Direct Debit is the most popular way to make regular payments in the UK.
More than £1 trillion is collected by Direct Debit each year and during the summer of 2013 the one hundred billionth Direct Debit transaction was processed.
This comes on the back of research which shows that in 2012, Direct Debit payments outstripped those made by cash.
There's no doubt then that Direct Debit is on the march, and it's hardly surprising. It's the only system which allows businesses to take money directly from their customers' accounts and is a quick, easy and cost effective way of making sure payments come in on time.
Eazipay is one of the UK's leading and fastest growing Direct Debit processing companies. Established in 2002, the company now provides regular Direct Debit services to over 1,000 companies in a wide range of market sectors throughout the UK, Europe and beyond.
In August 2013, Eazipay administered the collection of over £28 million in Direct Debit payments.
Eazipay is extremely experienced in the field and this guide is the product of that experience.
In it, you'll find everything you need to know about Direct Debit, from what it is to how it works, its advantages, and a glossary of terms.
Whether or not you use Eazipay for your Direct Debit needs, we hope you find the guide a useful resource and that you end up being one of the ever growing number of companies who see Direct Debit as the answer to their collection issues.
The Eazipay Direct Debit Team