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Direct debit is a transaction in which a business or an individual withdraws funds directly from the bank account of another person/business. It is the simplest, safest and most efficient payment method to make regular or recurring payments. Direct debit, however, does not support international transactions and can be a time-consuming process to set up.
borderless™ has solved these top two limitations of direct debit, making it the first US-based local and international direct debit solution.
To learn more, here is our blog on direct debit.
