Crypto Payments for Automotive Sales
Revolutionize car sales with secure, fast crypto payment solutions for dealerships and automotive businesses.
Industry Overview
The automotive industry includes dealerships, manufacturers, and aftermarket services selling vehicles and parts. It involves high-value transactions, often with international buyers or crypto-wealthy customers.
Challenges in the Industry
- High transaction fees for large purchases (e.g., cars costing $30,000+).
- Slow cross-border payments for international buyers.
- Need for secure, transparent payment methods for high-value deals.
- Managing payments across multiple dealership locations.
How Big White Pay Helps
Big White Pay enables car dealerships to accept crypto payments via QR codes on Android-based terminals at showrooms or through online payment links. The white-label solution allows large dealership chains to brand the platform and monitor transactions across locations. AML/KYB and MiCA compliance ensure secure, regulated transactions, while on/off-ramping converts crypto to fiat for dealers. This appeals to crypto-rich buyers, especially for luxury or exotic vehicles.
Key Benefits
- Up to 3% savings on transaction fees for high-value sales.
- Attracts affluent, crypto-savvy customers.
- Centralized transaction oversight for multi-location dealerships.
- Enhanced security and compliance for global buyers.
Use Case Example
Real-World Application
A luxury car dealership uses Big White Pay’s white-label platform. A customer scans a QR code on a showroom terminal to pay $100,000 in Bitcoin for a sports car. The platform verifies the transaction, ensures MiCA compliance, and converts the payment to fiat, saving the dealership $2,500 in credit card fees.