Direct Debit vs Credit Cards: Which is the Best Way to Take Recurring Payments?
Direct Debit and Credit Cards are two methods used for taking regular payments. Both enable businesses to take payments from their customers easily, but there are some key differences between the two that we will explore in this article. Before we delve into our comparison, it is important to note that the term ‘Credit Card’ […]
5 Ways Curlec Helps SMEs With Direct Debit
Malaysia is no stranger to Direct Debit, as this payment service has been available since 2010. However, up until now, it has remained an extremely underutilised system due to the high costs and administrative burden associated with running the previous paper-based process. This has resulted in Direct Debit solutions being exclusively reserved for large organisations […]
Direct Debit: Moving Malaysia to a Cashless Society
We are just at the beginning of a payments revolution in Malaysia, which is changing the way consumers are paying for goods and services. In 2019, studies have shown that two in three Malaysians are now utilising cashless payments, with Debit cards and online banking being the most preferred methods of payment, including Direct Debit. […]
Improving The Membership Experience At DOJO With Direct Debit
“What really sets Curlec apart was the way in which their solution completely integrates with the Direct Debit process. We were keen from the outset to use Direct Debit as it is cheaper and allows for seamless payment collection. We don’t just save on transaction fees, we save time.” – Dewan Ng, one of the […]
Recurring Payments Gone Wrong
A customer’s right to terminate their mandate is a key component of the recurring Direct Debit payment mechanism. Not only does this empower customers, but it also gives them the confidence that any unwanted payments will not happen. There are situations though where customers will be bound by other agreements with a business. For example, […]
5 Things To Know About Direct Debit
Direct Debit as a payment option has been extremely underutilised in Malaysia. When compared to countries such as the UK, where almost 9 out of 10 adults have at least one Direct Debit, Malaysia lags far behind. This is all about to change with Curlec as our solution using Direct Debit brings payments into the […]
How To Get Your Business Paid On Time
Have you ever had to chase customers for late payment? You’re not alone – the average bad debt per company in Malaysia stands at a staggering RM52,100 per annum, whilst it takes an average of 94.1 days for businesses to get paid. Late payments clearly put a significant amount of strain on your business’ cash […]
Making Payments Easy For The Union
“Curlec has enabled us to reduce our cash flow risks and taken away the administration associated with payment collection” – Carlos Villa, Founder of Union Strength Union Strength was founded by Carlos Villa in 2017, and it was born out of a mission to provide a community of like-minded gym goers a space where they […]