Mass Payment with Bank Account

Daveyon Mayne
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Posted: 23rd Apr 2012 - 15:09 Quote

Hi all. With Paypal, you can make Mass Payment up to 5000 email addresses at once when you create a csv file. That's great but can that same principle done with a business bank account?

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Chris Lambert
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Posted: 23rd Apr 2012 - 15:40 Quote

I've never seen this feature with LloydsTSB (Business & Personal) or with Yorkshire bank.

Others might have seen it with different banks but I can rule these 2 out for you.

 

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Barry Fitzpatrick
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Posted: 23rd Apr 2012 - 15:47 Quote

I suggest you try the payment bureaus. Most specialise in Direct Debits but this might be something they could do also

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Posted: 23rd Apr 2012 - 18:49 Quote

Using the BACS system it's easy enough - you'll need to get approval from your bank and will likely to be tied into their recommended software but after that you'll just need to generate a file to the correct spec, log in to the BACS software and do the regular password checks, etc.

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Chris Smail
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Posted: 24th Apr 2012 - 09:02 Quote

Talk to your bank, there will be a way of doing it, probably through BACS.Each bank brands this differently.

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ben simon
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Posted: 24th Apr 2012 - 09:21 Quote

i think this is really good for beginners.

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Daveyon Mayne
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Posted: 25th Apr 2012 - 10:36 Quote

Thanks guys! It's best to use Paypal since each person will have a different payment amount.

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