Most of my clients are on monthly standing order payment. So far, I have not bothered to go through the hassle of asking clients to change the standing order amount.
This is where Direct Debit facility comes through. I still have not got round to setting this up. Come to think of it I can use the opportunity to set up clients on DD.
Are you asking clients to change SO?
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Standing orders
Yes, I'll be advising those who pay by standing order that as the VAT's gone up, their SO must change.
I haven't thought about when I'm doing it yet though - I guess it's something that needs doing this week in order for the end of Jan s/os to go through for the right amount. Thanks for the nudge!
Isn't it because...
... DD can be changed by either party at will, SO can only be changed by the customer?
British Gas pulled this on me years ago, increased my payments from £30 a month to £50 a month without telling me. Once I noticed it was great though, given my bills had been under £30 since I moved in.
As I invoice
I've started to reissue SO forms as I raise the annual invoice at which point I review the fees anyway. I stick with SO as it is cheaper and, usually, less hassle for me.