UK Direct Debit
UK Direct Debit allows bank account holders to authorise a third party, usually a merchant or biller, to collect money from their account. These payments can be one-off but usually they are recurring. The biller must give advance notice of collection dates and amounts.
We currently don’t offer this payment method. Get in touch to see what other options we have.
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Type
Bank transfer
Company behind LPM
pay.uk
Market share details
Market share: 50%; used by more than 50% of UK bill payers; more than 4.3 bn direct debits were processed in 2018 – more than eight direct debits for every UK adult.
Market relevance
High
Regions
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