Direct Debits

overview direct debits are payments collected from the retailer to refundid these debits are used to reconcile funds related to instant products, billing, and other financial obligations under the refundid service retailers may provide either a bank account or a card , depending on the type of charge when direct debits are used direct debits may be used for instant refunds when an instant refund is approved refundid pays the customer upfront the retailer is direct debited for the approved refund amount instant refund direct debits can only be processed via bank account instant exchanges where applicable, instant exchange financial reconciliation may require direct debit from the retailer these are also processed via bank account shipping charges if return shipping is processed through refundid owned carrier accounts, applicable charges may be collected via direct debit shipping related debits must be processed via bank account saas and general billing direct debits may also be used for monthly saas fees platform usage fees other general service billing for general billing retailers may choose to use either card or bank account card payments may incur processing fees depending on the payment provider