Just won a car auction? Congratulations! You’ll usually find that there are a lot of payment options to choose from—wire transfer, money order cashier’s check, credit/debit card and more. But what’s the most convenient way to pay? We looked at the security, speed and convenience factors of payment methods on Copart.com to determine one of the strongest payment options for the average consumer in the U.S.—a credit card.
If you’ve ever paid for anything online, you’re probably familiar with the speedy process: you enter your credit card info and then the payment goes through almost instantly. It’s especially convenient when you’re paying for things that need to be processed relatively quickly, for example online auctions. When you’re dealing with a purchase that could possibly incur a late fee, it’s a real time-saver to use a payment method that goes through immediately. In addition to convenience, certain credit cards can also give you rewards in the form of miles, point, or even cash for making purchases, and big purchases can be somewhat lucrative if managed properly.
Since fraud prevention and security is at the top of our minds, it’s worth mentioning that credit card companies tend to resolve issues of fraud more quickly than other payment methods, and some even look after you by proactively monitoring for it. And if there are any issues, most credit card companies have support numbers that you can call for assistance.
Next time you’re bidding on cars at Copart.com, try using credit for a quick and easy experience. Paying with credit puts you in the fast lane.