eBay Motors Payment Methods

Read on to learn how PrivateAuto Pay removes payment friction from vehicle transactions on eBay Motors—or anywhere cars are sold.

What Payment Methods Does eBay Motors Offer?

eBay Motors offers the following payment options for buyers and sellers. Each of these methods has serious drawbacks.

PayPal and credit cards charge fees of 2-3%. They quickly add up to hundreds of dollars on car purchases, eating into budgets for buyers and profits for sellers.
Cashier’s checks cause delays in accessing funds and are super old-school and clunky.
Bank transfers mean sharing financial details online with strangers, which raises major privacy and fraud risks for buyers and sellers alike. They also take time to clear.
In-person cash exchanges place undue security burdens and risks on both buying and selling parties when handling thousands of dollars in cash. It’s also inconvenient to withdraw and deposit large amounts of cash.

There is a better way to transfer funds safely, cheaply, and quickly.

A Better Route for eBay Motors Payments

We got tired of dealing with the hassle of other payment methods, so we created PrivateAuto Pay.

PrivateAuto Pay is the only safe, fee-free instantaneous, convenient, and contactless payment option for high-dollar car transactions.

When it comes to receiving payments or paying for a car, the benefits of PrivateAuto Pay include.

Your PrivateAuto Pay account is actually an FDIC-ensured bank account that you own, accessed via your PrivateAuto profile.
Send or receive fee-free payments up to $1M.
Instantaneous fund transfers enable real-time deals—no waiting or coordination. Close the deal when you meet for the test drive.
Instant payments work 24 hours a day, 365 days a year. No coordinating around banker’s hours.
Easily move money from your regular bank account (checking or savings) to PrivateAuto Pay and vice versa.
No exchange of contact information or banking info—your sensitive info stays safe, protecting you from scammers.
Encrypted data protects you from hackers.
Self-service safeguards eliminate the need for an escrow service.
You can even sell or buy a car remotely with our escrow-like safeguards.

PrivateAuto Pay Features
Drivers License Verification (Both Parties)
Available in All States (USA)
Available Nights, Weekends, Holidays
No Money Transfer Fees
Transaction Amounts	Up to $1,000,000
Money Transfer Time	Instant

PrivateAuto Pay is great for users of the PrivateAuto platform, but what about people buying and selling on eBay Motors?

It turns out we created a solution for you, too.

What Is DealNow?

With DealNow, you can take advantage of the PrivateAuto transactional infrastructure, even if you’re buying or selling on eBay Motors.

Gain access to identity verification, binding legal paperwork, and instant payments. For sellers, avoid payment delays and fraud risks by bringing eBay buyers to DealNow. Receive funds instantly and keep financial information private.

DealNow for Buyers on eBay Motors

Once you’ve found your dream used car on eBay Motors and won the auction, it’s time to actually complete the deal. That’s where DealNow comes in to make the process simple and secure.

Here’s how it works:

You contact the seller through eBay messaging and provide your DealNow profile link to get the purchase started.
Schedule a test drive through DealNow’s seamless app—no email tag or exchange of contact info.
Digitally sign the bill of sale.
Make instant payment.
Take possession of the car, title, and keys.

DealNow takes over once the eBay auction ends, so you can drive away happily in your new ride without hassle.

DealNow for Sellers on eBay Motors

Once your auction ends on eBay Motors, it’s time to actually complete the transaction. That’s where DealNow comes in to make the process simple and secure.

Here’s how it works as a seller:

1. You send a DealNow link to your eBay Motors buyer (or they send one to you and you accept).
2. Schedule a test drive through DealNow’s streamlined app.
3. Digitally sign the bill of sale.
4. Get paid instantly.
5. Sign over the title and hand over the keys.

Next time you buy or sell a car on eBay, move the deal to DealNow. The transactional infrastructure delivers the convenience and assurance eBay Motors lacks.

What If I Need to Finance My Car?

It’s great if you can pay for your car upfront, but some of us need to finance our car. Fortunately, the PrivateAuto workflow makes financing easy. When you move your eBay transaction over to DealNow, you can take advantage of easy financing right within our workflow.

After a credit score check and approval, our FDIC lending partner will fund your PrivateAuto Pay account. You can then instantly send money from your PrivateAuto Pay account to the seller. There’s no need to coordinate with lenders or manage loan paperwork.

Here are some key advantages:

Everything happens in the PrivateAuto app, from the initial financing application to funding the vehicle and sending the payment.
Fast approvals. Get approved in minutes without having to fill out extensive paperwork.
Funds deposited quickly. Once approved, you’ll have financing deposited into your PrivateAuto Pay account within days.
Instant transfers. Send funds instantly to the seller right from your PrivateAuto Pay account.
Competitive rates. PrivateAuto’s FDIC lending partner offers competitive used auto loan rates.

If you’re in the market, feel free to get started with car financing here!

No more coordinating with an external bank and jumping through a ton of hoops. Experience the ease of funding your next car through PrivateAuto!

Buying or Selling A Car with PrivateAuto

Conduct private car transactions easily and safely with PrivateAuto. Our innovative platform connects buyers and sellers and gives them all the tools to complete the deal, from in-app financing to secure messaging to integrated payments. Get started with PrivateAuto today.

Sell your vehicle on PrivateAuto easily and conveniently. The sales process consists of a few simple steps:

1. Gather the required documentation
2. Create your PrivateAuto profile and get verified
3. List the car
4. Set your own terms
5. Vet incoming offers
6. Choose the buyer you like
7. Schedule the meetup
8. E-sign paperwork
9. Get paid instantaneously
10. Transfer ownership

It’s so easy. Or, if you’re in the market to buy, browse our for sale by owner listings!

eBay Motors FAQ

How can I buy a car on eBay without getting scammed?

