Do your tenants pay by Direct Debit?

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I'm setting up new rental business next week, and considering using Xero and GoCardless for tenant payments for ease.

Problem is I'm aware of the tenants ability to 'charge-back' a DD, and get it refunded to them. I'm worried that, say, a tenant could charge-back their last 2 years rent payments, close their account and go back to their country, leaving me high and dry.

Do any of you use DD's, and is this a risk in reality?

02/03/2018 15:11

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Martin Co
Landlord Broadband

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