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Cash use continues to decline

UK cash payments fall by 50% over past 10 years

January 14, 2020

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Market commentary by Luisa Grey, Director, Eazipay Ltd

We’re hearing more and more talk of the a ‘cashless society’. Almost every day there is another story in the media of bank branches and rural ATMs closing, or pubs, restaurants, charities and shops going cashless. A ‘cashless society’ is now a familiar and well used phrase. And rightly so…

Ten years ago, six out of every ten transactions in the UK were cash. Now it’s three in ten. And, according to Access To Cash’s ‘Access To Cash Review Final Report’, in fifteen years’ time, it could be as low as one in ten.

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Essential dates published for planning 2020 automated payments

December 27, 2019

2020 calendar

Businesses can now easily plan ahead to avoid missing important payments in 2020, thanks to a new processing calendar published by Pay.UK, the home for Bacs Direct Credit and Direct Debit.

Outlining all of the public holidays throughout next year, the free-to-download guide also highlights the dates when Bacs payments should be submitted, in order to avoid non-processing days.

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It's time to act, not talk as SMEs face £23.4 billion late payment debt burden

December 16, 2019

late 2019

The latest Late Payment’s research from Bacs makes sobering, if not shocking reading, according Eazipay Ltd, one of the UK’s leading automated payment processing companies.

Far from continuing the downward trend of recent years, the late payment burden shouldered by UK SMEs has rocketed – up from £13 billion in 2018, to £23.4 billion today. An increase of £10.4 billion in twelve months.

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Save £45.00 with Eazipay's referral scheme

December 11, 2019

refer banner lwo

Our industry-leading reputation is built on exceptional levels of customer service and support – and saving our clients’ money wherever we can!

Which is why we want to remind all our customers about the Eazipay Referral Scheme, where you can earn a £45.00 Credit Note against your regular fees.

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don't leave Christmas payments until the last minute

December 11, 2019

xmas payments 11

Businesses across the country are being urged to plan ahead and be aware of non-payment processing days if they have essential payments to make over the Christmas and New Year holiday periods.

If bills or salaries are due to be paid or collected on Christmas Eve (Tuesday 24 December), for example, then the latest date Bacs payment files can be submitted is Friday 20 December.

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