Safe buying and selling of vehicles - even internationally
With the PAYLAX digital escrow service, you can buy and sell cars safely without the risk of advance payment - even across national borders.
- Real buyer and seller protection
- Fast and cashless processing
- Settlement via insolvency-secured escrow accounts
- Secure payments up to € 25 million
- Simple and inexpensive alternative to bank guarantees
- + 273 Mio. €
- + 186 Mio. $
- + 57 Mio. £
Volume of created digital escrow payments in 2020
Secure and cashless payment processing for vehicle purchase and sale on site
transfer by forwarding agent
Safe transfer if the personal hand-over of the vehicle is not possible
This isHow it works
2. Deposit money
Your business partner joins the escrow payment and the buyer deposits the agreed purchase amount of the vehicle by credit card, SOFORT (Klarna) or bank transfer to the escrow account. PAYLAX informs the seller (owner of the vehicle) about the receipt of money.
3. Hand over or transfer vehicle
Once the money has been received, an appointment can be made for the vehicle handover or the vehicle can be handed over to a freight forwarder for transfer. By depositing the money, the buyer confirms his intention to buy and the payment can be handled securely and cashless.
4. Release money
Once the buyer has received and checked the vehicle, he releases the money via PAYLAX. Depending on the agreement, the release can also take place as soon as the vehicle is handed over to the shipping company. Both parties immediately receive confirmation of the release and the money is irrevocably forwarded to the seller. The seller can now withdraw the amount free of charge by bank transfer or via transferwise.com to his bank account.
With PAYLAX, you can trade cars such as vintage cars, sports cars, motorcycles, mobile homes or commercial vehicles with strangers without worries.
The seller does not receive the money until the buyer has received and verified the goods or service. The release must be made via the PAYLAX account of the buyer.
The buyer cannot withdraw the money without the express consent of the seller. It is not necessary to pass on bank details to the buyer
Are you running a marketplace, online shop or an online platform?
Offer your customers a secure and simple payment method and increase their confidence in your platform.
Simple and inexpensive payment method
With PAYLAX, you can create a link in a few seconds to request or send money securely and cost-effectively. Escrow protection offers maximum security and is particularly suitable for transactions concluded between two parties via the Internet.
Existing payment service providers usually do not offer sufficient protection. The risk of fraud increases especially in transactions with unknown persons and in cross-border shipments. PAYLAX's step-by-step processing reduces the risk and allows you to act without worries. The willingness alone to handle the purchase transaction via an escrow service underlines the seriousness and integrity of the parties involved.
Protection for both parties
PAYLAX's aim is to protect both buyer and seller from fraud and to make the payment secure and fair for both parties. The deposited funds are kept safely in an insolvency-proof escrow account until the transaction is concluded. The buyer is given the opportunity to inspect the goods or service before the funds are released. The seller delivers only after receipt of payment and is protected against unexpected chargebacks.
Suitable for goods, services and deposits
There are no limits to the purchase transaction via PAYLAX. In addition to buying and selling goods such as cars, boats, jewellery, watches, furniture, electronic goods, PAYLAX can also be used for services and deposits.
Trusted payment service provider
pay & relax GmbH, operator of the PAYLAX trust service, is a Stuttgart-based company and was founded in 2015. PAYLAX is based on a cooperation between pay & relax GmbH and MANGOPAY SA, an authorised and CSSF (financial supervisory authority) supervised e-money institution in Luxembourg. Client funds are held in insolvency-protected escrow accounts. EUR deposits via Bank Transfer are processed by Commerzbank in Germany, deposits in GBP and USD are processed by Barclays Bank in London and transfers in CHF, AUD and CAD are processed by BNP Paribas in Luxembourg.
our customers say about us
Caglar Y. – Import / Export
With PAYLAX, I could get bargains abroad that I wouldn't otherwise have gotten for fear of fraud.