Pay the garage, collect from the customer, in one facility
The repair happens now, the customer pays over weeks, and the garage wants paying today. Three timelines, two parties, one job, and if the payout and the collection do not reconcile against that job, your margin is a guess.
Paying now, collecting later, same job
A customer needs a repair they cannot pay for in one go. You pay the garage for the work, promptly, because the garage will not release the car otherwise.
The customer then repays over weeks or months, often in variable amounts if their income is tight, which is common for unexpected repair finance.
The garage payout and the customer collection are two sides of one job. Run them separately and you cannot see, per job, whether the collection is keeping pace with what you advanced.
The payment mix that fits
Not one rail. The two to four that match how money actually moves here.
Hold and reconcile each job, segregating the garage payout from the customer collection.
Pay the garage the same day, referenced to the job.
Collect from the customer in variable amounts within a limit they set, when income is tight.
Your flow of funds, orchestrated
When a repair is financed, the garage is paid over Faster Payments from a settlement account that ties the payout to the job. The customer repays over commercial VRP, taking an affordable amount each cycle within a limit they set. Payout and collection reconcile against the job on one ledger, so you can see, per repair, whether collection is keeping pace with what you advanced.
Every book moves money differently. We map your flow of funds and quote one integration across the rails that fit.
Related
Payments for auto repair and trade finance: FAQs
The garage is paid over Faster Payments and the customer collected over commercial VRP, but both reconcile against the same job on one ledger, so the facility's position per job is clear.
Yes, over commercial VRP, within a limit the customer sets, which suits unexpected repair finance where income is often tight.
Yes, over Faster Payments, referenced to the job, so the car is released and the payout reconciles.
Tell us how you get paid
Send us the mix of payments you take and make, and we will quote one integration across the rails that fit, priced on your volume.