Company Information

Get to know PayCar

Founded in 2015, PayCar established itself as a trusted third-party solution to simplify and secure the buying and selling of used vehicles. The platform addressed the risks associated with traditional payment methods like bank checks by offering an irrevocable digital payment system, identity verification, and instant fund availability for the seller. In 2019, PayCar was acquired by the LeBonCoin group, and subsequently, in July 2021, it was acquired by BNP Paribas Personal Finance. Following the acquisition, the PayCar service and technology have been integrated and rebranded into a new solution called "Depopass".

Industry

Financial Electronic PaymentPRIMARY
Financial Payment
Technology Software Trading Platform

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PayCar

France

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.