As part of our commitment to a smooth payment process, HyperionDev utilizes both standard Debit Orders and DebiCheck mandates for ongoing payments. Here’s how it works:
1. Debit Order Mandate Form
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Purpose of the Mandate
The debit order mandate is a formal agreement signed by the student or sponsor during onboarding, after the first installment is paid. It authorizes HyperionDev to collect future payments directly from your account. -
Coverage
This form covers both standard Debit Orders and DebiCheck mandates, ensuring flexibility and security.
2. Payment Authorization Process
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DebiCheck Authorization
HyperionDev will initially attempt to authorize a DebiCheck mandate with our trusted Finance Partner. DebiCheck provides an extra layer of security by requiring electronic approval from the payer. -
Fallback to Standard Debit Order
If the DebiCheck mandate cannot be authorized, for any reason, we will automatically revert to a standard Debit Order for future payments, allowing for uninterrupted processing.
3. Onboarding and Authorization
During the onboarding process, we’ll arrange a call with the student or sponsor to set up and authorize the DebiCheck mandate, ensuring all parties have full clarity on payment terms and the chosen method of debit order.
This system ensures flexibility and security in managing your payments, whether through DebiCheck or a standard Debit Order, and offers the peace of mind that payments are managed seamlessly.