Verified by MFC on Gumtree
With a spike in online shopping scams, Gumtree has partnered with MFC, Nedbank’s vehicle finance division, to offer consumers additional protection when buying or selling vehicles on its platform. This offering is aimed at individuals interested in buying or selling privately owned vehicles instead of using more traditional channels like motor dealerships.
Through a digital process, users can have their vehicles verified by MFC and attach a “Verified by MFC” badge on the advert.
“With people now relying more on online shopping, opportunists have emerged seeking to prey on unsuspecting individuals through a variety of scams locally and abroad,” says Douw Leadley, head of Sales at MFC.
For instance, in a buyer scam a false proof of payment is generated and sent to a seller, usually for high-value goods such as laptops, gaming consoles and even vehicles. In seller scams, substandard or counterfeit goods are delivered for the full price, and this is detected only after conclusion of the deal.
To get the Verified by MFC badge, sellers must input specified information on Gumtree, which then sends the information to MFC to conduct the following checks:
- Police checks – to indicate if a vehicle has not been stolen or wanted.
- Accident checks – to assist in verifying if the car has been in an accident.
- Finance checks – to show that the car is under finance and the finance is in good standing.
Once the vehicle has passed all these checks, the badge is added to the advert, giving potential buyers assurance that both the vehicle and seller are legitimate.
Platform: Any device with an up-to-date browser.
Stockists: Visit Gumtree here to list a car for sale. Once listed input the specific information to get the ‘Verified by MFC’ badge.
Expect to pay: Listings are for free, however, sellers will have to pay Gumtree a success fee once a sale has gone through. Sellers will also have to pay a fee to MFC to run the background checks.
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