![](https://thepaymentsassociation.org/wp-content/uploads/sites/7/2020/05/money-3-768x491.jpg)
BACS – Late payments costing smaller UK businesses more than £2bn per year
The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs