Collect the minimum, make overpayment easy
A revolving balance means the payment is never quite the same twice, and the best customers want to pay more than the minimum when they can. The job is to collect a moving minimum reliably and make a voluntary overpayment take one tap.
A moving minimum, and willing overpayers
The minimum payment on a revolving balance changes every month with the balance and the rate. A fixed Direct Debit does not fit it, and a full-balance Direct Debit is more than many customers want to commit to.
Meanwhile your most valuable customers often want to overpay, clearing more than the minimum when they have the money. If overpaying is awkward, they do not, and you lose the engagement and the reduced risk that comes with it.
Both of these are collection-experience problems, and a single rigid rail handles neither well.
The payment mix that fits
Not one rail. The two to four that match how money actually moves here.
Collect the minimum or a chosen fixed amount on a mandate, with advance notice of the changing figure.
Let customers make ad-hoc overpayments in a tap, with no card fee.
Your flow of funds, orchestrated
The monthly minimum or a customer-chosen amount collects over Direct Debit, with advance notice of the figure each cycle. When a customer wants to overpay, a Pay by Bank link or prompt lets them clear more in a tap, with no card fee, and the overpayment reconciles against the balance immediately. Minimum collections and voluntary overpayments post to one ledger.
Every book moves money differently. We map your flow of funds and quote one integration across the rails that fit.
Related
Payments for revolving credit and card issuers: FAQs
Over Direct Debit with advance notice of the amount each cycle, or a customer-chosen fixed amount. The collection adapts to the balance without the customer committing to the full amount.
Over Pay by Bank, in a tap, with no card fee, and the overpayment reconciles against the balance immediately. Making it easy increases how often customers do it.
Yes. It handles the collection of payments against the balance; orchestration keeps it on one ledger with any other rails you use.
Tell us how you get paid
Send us the mix of payments you take and make, and we will quote one integration across the rails that fit, priced on your volume.