If not agreed directly between the seller and the buyer, the Trusted Checkout payment can be used.
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Auctomobile’s partner Mangopay provides a posibility to pay to an Escrow account (buyer’s wallet) at a french bank Credit Mutuel. The seller receives a notice that the payment has been done. After the buyer receives the car, he confirms this and the payment is sent to the seller.
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KYC = Know Your Customer. A bank process to identify you for the porpose of opening for you the Escrow account. This is done by the German payment provider Mangopay, who online opens the Esrow account for you at the French bank Credit Mutuel. It is not necessary for bidding or paying a listing fee, only after you win or sell a car and want to use the Escrow account, you need to go through this process.
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https://www.mangopay.com/user-protection/
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