Payment Assist has launched an all-in-one payment platform, dubbed IGNITION, for UK dealers.
The new service gives dealerships, bodyshops, garages and fitters a single place to manage customer payments.
Chris Masters, chief commercial officer of Payment Assist, said: “IGNITION is another important step forward for Payment Assist and, more importantly, for the 9,000 automotive businesses we already support.
“Motor traders want to give customers choice when it comes to paying for repairs, servicing and other purchases, but managing multiple payment providers can add unnecessary complexity.
“Our new platform brings those payment and finance options together in one place, making it easier for garages and dealers to take payments securely, give customers greater flexibility and ultimately remove hassle from the payment process.”
The platform brings together everyday payment methods, including debit and credit cards, Apple Pay, Google Pay and Open Banking, with a range of flexible finance options.
Customers can make payments in person, over the phone or through a secure payment link.
The platform provides access to a range of options designed to help customers manage the cost of repairs, servicing and other automotive purchases.
These include interest-free short-term finance over three, four, six and nine months, Pay in 30 Days, longer-term interest-bearing finance and a range of business lending products.
The new solution also incorporates Pay by Bank, which allows customers to make secure bank-to-bank payments directly from their account.
This provides faster settlement and lower processing costs compared to traditional card payments.
