Paysafe Enables eCash Payments for US Auto Loans With Exeter Finance
April 28 2022 - 4:00AM
Business Wire
Exeter customers can now make safe and secure online cash
payments with Paysafecash®
Paysafe (NYSE: PSFE), a leading specialized payments platform,
today announced a new partnership with Exeter Finance LLC, a
leading indirect auto finance company headquartered in Irving,
Texas. Paysafe is expanding its presence in the payments space for
U.S. auto finance by offering its Paysafecash online cash, or
eCash, solution as a payment method for Exeter customers.
After entering the American auto financing payments market in Q2
2021, Paysafecash is now available as Exeter’s newest alternative
payment method and first eCash solution for the company’s 500,000+
customers. These customers can make payments safely and securely
online using Paysafecash, a payments solution for unbanked and
underbanked consumers, or anyone who chooses to pay with cash.
To make a loan payment, an Exeter customer simply logs-in to
their account and selects Paysafecash as the payment method,
generating an online barcode they either store digitally or print.
After locating one of the 70,000+ U.S. convenience stores,
pharmacies or dollar stores that serve as Paysafecash payment
points, the customer presents the barcode and completes the payment
in cash.
Udo Müller, CEO of Paysafe’s eCash division, said: “We’re
delighted to partner with Exeter Finance, which shares our
commitment to promoting financial inclusion in the U.S. Whether
they are buying a car to get to work or take the kids to school,
Exeter Finance customers favoring cash now have the alternative of
Paysafecash, which meets their payment preferences and facilitates
their overall loan repayments.”
Troy Miller, Executive Vice President of Servicing Operations at
Exeter Finance, commented: “We are excited to offer yet another
payment option to our more than half a million customers.
Paysafecash provides them with a safe, easy way to pay using cash,
and we’re pleased to have such an alternative available to enhance
our customers’ experience.”
###
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading
specialized payments platform. Its core purpose is to enable
businesses and consumers to connect and transact seamlessly through
industry-leading capabilities in payment processing, digital
wallet, and online cash solutions. With over 20 years of online
payment experience, an annualized transactional volume of over U.S.
$120 billion in 2021, and approximately 3,500 employees located in
10+ countries, Paysafe connects businesses and consumers across 100
payment types in over 40 currencies around the world. Delivered
through an integrated platform, Paysafe solutions are geared toward
mobile-initiated transactions, real-time analytics and the
convergence between brick-and-mortar and online payments. Further
information is available at www.paysafe.com.
About Paysafecash®
Paysafecash, from leading integrated payments platform Paysafe,
is an eCash payment method for customers who want to pay online
easily and safely using cash. Available in nearly 30 countries,
Paysafecash makes online transactions possible for customers, who
do not have a debit or credit card, or who do not want to use them
online. Payments are made by generating a barcode during the online
checkout, which can then be scanned and paid for in person at one
of more than 190,000 payment points. Paysafecash was launched in
2018 by the same Paysafe team who created the award-winning,
prepaid cash solution paysafecard in 2000. A market leader in eCash
payment solutions, paysafecard allows customers to buy prepaid
vouchers that they can then redeem online.
About Exeter Finance
Exeter Finance LLC is an indirect auto finance company
headquartered in Irving, Texas. Founded in 2006, the company
underwrites, purchases, services, and securitizes retail
installment contracts from U.S. automobile dealers. Exeter works
with more than 12,000 dealers and over 500,000 customers nationwide
providing indirect financing for both new and used vehicles. The
company has a serviced finance portfolio of $8.5 billion. For more
information, visit www.exeterfinance.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220428005140/en/
For further information about Paysafe: Nick Say, Senior Manager,
Corporate Communications, North America, Paysafe T: +1-514 452-8747
/ E: Nick.Say@Paysafe.com
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