Car Dealerships Accepting Crypto as Payment Method: DRIVAR Case Study

As a luxury or sports car dealership owner, you’re always looking for ways to deliver a premium experience. From offering top quality, high-performance vehicles to providing exceptional customer service your clients expect. However, there’s another key element that can improve the buying experience even further – your payment methods.

With over 560 million crypto owners worldwide, accepting crypto is not just a trend – it’s a strategic opportunity that allows businesses to tap into a growing market, diversify payment options, and set themselves apart from competitors.

You’ve probably heard the hype around crypto, but you might be wondering: “Why should I care?” or “What’s in it for my business?” So let us break down the key reasons why integrating crypto payments could be the next big move for your business.

Why Should Car Dealerships Consider Accepting Crypto?

Well, the short answer is: possible revenue and growth. By not accepting crypto payments, you could be turning away potential clients without even knowing it.

But the benefits don’t just stop there. Here’s why accepting crypto is worth considering:

• Global Accessibility
  Cryptocurrency transactions are borderless, making it a great solution for international clients. Whether your customer is from Stockholm, Zurich, or Madrid, they can pay in crypto without worrying about currency exchanges or waiting days for payments to process. Crypto operates 24/7, allowing clients to make instant cross-border transactions.

• Faster Payment Processing
  Traditional payment methods, especially for high-value transactions, can be slow. Wire transfers may take days to clear, causing stress for both you and your client. Crypto payments are faster, often processed in minutes, saving valuable time and improving the buying experience for clients that want to pay in crypto.

• Lower Transaction Fees
  Credit card processing fees and wire transfer costs can add up, particularly for large purchases. Crypto transactions typically come with lower fees, which means more savings for you and your clients.

DRIVAR Case Study: Accepting Crypto for Luxury Car Rentals

DRIVAR, a leading luxury and sports car rental marketplace, recently started accepting crypto payments with the help of Swapin. They now give their high-end clients the flexibility to pay with cryptocurrencies like Bitcoin, Ethereum, USDC or other stablecoins.

DRIVAR’s clients can rent a car using their preferred digital assets, while the business receives the equivalent in Euros in their bank account, thanks to SwapinCollect’s instant conversion feature. This partnership brings added convenience and flexibility for car enthusiasts in Germany.

“At DRIVAR, we see a great demand in the field of crypto and blockchain technology. Customers repeatedly ask us if we offer crypto payments. Swapin seems to be the perfect partner for strategic positioning in this direction. We are happy to work together.“

– Christopher Kohn, Head of Marketing at DRIVAR

Accept Crypto Without Having to Deal With It

One of the main concerns for luxury businesses when it comes to cryptocurrency is volatility and regulations. How can you offer these payment methods without technical knowledge or expertise in dealing with them?

That’s where solutions like SwapinCollect come in. It provides a way for car dealerships to accept crypto payments without having to deal with crypto at all.

How does it work? When a customer pays you in crypto, Swapin automatically converts the payment into EUR and transfers Euros directly to your business bank account. You’ll receive the full invoiced amount without any price volatility or the need to manage or own a crypto wallet.

SwapinCollect: Secure Crypto Payment Processing

SwapinCollect makes accepting crypto payments easy. Here’s how:

• No crypto handling required: You don’t need to have extensive knowledge about crypto or even hold a wallet. Our platform handles everything for you, so that your business can receive EUR in your bank account and continue to focus on regular business operations.

• No extra fees: Our solution is designed so that your client pays the transaction fees, meaning there are no extra costs for your business. You’ll receive the exact invoiced amount every time.

• Licensed and secure: We know trust is important. Swapin is fully regulated, licensed, and audited by Grant Thornton, ensuring that your transactions are handled with the highest standards of security and compliance.

• Easy accounting: All payments are converted automatically into Euros and processed with payment description as requested by you (for example, invoice #4691), so your accounting team can continue using their standard processes without needing any specialized knowledge in crypto.

• Free setup: You don’t need technical expertise to get started. You’ll be ready to start accepting crypto payments from your clients in one business day.

Why is Now the Time for Car Dealerships to Start Accepting Crypto Payments?

• Growing Market  

The number of people using cryptocurrencies is growing fast. Currently, there are over 560 million crypto owners globally, up by 120M compared to last year. Offering crypto payments can bring in new customers who want the convenience and speed that digital currencies offer.

• Premium Client Experience

Offering crypto payments enhances the overall customer experience by providing convenience and modernity. Clients who value both luxury and technology will appreciate having the option to pay with their digital assets.

• Stay Ahead of Competitors

As more luxury brands adopt crypto payments, early adopters will have a competitive advantage. Accepting crypto now positions your car dealership as a leader in innovation.

Your Car Dealership Can Be Next

Luxury car and sports car dealerships accepting crypto, along with other high-end brands, not only meet the growing demand, but also position their businesses as leaders in innovation.

With solutions like SwapinCollect, you get the best of both worlds – accepting crypto while receiving Euros in your business bank account. Let Swapin handle the crypto while you can focus on delivering the luxury service your clients expect.

Lead the industry by adding crypto as payment method via SwapinCollect today. Fill out the form here to get started!

FAQ (Frequently Asked Questions):

Q: Do I need to hold or manage crypto?
– No. All payments are automatically converted to EUR and transferred to your bank account, so your business never needs to hold any crypto or own a crypto wallet.

Q: Are there any additional costs for me as a merchant?
– No, the client pays the transaction fee.

Q: Is it difficult to integrate into my existing payment systems?
– Not at all. SwapinCollect is designed to integrate easily into your current payment process without requiring technical expertise. You just create a regular invoice for the customer and add a payment link with it.

Q: Is it safe for my clients to use SwapinCollect for large transactions?
– Yes, Swapin is fully licensed, regulated, and audited. We provide you with the same level of security and trust as traditional payment processors.

Q: How are the payments converted?
– Payments are converted to fiat (EUR) the moment a transaction is made and deposited directly into your business bank account.

Q: Is Swapin secure and legal?
– Absolutely. Swapin holds an EU license and is audited by Grant Thornton to ensure maximum security and compliance.

Stay informed by subscribing to our weekly industry updates newsletter on LinkedIn here, and joining our community on Telegram here. Follow us on social media for more updates from Swapin.