BUSINESS OWNERS STAY AWAY FROM ABSA DEBICHECK

Warning all business owners using ABSA Debicheck. The mandate that gets send to your clients giving you authority to debit their account on a monthy basis means absolutely nothing. Any client can reverse any debicheck at any moment. This happened to me, and ABSA is just simply saying, there is absolutely nothing they can do about it as they can not prohibit a person to transact in their account. They can not prohibit a debicheck to be reversed. This is extremely dangerous for business owners making use of ABSA debicheck to collect their monthly usuage based accounts. This costed me huge losses. When I signed up with ABSA they assured me that a debicheck can not be reversed, now it seems to be a whole different story. Business owners, stay AWAY from ABSA debicheck as far as possible.