Eazipay raises the bar with record performance levels
June 14, 2013
Eazipay Ltd, a leading Direct Debit processing company based in Cambridgeshire, is celebrating an unprecedented start to 2013 with record breaking business performance levels.
A staggering Â£75.5 million worth of Direct Debits have been processed on behalf of its clients during the first four months of 2013, signalling the company's best ever opening period in its 11 year history.
Over Â£17.4 million worth of Direct Debit collections were processed each month during April and March; however, February 2013 lays claim to Eazipayâ€™s best ever month when Â£24.5 million worth of Direct Debits were processed on behalf of clients.
A host of new companies signing up to Eazipayâ€™s Direct Debit services since the start of the year have also contributed to the growth of the business and its increasing customer base, which now boasts over 1,000 companies in a wide range of market sectors throughout the UK, Europe and beyond.
In April, for example, Eazipay set up over 6,600 new Direct Debit payers as part of a charity promotion with Bacs, the organisation behind Direct Debit, which raised hundreds of pounds for Marie Curie Cancer Careâ€™s Great Daffodil Appeal.
Luisa Grey, Eazipayâ€™s Director, comments, â€œThe start of 2013 has been absolutely amazing for us. Processing volumes are increasing all the time, new customers are constantly coming on board and weâ€™re forging associations and partnerships with more and more businesses nationally and throughout Europe.
â€œCompared to the first four months of 2010, weâ€™re now experiencing a 166% increase in Direct Debit processing volumes, which, considering the turbulent market conditions over the past few years is a fantastic achievement.
â€œThe business is clearly going from strength to strength and Iâ€™d like to thank all of our staff and business partners for their hard work, commitment and continued support.â€
Luisa attributes much of the increased demand to the certainty that Direct Debits offer at a time when many companies, even successful ones, are struggling to be paid on time by their customers.
â€œThe fact remains that â€˜cash is kingâ€™ and companies continue to hold onto their cash as a hedge against uncertain economic timesâ€, adds Luisa. â€œWith a Direct Debit system in place, companies know exactly when they are going to be paid and can manage their cash flow much more easily.â€
NOTES TO EDITORS
About Eazipay Ltd
- Established in 2002 by local entrepreneurs Kathy and Ron Bradney, and their colleague, Luisa Grey, Eazipay Ltd has become one of the UKâ€™s fastest growing Direct Debit processing companies.
- Eazipay 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 February 2013, Eazipay recorded its best ever month for Direct Debit collections when Â£24.5million worth of Direct Debits were processed on behalf of its clients.
- Eazipay was awarded â€˜Affiliateâ€™ status from Bacs, the governing body for Direct Debit processing in the UK payments industry. The company is now a member of an exclusive group of 38 other Bacs Affiliates, which includes representatives from some of the UKâ€™s leading businesses, banks and building societies, as well as government organisations and banking technology providers.
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