01353 864949

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

Eazipay sets new record as SMEs turn to Direct Debit to secure cashflow

November 19, 2020

Breaking News 624

Cambridgeshire-based Eazipay, one of the UK’s leading Direct Debit and automated payment processing companies, is celebrating a major milestone having just recorded its best ever month for Direct Debit processing and collection volumes.

A staggering £97.6 million worth of Direct Debits were processed on behalf of its clients during October 2020, representing a 24% increase (or £18.9 million) compared to the previous month, and up 11% when compared to its previous monthly record set in April this year.

Despite increasingly difficult trading conditions and the widespread uncertainty caused by the Covid-19 pandemic, Eazipay has now collected and processed a total of £771.6 million worth of Direct Debits since the start of the year – representing a 14% increase (£97.5 million) compared to the same period in 2019.

Luisa Grey, Eazipay’s Director, comments, “We still don’t really know how long the current uncertainty will last, or how deeply the impact of the current pandemic will be felt. Thankfully, for our clients, however, our latest figures show that they are back on track and possibly through the worst of it.

“As it stands our processing volumes are up 14% compared to this time last year and if things continue as they are we expect to record our best ever year in terms of processing and collection volumes at the end of 2020, which, with all things considered, will be an amazing achievement.”

A host of new companies signing up to Eazipay’s Direct Debit services over the past few 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.

“More and more businesses are realising that collecting their monies by Direct Debit is not only safe, secure and reliable, its also one of the best ways of ensuring that they are paid on time”, adds Luisa.

“If companies want to avoid late payments and the damage it can cause, then insisting that your customers pay you by Direct Debit is the simplest, most convenient, and reliable form of invoice collection. 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 an option.”

Eazipay, which employs 29 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...

NOTE! This site uses cookies and similar technologies.

cookies : our website uses cookies and similar technologies to help make this website better : read more here or are you happy to accept ?

 

 

Cookie Policy

Our Cookies Policy explains what cookies are, how we use cookies, how third-parties we may partner with may use cookies on the Service, your choices regarding cookies and further

What are cookies

Cookies are small pieces of text sent by your web browser by a website you visit. A cookie file is stored in your web browser and allows the Service or a third-party to recognize you and make your next visit easier and the Service more useful to you.

How Eazipay Ltd uses cookies

When you use and access the Service, we may place a number of cookies files in your web browser.

We use cookies for the following purposes: to enable certain functions of the Service, to provide analytics, to store your preferences, to enable advertisements delivery, including behavioural advertising.

We use both session and persistent cookies on the Service and we use different types of cookies to run the Service:
- Essential cookies. We may use essential cookies to authenticate users and prevent fraudulent use of user accounts.

For the full disclosure section, including all types of cookies, please click here.

Third-party cookies

In addition to our own cookies, we may also use various third-parties cookies to report usage statistics of the Service, deliver advertisements on and through the Service, and so on.

What are your choices regarding cookies

If you'd like to delete cookies or instruct your web browser to delete or refuse cookies, please visit the help pages of your web browser.

Please note, however, that if you delete cookies or refuse to accept them, you might not be able to use all of the features we offer, you may not be able to store your preferences, and some of our pages might not display properly.

More information about cookies

If you would like more information regarding Cookies please visit the below site:
ICO (Information Commissioner’s Office) - https://ico.org.uk/for-the-public/online/cookies/