Vagopass offers a new secure and instant payment solution to protect against scams when buying and selling a used car.
Vagopass is the alternative to a cashier’s check for secure payment between individuals for car transactions.
This web application allows you to send and receive funds for the purchase and sale of a used vehicle securely, quickly and at low cost.
The Vagopass startup was born in end 2017. Its two co-founders, Julien Valet and Clément Thierry, wanted to develop an alternative to the cashier’s check for people selling or buying a used car.
The cashier’s check is according to them an outdated and too unreliable means of payment since it can be falsified and the risk of fraud cannot be avoided completely.
Furthermore, once issued, the amount of the cashier’s check can no longer be changed, which does not leave the possibility for the buyer to negotiate the price of the used vehicle in front of the vehicle.
Without Vagopass, all negotiation terms must be discussed and prepared in advance which may be sometimes very hard to reach.
With the Fintech Vagopass, the two entrepreneurs achieved their objective since they developed a reliable, secure, accessible and affordable payment application.
Going to a banking establishment to issue or cash a cashier’s check is not mandatory anymore with Vagopass as payment can be managed entirely from your smartphone, with relatively quick payment processing times.
The service is free for the buyer. The payment amount can be conveniently modified at the very last minute.
Support service is available 6 days a week. One can even imagine that Fintech Vagopass will develop its services for other types of purchases in the future!
Original and innovative, this application has already attracted large companies, it is indeed supported by BNP Paribas and LCL.
Vagopass is an excellent solution if you want to buy or sell a used car under the best conditions.