How Direct Debits work with Eazipay

Direct Debit is an instruction from a person to their bank or building society that authorises Eazipay or another organisation to collect money from their account.

The first time you set up Direct Debits online or add a new payer:

1. You send Eazipay, the Direct Debit company, the information about your new payer.
2. Eazipay gives the bank five days notice that there is to be a new Direct Debit
3. On day ten, Eazipay debits the payer’s account and moves the money into a client holding account
4. Cleared funds are transferred to your account on day twelve.

Once your client is on the Eazipay system, the payments go through automatically in the frequency you specify – monthly or as infrequently as annually. Eazipay offers customer-fririendly Direct Debit solutions that help your business and your clients.

Direct Debit is a trustworthy name:

• If you increase or decrease your charges, Eazipay will inform your customers 5 days in advance. The increase is implemented automatically
• If an error is made, the Banks and Building Societies will refund the money immediately to their account holders
• A Direct Debit can be cancelled in writing at any time by either party

The Direct Debit Guarantee is supported by all banks and building societies that offer Direct Debit services.

Is Direct Debit right for your business? Let us help you find out with our FREE consultation.