NAEDO Collections
Get paid as soon as funds become available.

Ready to get started? Sign up now!


Choose from either our Web or Pro Solutions below.

MyGate Web Solution

MyGate Web is an Internet based solution that gives you the ability to use the MyGate Web Console to manage NAEDO collections. The Web interface eliminates the need to upload files and store data, but still allows a range of functionality. Data is stored on MyGate’s servers in a secure environment. This solution is typically recommended for monthly debit orders of 100 or less.

cloud-opt

MyGate Pro Solution

The MyGate Pro solution enables companies to directly upload a NAEDO collection file. The solution includes modulus checking, full payment administration and comprehensive reconciliation reporting – all operated online and accessible by the MyGate Web Console.

cog-opt

Key Benefits

Fully automated NAEDO collection and management system

  • Reduce your costs as you only pay for a successful or unsuccessful debit
  • Increase collection rate and control debit order costs
  • Reduce internal collection costs overheads
  • Better budget planning
  • Decrease delinquency in accounts

Key Features

Customer collection information at your fingertips when you need it – in real-time

  • Automated changing of action dates and tracking dynamically
  • Track accounts for available funds
  • Reduce unpaid charges
  • Track up to 32 days

Processing Times

Same Day Value (SDV)

The Same Day Value service provides the ability to submit and deduct a NAEDO debit on the same day that the debit is to take place. NAEDO submissions must be received by MyGate no later than 11:00 am of the action date. The debit will appear on the customer’s account on the day after the action date, but will be effective from the action date.

Two Day Value (TDV)

The Two Day Value service requires NAEDO debits to be submitted to MyGate two full business days prior to the action date. The NAEDO batch must be received by MyGate no later than 11:00 am.

time2-opt