Category: Vellis News
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The Future of Direct Debit: Real-Time Payments, Request-to-Pay & More
The future of direct debit is shaped by a clear shift: recurring billing is moving toward faster confirmation, more customer control, and fewer failed payments, while keeping the simplicity of bank-based collections. Direct debit is a permission that lets a business collect money from a customer’s bank account on agreed terms. What’s changing is how…
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How BNPL Providers Evaluate Creditworthiness Without Traditional Credit Scores
Buy Now Pay Later (BNPL) has quickly become a popular way for consumers to split purchases into smaller, more manageable payments without relying on traditional credit cards. Unlike conventional lending, BNPL providers often approve transactions in seconds. This alternative approach has reshaped how affordability, risk, and access are evaluated in modern payments, especially as BNPL…
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Understanding BNPL Merchant Fees & Cost Structures
Buy Now Pay Later (BNPL) has become a mainstream payment option for both online and in-store businesses, offering customers the flexibility to split purchases into installments while merchants receive upfront payment. As adoption grows across retail, services, and digital commerce, understanding how BNPL pricing works has become essential for merchants evaluating whether this payment method…
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Does Using Buy Now Pay Later Affect Your Credit Score?
Buy Now Pay Later (BNPL) has quickly become a go-to payment option for consumers shopping both online and in physical stores. Whether you’re splitting the cost of sneakers into four payments or spreading out a larger purchase over several months, BNPL promises convenience and flexibility without the immediate burden of full payment. As adoption grows,…
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Using Direct Debit for Subscription and Recurring Billing Models
Direct debit has become one of the most reliable payment methods for businesses that depend on predictable, recurring revenue. Unlike card payments, direct debit enables automated bank-to-bank transfers that businesses can initiate after receiving proper authorization. It has become especially valuable for subscription-based companies that need consistent cash flow while minimizing payment friction and involuntary…
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The Future of Buy Now Pay Later: Real-Time Credit, AI, and Embedded Finance
Buy Now Pay Later has evolved far beyond its early days as a simple checkout option. What started as a way to split payments into manageable installments has grown into a sophisticated financial layer embedded across digital commerce, apps, and services. As real-time underwriting becomes faster, artificial intelligence more precise, and payments more seamlessly integrated…
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How Direct Debit Solutions Help Businesses Automate Payments
Direct debit has long been a reliable payment method, quietly powering automated transactions across industries like utilities, insurance, subscriptions, and professional services. Today, as companies look for ways to reduce manual processes and improve cash-flow consistency, direct debit for businesses is gaining renewed attention as a scalable, low-friction billing solution. Direct debit supports predictable recurring…
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What Is Direct Debit and How Does It Work?
If you’ve ever paid a utility bill automatically, stayed subscribed to a streaming platform without thinking about monthly payments, or set up hands-free billing for insurance, you’ve likely encountered direct debit even if you didn’t realize it. So, what is direct debit, and why has it become such a widely used payment method across the…
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Why Utility Providers Rely on Direct Debit for Billing
Direct debit in utility billing means automatic collection of recurring bills directly from a customer’s bank account. Many providers use direct debit for utility companies because it creates steady cash flow, reduces late or missed payments, and cuts down manual billing work. It also helps utilities plan ahead and manage operations with fewer surprises. This…
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Using Direct Debit for Rent Collection: Benefits for Property Managers
Direct debit for rent collection means an authorized pull from a tenant’s bank account that collects rent automatically on agreed dates. It removes the need for tenants to remember payments and reduces follow-ups for managers. Property managers care because late payments drop, admin work shrinks, cash flow becomes more predictable, and records stay clean across…