Manage payments on behalf of car buyers, dealers, and individual sellers, generating new revenue for your marketplace without any extra overhead.
Add another revenue stream to your marketplace by collecting a custom set fee on every transaction without employing the necessary payments, fraud, and support specialists needed to manage it all.
Facilitate the collection and disbursement of holding deposits and entire car purchases
Collect a flat or percentage fee from car buyers, dealers, individual sellers, or any combination you prefer
Create referral opportunities and revenue through the on-selling of insurance, accessories, and more
Offer users choice and convenience, while providing a safe and secure experience without leaving your site
Car buyers can make payments of any size using their preferred payment method, simply and quickly, on any device they like, and without the need for paper checks or visits to the bank.
Pay for car holding deposits, entire car purchases, and release funds only when satisfied
Multiple payment methods including credit and debit cards, bank transfers, and PayPal
Buyers can pay anywhere, on any device at any time in a simple, convenient, and hassle free way
No need for cash, paper checks, time wasted visiting banks, or trips to dealerships to make payment
Car dealers and individual sellers can easily collect car payments quickly and efficiently, reducing the need to chase buyers and deal with extra hassle, allowing them to take the car off the market faster.
Dealers and individual sellers can collect car holding deposits and entire car purchases in minutes
Sellers can secure car buyer payments quickly allowing them to take cars off the market faster
No need for cash, paper checks, time wasting visits to the bank, or chasing car buyers for payment
Dealers can use custodian, trust, or holding accounts managed by PromisePay, or use their own
Silicon Valley is finally turning its attention to the auto industry, and we see good reason to be excited about the next-gen upstarts that are changing the way we buy, sell, use and pay for cars.
Perfect for collecting and disbursing car payments
For a car buyer to hold or reserve a vehicle, your marketplace can collect a holding deposit and disburse it to dealers or individual sellers.
For the sale of a vehicle, your marketplace can facilitate the entire transaction between car buyers and dealers or individual sellers, simply and compliantly.
Collect full payment from the car buyer upfront, hold it securely in escrow, then release the funds to the dealer only once the warranty period has expired
To collect advertising fees from agents or property owners, your marketplace can create automated subscription billing, reminders, and payment collection.