Direct Debit

Direct Debit is a popular form of bill payment. It means that by the due date the customer's bank account is automatically debited with the amount of the bill. Some customers would like their credit card charged, rather than their bank account - arguably so they can get more frequent flier points! The problem is the merchant fee the credit card companies charge the utilities. Visa has attempted to address this issue by charging a flat rate fee rather than the merchant fee.