Whether you are planning to ship one vehicle or multiple vehicles at a time, this article will help understand the best payment methods based on your shipping services and shipping options. Continue reading this article to explore various payment options and ways to get the most out of your services.
Over the past few years, the shipping payment process has become more straightforward and feasible. Customers can pay for the services using their credit/debit cards or cash on delivery methods, based on their service and budget preferences. Being aware of the different payment methods will help you select the best options and avoid getting trapped in the fraudulent agenda of service providers.
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Popular payment methods of Auto Shipping Services
Here are some popular payment methods to choose from when booking services from an auto transport company.
1. Upfront deposit
The upfront deposit method is when customers are required to pay a certain deposit or portion of their shipping cost to car before the shipment process. Most auto shipping companies ask for a certain deposit at the time booking is made to confirm your shipment.
The deposit amount is usually between 10 to 50 % of the total shipping amount. The deposit is charged by the shipping companies as they don’t want to take the full risk of transporting the vehicle without any guarantee of payment for the services.
2. Prepaid Services
This type of payment method is rare and not charged by most shipping companies. In this method, customers are required to pay the entire amount in advance to avail of the shipping services.
Prepaid services might be most beneficial if you are transporting expensive vehicles from renowned and recognized shipping companies in the market. Otherwise, it is recommended to avoid such services.
3. Payment After Completion
Payment after the completion of services is one of the best and safest methods of payment. In this payment method, customers are required to pay the entire amount only after the completion of the services. You don’t have to worry about paying the deposit or other extra charges before the shipment process.
To avoid fraud or getting involved with misleading customers, shipping companies usually create a shipping contract stating certain service factors and methods of payment. You will have to sign the contract with shipping companies before the shipment process takes place.
Payment options to avoid
Under no circumstances one should ever agree to some payment methods usually not prefered by most shipping companies. Here are the two popular payment methods to avoid while finalizing your services.
● Full Payment
It is important to understand that a reputable and reliable auto transport company will never ask their customers to pay the entire amount before the start of the shipment process. Most fraudulent and misleading shipping companies use such tactics to attract customers’ attention by offering service at unrealistic prices.
● Deposit More Than 50%
You should avoid investing in shipping companies that ask for deposits that are more than 50% of your overall shipping costs or more than the market rate. Anything beyond 50% is quite risky and should be avoided.
Conduct background checks and online research to learn more about the service providers. Invest in companies with greater experience and good reputations in the market.
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