Motobyo Online Payment Protection Services
Breathe easy knowing that all your transactions are safe and secure. We handle the vetting so you can concentrate on the more important things…like getting that new car!
Motobyo Online Payment Protection Services
Breathe easy knowing that all your transactions are safe and secure. We handle the vetting so you can concentrate on the more important things…like getting that new car!
Learn More About Our Online Payment Protection Services
Learn More About Our Online Payment Protection Services
Buying or selling a car online usually involves thousands of dollars changing hands.
But the fact that 59% of Americans say they have been a victim of cybercrime or a computer hacking attempt shows you can never be too careful when conducting a transaction.
If you have any concerns about sending or receiving money when completing an online purchase, online payment protection is one way to set your mind at ease.
Whether you’re a buyer or a seller, you can protect your payments with the Motobyo Payment Protection service.
Online Car Payment Protection: What does it cover?
Online Car Payment Protection: What does it cover?
Motobyo’s Payment Protection service is a safety net. It allows both buyers and sellers to complete secure car payment transactions with total peace of mind.
So, how does the online car payment protection service work?
Essentially, Motobyo acts as an intermediary, guaranteeing the payment and safely handling the transfer of funds.
When the Seller Owns the Car Outright
When the Seller Owns the Car Outright
When a seller owns the car outright, and there are no outstanding loans on the vehicle, the buyer or the seller decide whether they want to use Motobyo’s online car payment protection service.
If they decide that they would like the reassurance of payment protection security, the process is as follows:
When the seller has an outstanding loan on the vehicle
If there is an outstanding automobile loan on the vehicle, the Motobyo Payment Protection service is mandatory. Because lenders are often listed on the title document of a car, the title can only be transferred to a new name once the loan has been settled. Motobyo Payment Protection service helps both buyers and sellers manage this process:
- The buyer and seller agree on a sale and a price for the car.
- The buyer transfers funds to Motobyo Payment Protection.
- Motobyo uses the funds to pay the lender and clear the auto loan.
- Both lender and seller transfer ownership of the vehicle to the buyer.
- Motobyo releases any remaining funds, transferring them to the seller’s chosen account.
When the seller has an outstanding loan on the vehicle
If there is an outstanding automobile loan on the vehicle, the Motobyo Payment Protection service is mandatory. Because lenders are often listed on the title document of a car, the title can only be transferred to a new name once the loan has been settled. Motobyo Payment Protection service helps both buyers and sellers manage this process:
- The buyer and seller agree on a sale and a price for the car.
- The buyer transfers funds to Motobyo Payment Protection.
- Motobyo uses the funds to pay the lender and clear the auto loan.
- Both lender and seller transfer ownership of the vehicle to the buyer.
- Motobyo releases any remaining funds, transferring them to the seller’s chosen account.
What happens if something goes wrong?
What happens if something goes wrong?
- Buyer Protection
- Seller Protection
*Since your money is kept safe by Motobyo, you don’t need to worry about being out of pocket if something goes wrong.
*If the seller fails to transfer ownership of the car, Motobyo will simply return your payment to you.
How Payment Protection Secures Your Sale
How Payment Protection Secures Your Sale
Payment protection plans offer seller protection too.
If you’re not comfortable exchanging cash in person — or if you’re selling your car to a buyer who lives miles away — an online car payment protection service is particularly useful.
With the Motobyo Payment Protection service, you only release the car and associated documents once Motobyo has received the agreed payment from your buyer.
So you’re never left wondering if and when a payment is going to land in your account.
If a buyer doesn’t transfer money via the Motobyo Payment Protection service, you don’t transfer ownership of your car. It’s that simple.
If a buyer doesn’t transfer money via the Motobyo Payment Protection service, you can cancel the sale and find someone new to sell to.
We offer services designed to protect both buyers and sellers from fraudulent transactions
Payment protection plans offer seller protection too.
If you’re not comfortable exchanging cash in person — or if you’re selling your car to a buyer who lives miles away — an online car payment protection service is particularly useful.
If a buyer doesn’t transfer money via the Motobyo Payment Protection service, you don’t transfer ownership of your car. It’s that simple.
If a buyer doesn’t transfer money via the Motobyo Payment Protection service, you can cancel the sale and find someone new to sell to.
We offer services designed to protect both buyers and sellers from fraudulent transactions
With the Motobyo Payment Protection service, you only release the car and associated documents once Motobyo has received the agreed payment from your buyer.
So you’re never left wondering if and when a payment is going to land in your account.
Protect My Auto Purchase Payment with Motobyo
Protect My Auto Purchase Payment with Motobyo
Motobyo is on a mission to make private, online car sales as safe, secure and transparent.
That’s why — in addition to online payment protection — we offer a range of other protection services, designed to protect both buyers and sellers from fraudulent transactions:
Want to insure yourself against repair costs? Choose from a range of coverage options and rest easy knowing that you won’t have to pay out of pocket for covered repairs.
We cover the basics, so you can concentrate on buying or selling a car for the right price.
Ready to find your new set of wheels?
Ready to find your new set of wheels?
And if you want to sell your car, enter your details here to get a super speedy valuation to get started.
