Why 43% of UK Businesses Switched from Direct Debit in 2024
The Hidden Costs, Better Alternatives & What Smart Companies Now Use 💡 Key Takeaways: Why Businesses Are Ditching Direct Debit ✅ 45% Cost Increase in bank penalty fees since 2022 (UK Finance Report 2024) ✅ 72-Hour Payment Delays vs instant Open Banking transfers ✅ £1.3B Lost Annually from failed/cancelled payments 💡 2024 Trend: 3X more UK SMEs now use Open Banking than traditional direct debits. … Read more