REPAY Blog

Why Businesses Should Consider Adding eCash to Their Payment Offerings

on February 15, 2024 | By Kristen Hoyman | Lenders, Auto Lender Payment Processing, Payment Technology, Credit Union Payment Processing

All consumers prefer to pay in specific ways. While it’s common knowledge that consumers overwhelmingly prefer to pay electronically with debit and credit cards or ACH, some still favor or default to cash in certain situations.

Although it may seem simple and straightforward, accepting and managing cash can be a tricky and cumbersome process for businesses, requiring time and resources and often exposing businesses to risk and security issues.

Expanded Payment Options Improve Auto Loan Performance

on May 7, 2020 | By Kristen Hoyman | Debit Cards, Auto Lender Payment Processing, Payment Technology

Are you using payment technology to manage your loan portfolio effectively? A 2019 Experian study shows auto loan debt is at a record high. As an auto lender, your first thought might be, “Well, of course. Cars are more expensive, and more people finance them now.”

Managing Delinquencies in Subprime Auto

on April 14, 2020 | By Kristen Hoyman | Lenders, Auto Lender Payment Processing, Payment Technology, ARM Collections Payment Processing

Delinquencies were increasing before the virus outbreak. What happens now? Even before the massive drop in economic activity due to COVID-19, there were signs of trouble brewing on the subprime loan side of the auto lending market. Now more than ever, it's important for subprime lenders to understand and effectively manage these delinquencies.

Tax Season is a Huge Payment Opportunity for Auto Dealers & BHPH

on February 26, 2020 | By Kristen Hoyman | ACH / EFT Processing, Debit Cards, Lenders, Auto Lender Payment Processing, Payment Technology

Take advantage of one of the few times of year you KNOW your customers have money for both down payments and loan payments.

The average tax refund last year was $2,869, according toMarketwatch.

REPAY Forms Partnership with Arizona Independent Auto Dealers

on August 27, 2019 | By Liz Anderson | Events, Auto Lender Payment Processing, Partners

REPAY recently formalized a partnership with the Arizona International Automobile Dealers Association (AIADA). We are proud to announce we are an endorsed payment processor for AIADA members and provide auto dealers credit card processing.

"The AIADA is excited to partner with REPAY. REPAY is locally owned and operated in Mesa, Arizona," said Dave Warkentin, Executive Director of AIADA. "With staff on hand with decades of experience working in auto dealerships, they are uniquely positioned to provide...

Auto Lenders Can Decrease Delinquencies by Offering Multiple Ways to Pay

on April 24, 2019 | By Kristen Hoyman | Auto Lender Payment Processing, Payment Technology

Auto lenders are facing a big problem: credit quality is deteriorating. Private lenders and buy here pay here lenders are getting hit the hardest.

A New Approach to Service: Automated and Unassisted Payments

on November 5, 2018 | By Kristen Hoyman | Auto Lender Payment Processing, Payment Technology

There’s no doubt that consumer preferences are evolving quickly while expectations for high quality service continue to rise. Dealers not only have to identify the right mix of product and service offerings to attract new customers, they must consider how to effectively nurture these customers past the initial sale to develop long term relationships and establish recurring revenue streams.