Collect

Premiums

The Paynet Debit Orders module is ideal for organizations collecting revenue from a multitude of customers through Commercial Banks and Building Societies. Major consumers of the product are insurance companies, credit stores, funeral houses, housing schemes, mobile telephone agencies, micro finance houses

In situations where your debtors receive cash on different days of the month, in conjunction with their banks you can structure a package that offers you the option to collect revenue direct from your debtors’ accounts. This offers your debtors the flexibility to meet their obligation without commuting to make payments while your revenue streams are uninterrupted.

All you require is to discuss with your debtors a suitable arrangement where they grant you authority to collect the fixed revenue directly from their bank accounts. This requires you drafting a mandate, which your customer will sign and return to you. You can then obtain the Paynet solution from us for automation of collections.

How It Works

  • You send a file of collection instructions to your bank or building society. This file contains the account numbers of your debtors and the respective amounts due for payment.
  • Your financial institution receives the file for processing. It collects money from your various debtors’ accounts and deposits it into a special account opened for you.
  • The financial institution sends you electronic feedback on collection efforts.
  • From the comfort of your office, you are able to measure the collection success rate and at the same time initiate measures to follow up on failed collections.

Contact Us for more information

 

Testimonials

  • Mr. Hozo, Chipembere School Headmaster

    Ever since we started using Paynet to transfer our funds, we have eliminated the risk of our bursar getting robbed off hard cash. Paynet is very secure, it saves us a lot of time and their charges are very low. Thanks to Paynet, we don’t worry about hassles to wait in the queue to withdraw cash. The fact that we no longer write and sign forms means the margin of error has been significantly reduced which is a good thing for us. Secure transactions and reduced margin of error.

  • Irene Masangudza – Old Mutual

    I send my Debit Orders instructions using Paynet to all banks at the click of a button and receive payment confirmations electronically.
    The Paynet Debit Orders Module enhances our payments collection.

  • Mrs Kwenda, Emerald Hill School

    Using Paynet has reduced the burden of carrying cash from the bank to home in order to make salary payments. In terms of security, there are no fears of being robbed while carrying a large amount of money. We used to spend a lot of time counting money and packing it into envelopes on payday but that is now a thing of the past. That time is now being used to do other vital work to keep the Home running. As the platform is Internet based, we do not have to rush to the bank to submit salaries, we do it from the comfort of our office. Paynet is really useful to us.

  • Lindy Griffiths – Cabinet Building and Hardware in Karoi

    My life is so much easier since we started using Paynet’s facility to make corporate and salary payments.  I just make a few quick easy computer entries and press send!  Payday couldn’t be easier!

  • Josephine Mukoki-Mthunzi, HR Administrator Clinton Health Access

    “For the one year that we have used Autopay Services for our Payroll, we have experienced a great service with timely delivery of reports, pay-slips and their team constantly in communication with us as a client.  It is rare to find a company that has dedicated team who care for the welfare of their clients as Autopay does.  They mean what they say and say what they mean and we have not been disappointed at all.  Autopay has a team of people who have integrity and great customer relations. This saying “A Customer Is a King”, perfectly fits with them, we feel like kings all the time.”

  • Brian Kagondo – HR Executive Ariston Holdings

    Am truly grateful for the excellent service I keep getting from Autopay, your efficiency is honourable.