More records tumble at Eazipay
 

More records tumble at Eazipay

June 15, 2018

Cambridgeshire-based Direct Debit and automated payment processing company, Eazipay Ltd, has reported a record breaking start to the year with over £156 million worth of Direct Debits processed on behalf of its clients in the first quarter of 2018.

Just over £132 million was processed over the same period in 2017, representing an 18% increase of almost £25 million.

Eazipay collects and processes Direct Debit payments on behalf of SMEs – companies which are too small to be considered a ‘safe-bet’ by banks and so lose out when it comes to accessing the benefits Direct Debits offer to all companies, not just large ones.

“Small to medium enterprises are the backbone of the UK economy and yet, because of their size, turnover and length of time they have been trading, together with the perceived risk they pose, small companies frequently find themselves prevented from collecting monies they are owed by Direct Debit. This puts them at a huge disadvantage and has a negative impact on their cash-flow,” says Luisa Grey, a Director at Eazipay.”

By working with Eazipay, SMEs can have access to receiving payments they are owed by Direct Debit and enjoy all the benefits that larger companies have: reliable, regular invoice payments and the peace of mind of knowing that money owed will be collected in full, on time and paid over with a minimum of delay.

“More and more SMEs are recognising the business benefits of being paid by Direct Debit and are using Eazipay to make that happen,” adds Luisa.

During April 2018 alone, Eazipay processed over £51 million worth of Direct Debits on behalf of its clients. That’s an increase of over £10 million on the same month in 2017.

Year on year, Eazipay has literally been piling on the pounds. In 2014, for example, the company processed over £329 million in Direct Debits. In 2017, the company processed over half a billion worth Direct Debit payments – an increase of 65%.

And according to the company, 2018 is poised to be another hugely successful year with over £207 million in Direct Debits processed so far.

In the current climate where all manner of threats are buffeting SMEs, Direct Debit is a tried, tested and proven method of being paid on time – as more and more SME’s are realising.

For further press information, please contact:

Damion Clark at Real PR (Consultants) LLP. Tel: 01353 667934 or 07789 911314 Email: damion@realpublicrelations.com

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. www.fca.org.uk
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 www.financial-ombudsman.org.uk

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