Adevinta-owned, the leading automotive marketplace in Germany, introduced Safe Pay — a feature designed to increase trust between buyers and sellers in c-to-c operations — at the end of last year.

According to the company, this feature will only be available to sellers whose identity has been verified so that buyers are protected. Buyers will then be able to transfer money to those sellers via an escrow service, with all their personal data — such as contact information and bank details — remaining private and protected. The payment is subsequently transferred to the seller once the buyer confirms that they have taken possession of the purchased vehicle and are satisfied with it.

“The Safe Pay feature is not only a tool for secure financial transactions but also proof of the platform’s commitment to security and the integrity of our users. We aim to effectively combat fraud attempts, and several users have already confirmed the security of Safe Pay’s transaction processes,” the company stated.

The feature was implemented in collaboration with Paris-headquartered MangoPay, which describes itself as “a leading payment solution specializing in providing payment infrastructure for marketplaces for the past ten years.” is owned by Norway-based Adevinta, which is currently in the process of being acquired by Aurelia Bidco — an investment vehicle formed by a consortium led by investment companies Blackstone and Permira — for NOK141 billion ($13.3 billion).

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