Real Pay facilitates debit order collections directly between a beneficiary user and an account holder.
This is done via multiple platforms (NAEDO, NDO, AEDO, CMA, etc.)
For more information on the various products available, please contact a business consultant.
The Real Pay system can be made available to any business that requires a simplified way to collect recurring instalments.
Regulatory checks apply.
The activation process takes about 7 to 10 working days once a business consultant has assisted you with all the necessary documentation.
The different pricing structures and options can be discussed once you have been in contact with a business consultant.
There is no on-site installation required, as Real Pay is a web-based system.
A unique reference code (“short name”) is created for each beneficiary user that will reflect on the account holders’ bank statement and SMS.
Each beneficiary user is vetted against their industry’s unique regulatory requirements.
We are integrated with various administration systems and will gladly consider integrating with any new systems.
• Non-Authenticated Early Debit Order (NAEDO) is a payments stream that operates in the Early Debit Order environment and allows you to process your debits closer to the bulk salary payment window, thereby improving the likelihood of successful collections. The mandate is authenticated either by voice mandate or by written consent to collect instalments from the account holder’s account.
• Authenticated Early Debit Order (AEDO) is a collections service that allows you to load future-dated, irreversible collections on third-party accounts. The transaction is card based and the account holder’s card and pin must be present when the transaction is initiated.
The NAEDO payments stream is utilised to collect time-sensitive transactions and the beneficiary use is first in line to collect funds from an account holder’s account. In addition, the NAEDO payments stream also holds numerous benefits for the account holder and beneficiary user as it is a flexible and user-friendly method of collecting recurring payments from account holders’ who authorised such deductions.
We are not able to provide you with the balance, as we are not deducting the funds. However, we can provide you with the contact number of the company who is debiting your account, as they will be able to provide you with the balance.
We don’t know for which account the debit order is; however, we can provide you with the contact number of the company who is debiting your account, as they will be able to provide you with the details.
We can’t change any deduction dates; however, the company debiting your account will be able to assist you with changing the debit order date.
We are not able to provide you with a paid-up letter; however, we can provide you with the contact number of the company who is debiting your account, as they will be able to provide you with a paid-up letter.
We are the service provider and the transaction went through our system; therefore, we can provide you with the details of the company that is debiting your account.
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