Direct debit is meant to be a convenient option for people who don’t want to worry about recurring payments, but setting it up can be a pain. To sign up, customers are often required to manually fill in bank account numbers (usually a long, annoying process). This can result in high abandonment rates as well as incorrect submissions.
Tink fetches and provides all the necessary data needed to set up a direct debit payment – automatically filling it in for the customers. This improves accuracy while providing a better, hassle-free user experience.