Buying or selling a car on eBay carries risks.

Luckily, vehicle buyers and sellers can take steps to transact securely:

– Buyers should thoroughly verify vehicle details, inspect vehicles in person, and steer clear of sellers who pressure them.
– Sellers should carefully vet buyer identities and only release cars once funds are received.
– Move deals to DealNow to take advantage of PrivateAuto’s identity verification, privacy features, instant payments, and other benefits.

By avoiding hasty payments, carefully vetting deals, and using DealNow for transactions, both buyers and sellers can securely exchange vehicles and funds.

What are the most popular alternatives to eBay?

If you’re thinking about buying or selling a car online, eBay may seem like the best choice. However, it’s far from your only option these days.

Alternatives to eBay include:

– Social media. There are plenty of Facebook Groups designed to help people buy, sell, and trade vehicles. You can also list your car on Facebook Marketplace.
– Cassified ads websites. Craigslist is nationwide, but most cities have local classified ad websites for car transactions. For example, Salt Lake City, Utah, has KSL Cars.
– Other car listing websites like Cars.com, CarGurus, and Autotrader allow you to list your vehicle for sale to reach targeted buyers actively searching for cars. These sites offer various listing options.
– PrivateAuto is a secure peer-to-peer marketplace designed specifically for private party used car transactions. We handle everything from listing to paperwork to payments for a streamlined experience.

Whether you opt to use PrivateAuto, or another site, you can always take advantage of our transactional features by using DealNow.

Is cash a good method of payment?

While paying the full vehicle price in cash can save you thousands of dollars in interest payments and provide instant cash for the seller, it has many downsides.

As a buyer, lugging around physical dollars can be inconvenient, risky, and awkward when meeting strangers. And as a seller, how can you verify the legitimacy of large stacks of bills?

Here are some drawbacks to cash payments:

– For buyers, transporting cash is a hassle with risks of loss or theft. Banks have withdrawal limits, especially on weekends.
– For sellers, counting and verifying large amounts of physical cash is extremely time consuming. And how do you confirm that bills aren’t fake?
– Both parties deal with a lack of documentation. Cash provides no transaction record if disputes arise later.
– Meeting up with unfamiliar people while carrying thousands in cash raises safety issues.

PrivateAuto Pay allows you to pay cash—digitally. All the benefits of physical cash, none of the drawbacks.

Are Paypal and Venmo good payment methods?

Peer-to-peer payment apps like Venmo and PayPal seem convenient, but they have transfer limits, fees, or both.

– Low sending limits are unsuitable for high dollar transactions—Venmo has a $5K limit and PayPal has a $10K limit on personal accounts.
– PayPal’s fees of 2-3% quickly add up on large payments.

In contrast, PrivateAuto was designed specifically for high-value private party car transactions:

– Send and receive up to $1 million instantly, no limits
– Escrow-like safeguards
– Encrypted data keeps your information safe

While Venmo and PayPal work great for splitting bills, they’re unwieldy for buying a $33K Camry, to say nothing of a $100K Porsche. For Venmo-like convenience with no limits, choose PrivateAuto Pay.

What are the advantages of buying from a private seller vs car dealers?

Many people believe that buying a car from a dealer will save them money. Actually, going to a dealer is more expensive.

– Dealerships charge documentation fees above and beyond all the other taxes and fees you have to pay (the other taxes and fees are exactly the same whether you buy from a dealer or a private seller, by the way). Documentation fees can be as high as $995.
– Used vehicle dealerships usually have higher prices. Their business model is built around buying low and selling high to generate the spread that allows them to stay in business. To get the best deals, avoid the middleman and deal directly with private sellers.

When you buy a used car from a private seller on PrivateAuto, you avoid the doc fee and get a better deal.

Does PrivateAuto provide the necessary paperwork for a successful transfer of ownership?

PrivateAuto has all the paperwork you need to buy a car in any state. Each state requires different paperwork to legally transfer titles and buy vehicles from a private party. Many states require a bill of sale. Some states have their own specific forms that are required to buy or sell a vehicle in the state.

PrivateAuto manages all these forms and makes them available for both buyers and sellers to electronically sign. The entire process is only accessible by the buyer and seller, which reduces the risk of identity theft. It can be difficult to keep up with state-specific laws, particularly if you’ve moved states recently, so use PrivateAuto to ensure a smooth and legal transaction.

Do I need an escrow service when buying a car privately?

If you’ve found a good used vehicle and are ready to buy it, a legitimate escrow service can help the transaction go smoothly. Unfortunately, escrow services are expensive and cumbersome.

PrivateAuto gives you escrow-like safeguards in the palm of your hand. Where escrow services charge exorbitant fees, PrivateAuto Pay is free.

Read how PrivateAuto Pay enables remote vehicle transactions to learn more about how it can replace escrow.

Can I pay by bank transfer for a used car?

You can pay for a car via bank transfer if a seller is willing to give out their banking info. Many sellers will be uncomfortable exposing their sensitive financial information to strangers.

Aside from the risk, bank transfers are inconvenient, requiring some coordination. They also take time to clear, meaning you won’t be able to close the deal in one go.

Given these downsides, wire transfers are a suboptimal payment method, especially when you could be using PrivateAuto Pay.

PrivateAuto Pay enables instant, secure transfers without these issues. So you can conveniently and safely pay a private seller electronically in seconds, anytime.

Important Resources

Get a car insurance quote

Learn about sales taxes

License plates: to remove or not?

Get car transport

Calculate your car's value

Brad Parker

Contributing Author

Brad Parker is the CEO and co-founder of PrivateAuto, where his dynamic entrepreneurial spirit and visionary leadership are driving the transformation of the automotive industry….