Please reconsider if Pearler still needs to force accounts to provide authority to Direct Debit from a bank account.

DD authority is risky for some users.

There may be times when price fluctuations occur after Pearler have sent a trade to be executed.

In this case, Pearler would allow the account to go into negative balance and automatically withdraw the difference via DD at a later stage, rather than cancelling the order.

This is risky for users who may have committed X-amount of dollars to a trade, only to be overcommitted if the market moves the wrong way underneath the order.

This scenario could send a bank account into overdraft, costing extra bank fees.

The PayID feature now allows for fast manual deposits into our Pearler account.