Discover Germany | Special Theme | Fintech
Easy Car Pay for peace of mind Buying a car is a challenging task when the seller is unknown. The innovative app Easy Car Pay delivers exactly what it promises: it is simple to use and makes sure the seller only receives payment when the car is delivered.
vehicle is handed over, the buyer releases the payment. The money is then paid to the seller. It could not be simpler.
TEXT: MARILENA STRACKE I PHOTOS: EASY CAR PAY
This means the payment does not involve any cash and it can be managed online with just a few clicks. If the price is lowered during the handover process, maybe due to some faulty bits, the excess amount is returned to the buyer’s account. For sellers, this transaction is hugely beneficial as it protects them from counterfeit. It also means they do not have to store large amounts of cash or rely on problems with bank transactions.
Thanks to the rise of the internet, buying a car is easier than ever before. But the involved risks are equally bigger. Often, we do not know the person selling their car and vice versa. This is where the Cologne-based company Easy Car Pay bridges the gap and functions as a trustworthy middleman. Nobody wants to drive around with large sums of cash, but transferring to a person you do not know is also unnerving. What if the seller did not disclose certain defects? What if the seller does not even exist? CEO of Easy Car Pay Jan Hardorp explains: “On top of that, due to the money 56 | Issue 54 | September 2017
laundering act there are many new legal requirements for these transactions, making it even more challenging. The elimination of 500 euro notes has also made it more difficult. So there is a growing demand for a system that simplifies buying and selling cars.” Easy Car Pay, which can be accessed via app or PC, offers today’s safest and most comfortable car payment option. The steps are easy. The buyer or seller offers to use Easy Car Pay for the payment and both register. The buyer then deposits the payment into their Easy Car Pay account. As soon as the money is paid, Easy Car Pay will inform the seller and, when the
Why using Easy Car Pay brings peace of mind is really a no-brainer. Check out the app or their website to find out more on how to register.
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