AUTOMATED PAYMENTS & COLLECTIONS SCHEDULER

​Automate Incoming & Outgoing Payments

Customate’s Automated Payment Scheduler allows you to set up recurring payments and invite your customers to pay you. Set and forget. Never miss a collection and never forget a payment.

Benefits Of The Customate Automated Payment Scheduler

Schedules Funded By Direct Debits, Online Bank Transfer And Cards

Transfer funds in to a dedicated Virtual Bank Account or set up a Direct Debit to pull funds from your own bank account or attach your Debit or Credit Card. 

White-list Payees & Funding Sources

Establish your funding sources (Direct Debits or cards) and your Payee bank details to prevent you needing to do this again and to safeguard any movement in or out of your Customate Digital Wallet.

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Funds are Safeguarded in a ring-fenced Account

Funds are safeguarded under the E-Money regulations and held in a ring-fenced bank account.

Instant Transfers Between Buyers & Sellers with Digital Wallets

Funds can be transferred instantly between registered members. You can create Automated Payment Schedules to perform collections or payments on a recurring basis.

Create Unlimited Payment Schedules

There is no limit to the number of Automated Payment Schedules you can create. 

Establish Recurring Payments Or One Time Payments

The Automated Payment Scheduler allows you to set up recurring payments or collections on daily, weekly, monthly basis. You can upload supporting documents to the payment schedule.

Invite Your Customers To Pay You

In addition to making payments, you can also schedule collections. Once a schedule is created, the payer will need to approve the schedule and our platform will then collect the payment as scheduled.

Establish Backup Funding Sources

By setting up multiple funding sources (Direct Debits, Cards) to fund a payment schedule, this allows your payment to go through if one of your funding sources fails (e.g. Bank card expires).

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Segregate Payments With Virtual Bank Accounts

Members are assigned Virtual Bank Accounts that are unique to them. This is usefull for segregating payments between suppliers and customers by using dedicated bank accounts.

Security & Fraud Protections

Customate provides Secure Customer Authentication for all transactions. Transactions are visible in real time.

How The Customate Automated Payment Schedules Work

Register Your Funding Sources.

Our platform allows you to transfer funds into your Customate Wallet (which has a dedictated IBAN or GBP account number & sort code) via a bank transfer from your own bank account. In addition you can load up your Visa and Mastercards or establish a Direct Debit for us to pull funds from your bank to your Customate Wallet. Once you have registered your Payees, these are stored and you don’t need to do this again.

Register Your Payees.

Our platform allows you to register your Payees by inputting the bank details of those Payees (IBAN or GBP account number & sort code). Once you have registered your Payees, these are stored and you don’t need to do this again.

Create A Payment or Collection Schedule.

Enter the details into the Scheduler for us to make the collection for you or make your payment on any frequency you choose (one time, weekly, monthly, quarterly, annually) 

You can choose to make a payment to one of your registered Payees and choose a funding source for that payment (e.g funds in your Customate Wallet or Card or Direct Debit).

You can also invite other registered members to pay you by completing a schedule. They will be invited to approve and choose their funding sources and we will then manage the collections.

Uses For The Automated Payment Scheduler

In these instances, the Buyer wants to set aside an agreed budget and limit the absolute expenditure.

The Seller wants to know that they have an approved budget that has been funded and be able to access funds instantly on completion without waiting for invoices to be processed and chasing payment.

This would be useful for any Gig economy worker including Babysitters, Gardeners, Software Developers, Marketers, etc.

In these instances, the Buyer wants to set aside an agreed budget and limit the absolute expenditure.

The Seller wants to know that they have an approved budget that has been funded and be able to access funds instantly on completion without waiting for invoices to be processed and chasing payment.

This would be useful for business professionals that want to manage the service they provide to an agreed budget and minimise the administration. Examples would include Software Developers, Accountants, Lawyers, Electricians, Plumbers, etc.

In these instances, the Buyer wants to set aside an agreed budget and limit the absolute expenditure. They want to set and forget.

The Seller wants to be able to sell the product / deliver the service against this agreed budget without invoicing for each unit and know that they have an approved budget that has been funded and be able to access funds instantly on completion without waiting for invoices to be processed and chasing payment.

This would be useful for recurring services where Buyer and Seller trade regularly with each other and the Escrow can act as a Retainer / Deposit / Pre-funded wallet. Examples would include Coffee Shops, Sports Clubs, Software Developers, Accountants, Lawyers, Electricians, Plumbers etc.

In these instances, it is beneficial for the Buyer and Seller to complete the transaction in phases but the Buyer does not want to pay for the service before it is completed.

Buyer and Seller can agree to have specified funds released upon completion of predetermined phases of the project.

Examples would include Construction Services, Property Development, Software Development, Marketing Campaigns etc.

In these instances, the success of the transaction will only be known after the transaction and in many cases the success of the transaction is outside the control of both Buyer and Seller.

The Buyer does not want to pay the Seller for the transaction until they are certain it has successfully completed.

The Seller wants to be certain that they will be paid on completion and won’t need to chase payment.

This would be useful for Long Dated Sales like Council Inspections, Domain Transfers, Car Sales (30-day inspection period), Rent Deposit etc.

Ready To Get Started?

GoCustomate is not a bank. We don’t take risks with your money, so it isn’t covered by the Financial Services Compensation Scheme. Your money is kept in a protected, ring-fenced account, safeguarded under UK Electronic Money Regulations 2011. Customate Ltd (“GoCustomate) is a company registered in England and Wales whose registered office is at  71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom and whose registered number is 11491229. Customate Ltd operates under the licence of PerfectCard DAC, authorised by the Central Bank of Ireland under the European Union (Payment Service) Regulations 2018 (Register ref: C95957) for the issuing of electronic money.