Teams up with BitPay to increase flexibility and remove friction from
the payment process
Company also launches Instant Loan Pre-Approval Service at Check-Out
Much like Tesla Motors, Beepi continues to reshape the antiquated process of buying a car – a person’s second largest financial purchase – by removing complex barriers. Once a customer selects “check-out” on the Beepi site, they will then be prompted to click “payment options” and can select the bitcoin icon to purchase the car with bitcoin. Through Beepi’s partnership with BitPay, the buyer can complete their purchase using bitcoin while the seller still receives cash. Beepi is offering a
“The automotive industry is at the forefront of bitcoin adoption and we see that trend continuing to grow with companies like Beepi leading the way. The beauty of ecommerce and sites like Beepi is that the inventory of all cars is accessible across the country for purchase as well as expanding the base of potential customers including those who hold bitcoin and are looking for things to buy,” explained BitPay Executive Chairman and Co-Founder
To further streamline the payment process, Beepi will also now offer customers pre-approval for loans and financing from one of its financing partners at check-out. As part of this process, Beepi will pre-approve a customer based on its own proprietary multi-pronged assessment and then work with financial institutions from national banks to local credit unions to secure the loan at a rate lower than 3%. Customers will then sign associated paperwork at the time of the car delivery.
In addition, the company plans to add a QR code option for buyers to purchase a car through their mobile devices. With these initiatives, buyers will be able to pay for any car in the Beepi marketplace with the crypto currency, a bank transfer, cashier’s check or up to six different credit cards at once.
This announcement comes on the heels of Beepi’s recent
Founded by Ale Resnik, CEO, and