difference between standing order and direct debit
The important differences between direct debit and standing order are given below: 1  Direct Debit is defined as a banking transaction in which an organization is permitted to withdraw funds from another personâs account. 2  In direct debit, the payee is having full control over the payments. Conversely, standing order only the payer can control over payments. In direct debit, the transaction amount may vary from month to month, whereas in standing order the amount of transaction is already fixed.