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It always helps to know your clients, especially if you provide goods or services before you receive your cash. Understanding and managing your clients is a crucial, and easily overlooked part of many businesses, which is why we’ve developed the Account Verification Service (AVS).
REDUCE YOUR RISK
AVS allows you the ability to make sure your client has in fact given you the correct details. This is especially useful in situations where you provide your product/service before you collect money from your clients (such as ISP’s, etc).
KNOW YOUR CLIENT
As our system connects to all the major South African banks, we can help ensure your clients actually operate the bank accounts that they claim to use. This will give you the peace of mind that if they purchase goods or services from you, you will be able to collect your fees subject to them having the necessary funds in their account.
LOWER YOUR COST
Knowing for sure that your clients’ information is accurate isn’t just good business sense; it will help lower the occurrence of failed debit order collections and ensures that your cash flow is not impeded.
AN ALTERNATIVE TO AVS
Many businesses will not provide a product service before payment, but still have a requirement to ensure that funds are collected on time. For this we recommend that they make use of our Smart Debit service, otherwise known as NAEDO.