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Questions:

What shows on the bank statement?

Is collective payment taken once a month or on a per transaction?

When using a credit card, having a keylogger trojan on my comp is a minor deal. if I'm entering my bank details, it becomes huge. Am I covered?

The UK is one of the financial scam hotspots of the world. CS told a family member it's why BB left the UK. This after the family member had an order for £5,000 worth of iMacs cancelled repeatedly for no apparent reason (even after confirming three times with the CC company that the card was okay to go ahead).

I hope you're ready. There is a huge demand for a solid payment solution though, so if you hit it right, you're on to an easy exit.



Hey Brador, I'm one of the founders at GoCardless.

Consumers are covered - Direct Debits come with a very strong consumer guarantee. You can find out more about it here: http://www.thesmartwaytopay.co.uk/directdebitexplained/pages...


Brador, can you answer his other two questions?


Sorry - missed the other questions:

What shows on the bank statement? - GoCardless shows up on the bank statement

Is collective payment taken once a month or on a per transaction? - We take a payment for each transaction. This makes it clearer for payers and merchants get their money quicker.


Few more questions: - How merchants are protected against fraudulent chargebacks? - How refunds are handled?


You'd be covered by the direct debit guarantee scheme which, like credit cards, refunds any disputed transaction as soon as it's reported.




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