Trying to get info on banking services in Taiwan is a nightmare. Does anyone know anything about what is required to set up a direct debit facility in Taiwan?
I am not talking about paying my bills by DD. I’m talking about being able to collect payment from customers.
I know that in other countries you usually need to have a high volume of transactions, and I believe that there are some financial guarantees required. I’m not sure exactly but I think you have to put down some kind of deposit, or maybe not have access to the money you collect for a certain period.
I found a company in the UK that manages DDs for SMEs, presumably by setting up a facility for themselves and then handling collections for their clients: eagleconsulting.co.uk/
It took one email to find out their costs, reply within two hours. Does anyone know of a similar service in Taiwan? Would such a thing even be legal?