Bacs software - what are the upsides?
Bacs software has a number of upsides over other payment systems (including the traditional solutions of cash and cheques). Since Bacs was launched in 1968 it has become extremely popular for businesses and other organisations. Bacs payments have recently been complemented and surpassed by the FPS (Faster Payments System) service, although in practice the two acronyms are used synonymously. Bacs has huge benefits for both you and your customers. It’s not perfect, of course – no system of payment can be. But in general it represents a large improvement over the alternatives. Here are a few of them: It’s free. Customers don’t have to pay to send cash, as they do with postal orders and other similar systems. That makes it good for both small and large transfers. It’s fast.…