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EDDI - Eazipay's Direct Debit Interface. An online portal to access and manage your Direct Debit accounts. find out more

Direct Debit offers certainty in uncertain times

July 15, 2020

Confidence 6241

Despite increasingly difficult trading conditions and widespread uncertainly during the Covid-19 pandemic, SMEs are turning to Direct Debit as a means of collecting payments from their customers.

Cambridgeshire-based Eazipay Ltd, a leading Direct Debit and automated payment processing company, has seen a growth in processing volumes and an increase in the number of new sales as more and more businesses choose to use Direct Debit rather than relying on costly invoicing and the risk of extended payment delays.

In June 2020, Eazipay processed over £65 million worth of Direct Debits on behalf of its clients, representing a 5% increase compared to the previous month. April, however, represents Eazipay’s best month of 2020, when just under £88 million worth of Direct Debits were processed - up 14% compared to the start of the year when £77 million was recorded at the end of January.

A host of new companies signing up to Eazipay’s Direct Debit services over the past three months have also contributed to the rise in demand for its services and its growing customer base, which now boasts over 1,600 companies in a wide range of market sectors throughout the UK, Europe and beyond.

Luisa Grey, a Director at Eazipay, comments, “More and more businesses are realising that collecting their monies by Direct Debit is not only safe, secure and reliable, but also that automated payment processes like Direct Debit is one of the best ways for ensuring that they are paid on time.

“With paperless sign up via telephone, email or online, Direct Debit is also a great option for businesses where meeting customers face to face simply isn’t possible.”

The dramatic increase in Eazipay’s volume of work, coupled with record sales over the last three months, is a clear indication that in these uncertain times more and more businesses are recognising that collecting payments by Direct Debit is the single most efficient way of controlling and regularising their cash flow.

“If companies want to avoid late payments and the untold damage that not being paid on-time carries with it, then insisting that your customers pay you by Direct Debit is the simplest, most convenient and crucially, reliable, form of invoice collection. adds Luisa.

Cambridgeshire-based Eazipay, which currently employs 31 full and part time staff, has been at the forefront of collecting and processing automated payments like Direct Debit for over 17 years.

In addition to its Direct Debit collection service, Eazipay also offers a range of other automated payment processing services including Direct Credit transactions, SEPA Direct Debits for payment collection in Euros, and a card payment service allowing its clients to collect and process customer payments via debit and credit card.

For further press information, please contact:
Damion Clark at Real PR (Consultants) LLP. Tel: 01353 667934 or 07789 911314 Email: damion@realpublicrelations.com

See what people are saying and how we are being rated in Google reviews:

★★★★★

James Simpson
SkinViva Ltd
Wonderful company. They offer a very efficient service with a quick turnaround time between Direct Debits being processed and the funds being transferred to your business...

★★★★★

Karen Steel
A very efficient service, always prompt to reply to emails and queries. Never have any problems with our Direct Debits. When I first started my role as Financial Controller I had never dealt with Direct Debits before and my predecessor had left me with no instructions...

★★★★★

William Bailey
We are an independently owned self storage facility and have worked with Eazipay for the past 5 years. Our account manager Jazzmine M is professional, proactive and deals with all of our requests in a efficient and timely manner. I would recommend Eazipay without hesitation.

★★★★★

Mark Allen
Eazipay have been a fantastic help to our business. Their rates are reasonable and they have always been efficient and proactive. We are in our fifth year of using Eazipay and would gladly recommend them to anyone. They have been invaluable to us.

★★★★★

Paddy Jeyaseelan
Local Guide
Eazipay have been my direct debit collection provider for more than 6 years and have helped my business grow and make the process of direct debit collections straightforward and manageable...

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