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11 February, 2020 - 17:22 By Kate Sweeney

£4bn payback and Eazipay raises bar with record start to 2020

Cambridgeshire company Eazipay has seen its direct debit processing and collection volumes break the £4 billion barrier.

In January 2020 alone, over £77 million worth of direct debits were processed on behalf of clients – a mix of SMEs and corporate organisations. This took the Ely-based company’s total processing volumes to more than £4.015bn since the figures were first collated in 2008.

The current success follows Eazipay’s best ever year for processing volumes and overall performance. At the end of December 2019 over £822m worth of Direct Debits had been processed, compared to a total of £644m for 2018 – its previous record-breaking year.

Luisa Grey, Eazipay’s director, said: “We’re enjoying a fantastic start to the year in terms of business growth and success. Processing volumes are increasing all the time, new customers are constantly coming on board and with the launch of new payment services and systems’ integrations we’re forging partnerships with more and more businesses nationally and throughout Europe.

“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 has 31 full and part time staff, has been at the forefront of collecting and processing automated payments like direct debit for over 17 years.

It 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.

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