Most Popular Payment Methods
When it comes to the forms of payment they accept, auto transport firms aim to be as flexible as they can for their clients. You might be shocked to hear that not every step of the transaction will allow you to pay using a credit or debit card.
At first, you WILL be able to pay using a credit or debit card. Most auto transport firms require a deposit when you make a reservation, while a few will let you pay the entire amount up front. Cashier's check or even cash can be used to pay for this deposit if they have physical locations you can visit. Credit or debit cards are also acceptable forms of payment. Depending on the rules of the specific auto transport business, bank transfers and personal checks are also an option.
If you have only paid a deposit up to this stage, you will need to pay the remaining payment once your vehicle has been delivered. However, unlike at the beginning, many auto transport firms do not let you pay the remaining payment with a debit or credit card. In most cases, you will have to pay with cash or a cashier's check instead.
There are two primary causes for this, which are as follows:
Auto transport businesses want to prevent fraudulent credit card or debit card claims. The payment for the auto transport company could be withheld if a client filed a complaint with their bank.
Auto transport firms are able to avoid the processing fees that they would have to pay by just accepting cash or cashier's checks or cash. These costs can change, but they typically range from 2% to 4% of the outstanding balance. This builds up over time to a sizable sum for the auto shipping business and can significantly affect their yearly profit.
Payment Methods to Avoid
You should never consent to either of the two payment choices listed below:
Upfront payment in full
A Down payment that represents substantially more than 50% of the total price
Companies that try to charge you the aforementioned two prices are probably trying to con you in some way, shape, or fashion. Do not consent to it. Avoid engaging in any sort of discussion with them if they offer you either of them. Find a different vehicle shipping business.
Be Alert to Scams
Always look up the auto shipping firm on websites like the Better Business Bureau, which may be found at www.bbb.org. Never divulge your social security number or any private financial information. Companies are generally honest because there is too much exposure for them to engage in fraud.
Any issues you may have regarding payments can be answered by Rapid Auto Shipping, which offers flexible payment alternatives. Call us right away to begin!
