One of the country’s leading direct debit and automated payment processing companies, Eazipay Ltd, has reported a record breaking start to the year with over £252m worth of direct debits processed on behalf of its clients in the first four months of 2019.
Just over £207m was processed over the same period in 2018, representing a 21% increase of almost £45m.
In April 2019, Eazipay recorded its best ever month for direct debit collections when £75.6m worth of direct debits were processed on behalf of its clients. That’s an increase of over £24m on the same month in 2018.
The Cambridgeshire-based company, which collects and processes direct debit payments on behalf of SMEs, is also no stranger to posting industry-leading annual results and has broken processing volumes year on year since 2008.
In the year ending December 2018, over £644m worth of direct debits were processed on behalf of its clients – up 19% compared to the same period in 2017 when £543m worth of direct debits were processed (which itself was a previous company all-time record).
Luisa Grey, Eazipay’s director, comments: “The incredible success story behind Eazipay is due, in large measure, to the dedication and professionalism of the Eazipay team who show unstinting commitment to our clients in helping them to access the real benefits that collecting payments by direct debit delivers.
"It’s also a testament to the fact that collecting money owed by direct debit is increasing in popularity. 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.”
Eazipay, which currently 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.
Based on its latest figures, 2019 is shaping up to be another high-water mark for the Cambridgeshire company.