directdebit_php
A payment method where a merchant or service provider, with the customer's prior authorization, directly debits funds from the customer's bank account on a recurring or scheduled basis.
How It Works
- Authorization: The customer fills out and signs a direct debit mandate (also known as a Direct Debit Instruction or DDI), granting permission to the merchant to debit their bank account. This can be done through paper forms or increasingly through online or mobile banking platforms.
- Bank Setup: The merchant submits the mandate to their bank or a third-party payment processor. The customer's bank then acknowledges this instruction.
- Payment Initiation: On the agreed-upon date(s), the merchant (or their payment processor) initiates a debit request to the customer's bank for the specified amount.
- Fund Transfer: The customer's bank automatically transfers the funds from their account to the merchant's account.
- Notification: The customer may receive notifications from their bank or the merchant about upcoming or processed direct debit payments.
- Key Features:
- Automated Recurring Payments: Ideal for regular bills like utilities, loan installments, subscriptions, and insurance premiums.
- Convenience for Customers: Eliminates the need for manual bill payments and reduces the risk of missed payments.
- Efficiency for Merchants: Ensures timely payments and can improve cash flow by automating the collection process.
- Potentially Lower Transaction Fees: Compared to some other payment methods, direct debit can have lower processing fees for merchants.
- Security: Transactions are processed through established banking networks, offering a secure method for recurring payments. The Direct Debit Guarantee (where applicable, though specifics in the Philippines may vary) can offer protection to customers in case of erroneous debits.
Payment Method type
Users can use the below payment method type to create a transaction using Direct Debit in the available geography
- Philippines:
directdebit_php
Functionality
| Functionality | Yes/No | Description |
|---|---|---|
| Refund Support | ||
| Full Refund | ❌ | |
| Partial Refund | ❌ | |
| Generally Available | ✅ | Means that the payment method is available by default and does not need any additional configuration/approval. |
| Dispute and Chargebacks | ❌ |
Limits and Expiration
The following is the upper and lower limits for ShopeePay transactions:
- Minimum Limit: USD 0.01
- Maximum Limit: USD 860
The default expiration for a transaction is 30 minutes.
User Experience
Redirect Experience
For more details, please click here.
Updated 3 days ago