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What are the advantages and disadvantages of Bacs payments?

Bacs is the number one payment method businesses use to pay their employees or suppliers in the UK. Despite a growing number of alternative payment types, Bacs is the cheapest way to make standard payments. However, there are negatives such as slow payment times and inflexibility.

April 20, 2021
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Latest blog

What are the advantages and disadvantages of Bacs payments?

Bacs is the number one payment method businesses use to pay their employees or suppliers in the UK. Despite a growing number of alternative payment types, Bacs is the cheapest way to make standard payments. However, there are negatives such as slow payment times and inflexibility.

April 20, 2021