Is it possible for a private individual to set up a direct debit from another person's personal account?
I know the payer can readily set up a standing order from their account to the payee, but my understanding is that this is a 'push' transaction within the control of the payer, whereas if it were a direct debit, it would be a 'pull' transaction controlled by the payee.
I'd like to set up a system involving a regular payment but the person who would be paying is more than a little unreliable. Is there a direct debit form that I could get them to sign which would remove the uncertainty around getting paid on time, or is it only companies that can do this?
Thanks.
I know the payer can readily set up a standing order from their account to the payee, but my understanding is that this is a 'push' transaction within the control of the payer, whereas if it were a direct debit, it would be a 'pull' transaction controlled by the payee.
I'd like to set up a system involving a regular payment but the person who would be paying is more than a little unreliable. Is there a direct debit form that I could get them to sign which would remove the uncertainty around getting paid on time, or is it only companies that can do this?
Thanks.