Direct Debit definition

Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;
Direct Debit means a payment service for debiting a payer's payment account, where a payment transaction is initiated by the payee on the basis of the payer's consent given to the payee, to the payee's payment service provider or to the payer's own payment service provider;
Direct Debit means a national or cross-border payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent;

Examples of Direct Debit in a sentence

  • All invoices shall be due and payable by Direct Debit 14 calendar days after the date of the invoice.

  • Request to Change Rate Plan: Request to maintain Maxis Direct Debit service: Name (as it appears on your credit card): ……………………………………………………….…........…..

  • Note, if making an ACH payment from your bank account, please select ACH Direct Debit as the payment type.

  • Payment shall be submitted referencing the FHWA/CFLHD-ID Agreement Number: DTFH6816E00053 Option 1 (Preferred Method) • Plastic card or Automatic Clearing House Payment (ACH Direct Debit) • Go to Treasury’s website – xxxxx://xxx.xxx • Search for Agency Name (Transportation Department) • Select the appropriate Transportation Agency (Federal Highway Administration) • Follow the form instructions to make your payment.


More Definitions of Direct Debit

Direct Debit means a payment made pursuant to the Direct Debiting Scheme;
Direct Debit means a transaction originated by the beneficiary, as authorised by you so the amount can vary each time if necessary.
Direct Debit means a service for making payments from the payer’s account which are initiated by the payee on the basis of the payer’s consent (whether given by the payer to the payer’s bank or to the payee or to the payee’s bank).
Direct Debit means a written instruction of an Obligor authorising its bank to honour a request of VWFS to debit a sum of money on specified dates from the account of the Obligor for credit to an account of VWFS.
Direct Debit an automated payment method set up between you and us to send payments to organisations in accordance with a direct debit mandate given by you to the organisation which manages the frequency and amount of each payment; “E-money” monetary value issued by us to your Account on receipt of funds on your behalf in our Customer Funds Account, equal to the amount of funds received; “European Economic
Direct Debit means the payment services for debiting a Payer payment account where a payment account is initiated by the Payee on the basis of the Payer’s consent given to: • the Payee or • the Payee payment services provider or the Payer payment services provider.
Direct Debit means an instruction from a customer authorising a third party (known as an originator) to collect variable amounts from their account on a notified date (“the Direct Debit Collection Date”);