Your invoice and DD payments process will be initiated at the same time the current settlement process.
If the balance due to you from Laybuy is negative (due to Laybuy Tap to Pay transactions) and you have a DD mandate setup allowing Laybuy to debit from your nominated account, then the payment will be requested.
You will receive an email notification from GoCardless stating that Laybuy will be debiting money from your nominated account in two days' time. Details that will appear on your bank statement are also included in the email.
There will be a minimum amount to be collected per day. The minimum amounts are as follows
- NZ - $2NZD
- AU - $2AUD
- US - $2USD
- UK - £1GBP