Direct Debit

Creating a direct debit mandate
As a Lender on Lendsqr, you can create a mandate to collect funds that were booked outside the Lendsqr ecosystem. This can be done by creating a direct deb...
Sat, 3 Feb, 2024 at 3:36 PM
Creating a mandate schedule
Direct debit mandates offer flexibility by enabling you to supplement existing schedules within a signed mandate. This feature is particularly useful when y...
Wed, 31 Jan, 2024 at 8:40 PM
Editing the schedule
A mandate schedule can be easily modified on the Lendsqr admin console after it is created. This involves making changes to the details of the mandate after...
Fri, 1 Nov, 2024 at 12:30 AM
Locating a specific user's direct debit mandate
After a user has signed/created their Direct debit mandate, you can find the mandate on the user’s profile.  Use the steps outlined below to locate a us...
Sat, 2 Mar, 2024 at 11:36 PM
How to Enable E-Mandate Direct Debit for Lenders on the Lendsqr Admin Console
Direct debit has been a convenient feature in our system for some time now. While you can refer to our previous articles for more details, we acknowledge th...
Wed, 31 Jan, 2024 at 9:08 PM
How to confirm the status of a mandate
You can check the status of any mandate created by yourself or your customers. To do this, take the following steps: 1. Log in to your your Lendsqr Admin c...
Sat, 30 Mar, 2024 at 9:41 PM
How to Require Direct Debit Mandate Creation During User Onboarding
If your organization uses direct debit for payments, you may want to require new users to provide a direct debit mandate when signing up.  This ensures ...
Thu, 4 Apr, 2024 at 4:16 PM
Understanding mandate activation transactions
We are excited to announce enhancements to our mandate activation process, designed to make it easier for you to track progress and provide better insights ...
Fri, 1 Nov, 2024 at 12:28 AM
How to deactivate a direct debit mandate
Sometimes, you might need to deactivate a direct debit mandate that has been activated previously but could be reactivated later. Whether it's for tempo...
Fri, 1 Nov, 2024 at 12:21 AM
How to cancel a direct debit mandate
Direct Debit is a convenient way to automate loan repayments, ensuring timely debits directly from a borrower’s bank account. However, there may be instance...
Fri, 1 Nov, 2024 at 12:22 AM