Direct Debit Guide - How Direct Debit Works | Direct Debit

how Direct Debit works

Once a Direct Debit is in place, it is the merchant who initiates the payments. The customer doesn't have to do anything.

It is the merchant who decides when the money comes out and how much they are going to take. Naturally, the customer has to be informed first!

And the transaction is entirely bank-to-bank. There are no cards involved and all communication happens strictly between the banks.

Direct Debit with Eazipay

With over 20 years experience in the Direct Debit collections industry, Eazipay is perfectly placed to help you save time and money by establishing regular payment collection via Direct Debit.

Setting up Direct Debits online with Eazipay, or adding a new payer for the first time, takes a few simple steps:

    • First, you just need to send us the information about your new payer
    • We’ll then give the bank five days notice that there is to be a new Direct Debit
    • On day ten, we’ll then debit the payer’s account and the funds will be credited directly into the unique client holding account which we personalise in your company name
    • Cleared funds are then transferred to your account on day twelve

Eazipay Limited are authorised and regulated by the Financial Conduct Authority, number 615816 under the Payment Services Regulations 2009 for the provision of payment services.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at

© eazipay 2015 | sitemap | quality policy

site by prussian blue + tIMC

cookie policy

our website uses cookies and similar technologies to help make this website better Read More

happy to accept?



Cookie Policy

Our Cookies Policy explains what cookies are, how we use cookies, how third-parties we may partner with may use cookies on the Service, your choices regarding cookies and further

What are cookies

Cookies are small pieces of text sent by your web browser by a website you visit. A cookie file is stored in your web browser and allows the Service or a third-party to recognize you and make your next visit easier and the Service more useful to you.

How Eazipay Ltd uses cookies

When you use and access the Service, we may place a number of cookies files in your web browser.

We use cookies for the following purposes: to enable certain functions of the Service, to provide analytics, to store your preferences, to enable advertisements delivery, including behavioural advertising.

We use both session and persistent cookies on the Service and we use different types of cookies to run the Service:
- Essential cookies. We may use essential cookies to authenticate users and prevent fraudulent use of user accounts.

For the full disclosure section, including all types of cookies, please click here.

Third-party cookies

In addition to our own cookies, we may also use various third-parties cookies to report usage statistics of the Service, deliver advertisements on and through the Service, and so on.

What are your choices regarding cookies

If you'd like to delete cookies or instruct your web browser to delete or refuse cookies, please visit the help pages of your web browser.

Please note, however, that if you delete cookies or refuse to accept them, you might not be able to use all of the features we offer, you may not be able to store your preferences, and some of our pages might not display properly.

More information about cookies

If you would like more information regarding Cookies please visit the below site:
ICO (Information Commissioner’s Office) -