How do companies set up BACS as a payment method?

Streamline how your company pays invoices in £

If you have your bank account in the UK and you pay invoices in pounds (£), this article will help you connect your UK bank account to Oyster to streamline payments. Once you approve an invoice, funds will be automatically pulled from your connected bank account. We will only pull funds with your approval.

First, go to payments in the menu and the payment information tab and select “Add payment method”:

You will be redirected to a form where you will need to provide the email of the person that will receive an email within 3 days regarding to confirm the direct debit/BACS setup, the sort code and account number that you want Oyster to pull money from, the account holder name and billing address details:



Once you click on "Set up Direct Debit" you will get to the confirmation page where you can see a summary of the details and an explanation regarding the email notifications. If you need to edit this information you can click on the "Modify" link on the top right corner. If everything looks good, click "Confirm":

Then, you will be redirected back to the Payment information page where you will see that your account has been added and automatically verified & authorized.

You have now finished the BACS setup. This is only for companies invoiced in GBP with a bank account in the UK.

For our US customers you can check how to set ACH Debit here, and for SEPA Direct debit here.

Note that your bank must allow BACS (direct debit). Most of the banks do, however there are some cases where their client (you) have to enable it, and in other cases banks may have limits to the maximum amount to be paid by BACS. Please check with your bank if you are unsure about it.

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