Direct Debit Electronic Payment

Payments can be made by authorizing a bank to make a debit for a particular transaction. The insurance industry has long used this techinque to assure that premiums are paid from your checking account on a regular basis.

One of the main advantages of "Direct Payment" is that it is very inexpensive to process and processing cost is NOT based on the amount of the transaction but on the volume of transactions. This is significant advantage for large transactions from a merchant's point of view, since the 4-5% fee is not required.

MIG's ie-Direct product provides the security and convenience to the merchant often making this a preferred payment method over credit cards. More on this topic...

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