C-to-b used car marketplace Motorway has launched real-time payments for Motorway Pay, which means dealers can move money in and out of their Motorway Pay wallets at any time.

They can also transfer payments for vehicles instantly at the point of purchase.

Their funds are fully protected, with only authorized users able to withdraw money, the company said.

A year since the launch of Motorway Pay, it has handled more than £1.2 billion ($1.5 billion U.S.) in transactions for dealers.

Motorway COO James Wilson said: “When we launched Motorway Pay last year, our mission was to build a powerful, secure, and robust solution that makes buying cars on Motorway easier than ever before,” MotorTrader reports.

‘With real-time payments and online withdrawals, our aim is to provide even greater flexibility and control when buying stock online with Motorway.”

“This is just the start of more to come, as part of our ongoing commitment to maximising value through technology and supporting our dealer partners to grow their businesses profitably.”

Motorway allows dealers to buy cars directly from private sellers, with market leader WeBuyAnyCar its main rival.

In February this year, Motorway launched Motorway Move, a vehicle appraisal, collection and delivery service to save dealers time.

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