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Late payments research reveals cost to mental health

January 20, 2020

mens mental health1

Late payments are hitting the mental health of small business owners, according to new research published by Pay.UK, which runs the Bacs Direct Credit and Direct Debit payment services.

More than a quarter (26 per cent) of SME business owners stress about late payments even when they are not at work. Seventeen per cent say that payment delays undermine their own confidence in their ability to run a business and 16 per cent worry about the issue every working day.

Read more ...

Cash use continues to decline

UK cash payments fall by 50% over past 10 years

January 14, 2020

cash 22

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.

Read more ...

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.

Read more ...

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.

Read more ...

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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