TMCP Podcast #173: How To Do Automotive Person-to-Person Financial Transactions Safely
Published: Thu, 05/09/13
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TMCP Podcast- Episode #173! |
May 9, 2013 |
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The next time you buy your dream car sight unseen, it might be a good
idea to use some financial protection to insure that the car you're
buying is actually the car you're getting!
FEATURE INTERVIEW!This weeks interview is with Matt Medlock of PaySAFE Escrow. He's admittedly not a car guy (yet), but his extensive background in the banking industry led to see the need of safely doing person-to-person financial transactions (such as buying a car from a private seller) that might involve a lot of money changing hands.Long
story short, he knew that an escrow account would be the ideal way to
protect both the buyer and seller for just such a situation, but he
wasn't aware of a service out there that someone could use on the fly,
just for a single transaction. Thus....his new company PaySAFE Escrow was
born!
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