Check drafts for auto dealers collecting from other businesses

How do auto dealers usually get paid?

Business-to-business payments between dealers and their commercial customers still run on checks: a check from the other store on a dealer trade, a wholesaler's check, a fleet account's monthly service payment.

Each one waits on someone else's accounting office, a signer and a courier or the mail.

Where do check drafts help?

• Dealer trades, when the other store would rather approve a payment than cut and send a check.
• Wholesale buyers who pay by check.
• Fleet and commercial accounts in service and parts, billed every month.
• Any business customer that says "we'll send a check" for a deal that's already done.

Which authorization fits best?

For a single trade or wholesale deal, a one-time approval for the exact amount. For a fleet or commercial account you invoice every month, a blanket authorization with a cap per draft.

DraftPay is for business payers only. It isn't for collecting from retail car buyers.

What does a typical week look like with DraftPay?

1. 1

   Drop in the invoice or check

   Quick Draft reads the payer, bank details and amount, and matches the customer you already have.

2. 2

   Your customer approves

   From an emailed link, or not at all under a blanket authorization or one you already have on file.

3. 3

   Print the drafts together

   Approved drafts wait in your print queue. Print them in one batch on blank check stock.

4. 4

   Deposit and move on

   Deposit them at your own bank. Every draft keeps its signed record.