The NAEDO collection service allows you, the beneficiary, to collect funds owed via the NAEDO payment stream. The NAEDO service helps to ensure collections and reduce non-payment and bad debts.
Key Features and Benefits
- Priority debiting: Use NAEDO to take priority over normal debit orders and receive outstanding funds from debtors with failed payments
- Credit tracking: Track a debtor’s account for up to 32 days and process your debit orders when funds become available in the account
- Transaction limit: Use NAEDO to collect a maximum amount per transaction of R15000
- Non-invasive checks: Rest assured that NAEDO tracking is non-invasive and won’t attract a fee to the account being tracked.