Mass Payment with Bank Account
| 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? Regards |
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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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| 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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| 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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Best regards Chris Smail BSc FCA DChA Langers Chartered Accountants Langer & Co Chartered Accountants and Registered Auditors 8-10 Gatley Road, Cheadle, Cheshire, SK8 1PY. 0161 491 3788 Please have a look at our web site www.langer.co.uk. If you would like to, please follow the log in procedure as the site is full of useful information Langers is a trading name of Langer & Co Limited. Registered in England Number 4599255.
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| Posted: 24th Apr 2012 - 09:21 Quote | |
i think this is really good for beginners. |
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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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