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Follow on Google News | Veehic Launches Used Car Buyer Escrow ServiceCreating a safer, more transparent used car purchasing experience.
By: Veehic Each day nearly 30,000 used cars are bought and sold nationwide. Veehic aims to provide a service that ensures both parties have an accountable, safe way to manage the sales transaction. Veehic’s escrow service allows private party buyers and sellers to avoid the temptation of theft. Veehic’s escrow service connects buyers and sellers during the purchase of a used car. The escrow service works with the trusted bank-level encryption to ensure all financial transactions are legitimate and funds are only released when both parties are satisfied with the purchase. The escrow service costs buyers a four percent processing fee, which is inline with other online payment portals and marketplaces, a small price to pay for security. Veehic’s escrow service is built exclusively to handle the entire automobile buying process. Sellers are assured that the funds are available and escrowed before they sign over the car title and buyers have an opportunity to do their due diligence before completing the process. “Veehic is focused on safety and accountability for buyers and sellers of used cars in Orlando, FL” says Anthony Campbell, CEO of Veehic. Anthony went on to explain that he concept behind Veehic’s escrow service occurred because he heard of too many stories about people worried about carrying thousands of dollars to purchase a car from someone they don’t know. Campbell said, “When I heard stories of people getting robbed and ripped off I knew I had to do something. Veehic’s escrow service is the answer to adding safety to the used car buying experience.” About Veehic: Veehic.com is a tech startup based in Orlando, and was featured in the Orlando Business Journal. The Veehic team graduated from Starter Studio’s Fourth Class, presented the framework at 1 Million Cups Orlando and was recently accepted into VentureScaleUp’ Anthony Campbell Campbell is the Founder and CEO of Veehic, he is a skilled programmer who looks to reshape the way private parties buy and sell used cars. End
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