Paysafe enables eCash payments for US auto loans with Exeter Finance
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.”