. They want to pay you quickly and conveniently, with the peace of mind that their transaction is secure.

Continuing to rely on old-fashioned methods will soon start to eat into your retention rates, as well as your profits.

The solution is to accept payments online.

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