How Mobile Autokeskus Sells Cars Using Swapin’s Crypto Payment Solutions

The automotive industry is one of several sectors embracing the advantages of crypto payments. Leading the way in Estonia is Mobile Autokeskus, a well-established and reputable used car dealership. Thanks to Swapin’s crypto payment solutions for merchants, their customers now have the option to pay with cryptocurrencies, offering more flexibility and convenience.
Mobile Autokeskus aka “Car Aftermarket Boss”
Founded in 1997, Mobile Autokeskus has established itself as a leading seller of used vehicles in Estonia. With over 26 years of experience in buying, selling, and brokering used cars, the company handles over 1,000 cars annually.
Known for their personalized customer service, Mobile Autokeskus has built a loyal customer base by adapting to new trends and constantly improving clients’ experiences. That’s why their team took the step of integrating crypto payments through Swapin, enabling their customers to now buy cars using cryptocurrencies.
Businesses Adapting to Latest Payment Trends
With the rising popularity of cryptocurrencies, more and more customers are looking for ways to make large purchases like cars with their digital assets. In fact, a study by leading advisory firm Forrester Consulting found that businesses adopting cryptocurrencies experience a rise in customers and a 2% increase in average order values (AOV).
Mobile Autokeskus saw this growing demand for crypto payments among their customers too, so they wanted to find a reliable solution that would allow them to accept crypto without having to handle the complexities of cryptocurrencies.
Accept Crypto Payments with SwapinCollect
Swapin, an EU-licensed crypto payment solutions provider, makes it easy for businesses to accept cryptocurrencies while receiving Euros in their bank account. With SwapinCollect, the dealerships can support payments in Bitcoin (BTC), Ether (ETH), USDC, and other top cryptocurrencies.
By offering crypto payments, Mobile Autokeskus joins a growing list of businesses experiencing the benefits of digital currencies.
Here’s how it works:
- The customer chooses their desired car and asks to pay in crypto
- Mobile Autokeskus provides the customer with an invoice and payment link
- The customer pays in the cryptocurrency of their choice Swapin instantly converts it to Euros, which are then deposited to Mobile Autokeskus’ bank account
This process eliminates any risk for the merchants, in this case a car dealership, as all transactions are settled in EUR.
CEO Silver Havamaa’s Perspective
In a recent TV interview, Mobile Autokeskus CEO Silver Havamaa shared his positive experience with crypto payments:
“We use a licensed virtual currency provider from Estonia – Swapin. It’s very secure. If you have crypto, there’s no need to exchange it first anymore – you can just come and buy a car. Swapin supports most of the top used cryptocurrencies. Customers tell our team that they want to pay with crypto, and we provide the invoice with a payment link. There’s no risk for us as a merchant – we still get paid in EUR.”
Watch the interview with Silver here:
Crypto Payment Solutions for Car Dealerships
For car dealerships like Mobile Autokeskus, the ability to accept crypto payments offers 3 key advantages:
- Fast Transactions: Crypto payments are processed instantly and settled in Euros in your business bank account
- Customer Convenience: Crypto owners don’t need to convert their assets into EUR before purchasing, making the buying process smoother and faster.
- No Risk: Businesses receive Euros in their bank accounts, with Swapin managing the conversion at the moment of payment.
Did you know? A survey by Kaspersky revealed that 32% of respondents would use crypto to purchase a vehicle if the option was available. This shows that more people are open to using crypto for everyday purchases, signaling a possibility for merchants.
A Growing Market of Crypto Owners
Mobile Autokeskus has noticed an increase in customer interest in crypto payments. The option appeals to a growing market of buyers who hold cryptocurrencies and value the ease of using their digital assets for big purchases.
The partnership’s success has even been featured on national television in Estonia, including TV3 evening news. The segment highlights how customers can now buy cars using cryptocurrencies and emphasized the growing trend of crypto payments for larger transactions like cars and real estate.
You can check out the news segment featuring Swapin’s CPO, Edward Rebane, here:
Future of Crypto Payment Solutions
As more industries adopt crypto, Mobile Autokeskus is leading the way in the Estonian automotive sector. Their partnership with Swapin is proof that this payment method is not just feasible, but also beneficial for both businesses and customers.
Interested in accepting crypto payments at your store too?
Contact us today to get started – fill out this form, and our team will reach out!
FAQ (Frequently Asked Questions):
Q: How do I get started?
– Setting up a new account with Swapin is straightforward and typically takes just 1 business day. This includes the time needed to review the documents provided during the verification process. Once your business account is verified, setting up your SwapinCollect payment link only takes a few minutes, allowing you to start accepting crypto payments quickly.
Q: What are the fees?
– SwapinCollect operates with zero fees for businesses. Your customers cover the transaction costs, which are as low as 0.8% per transaction. Check our detailed fees page for more information.
Q: How quickly will I receive funds in my bank account?
– With SwapinCollect, you’ll benefit from instant SEPA payouts. In most cases, funds are transferred to your business bank account in EUR immediately after the customer completes the crypto payment.
Q: Which cryptocurrencies are most accepted?
– Swapin supports a wide range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and more. This allows your customers to choose the crypto they’re most comfortable using.
Q: How secure is it to accept crypto payments?
– Swapin is an EU-licensed and Grant Thornton audited crypto payment solutions provider. Our platform adheres to the highest standards of security and compliance.
Q: Do I need a crypto wallet to accept payments?
– No, your business doesn’t need a crypto wallet. Swapin handles the crypto conversion and transfers the funds directly to your bank account in EUR, so you never have to manage cryptocurrency directly.
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