I have purchased a parking spot in a busy town which I want to rent out for a monthly fee. I have found someone who wants to pay a rent and is happy to have an arrangement indefinitely. When I have done similar things in the past when I had a business renting out equipment, I would setup a standing order. I would find out what bank they were with, get a standing order form from their bank, get them to fill in and then drop off to their bank.
But with the internet and electronic commerce is there some easier way to set this type of thing up? e.g. can I just get them to pay through some online banking arrangement?
