Automotive payment processing: How it works and what it costs
Automotive payment processing is how a dealership, auto repair shop, automotive parts supplier, or automotive software provider accepts a customer's payment and moves the money into its bank account. It's the same basic process behind a vehicle sale, a service invoice, and a parts counter charge, but the cards, channels, and fees can differ. For automotive businesses, payment processing answers one practical question: how does the money get from the customer to the business, and what does it cost on the way? This guide covers everything you need to know about automotive payment processing.