Carvana uses Plaid to drive profitability

Online used-automotive dealer Carvana has improved its digital payment process by partnering with Plaid. Prior to 2017, Carvana relied on traditional ACH for clearing down payments, which caused inconveniences for customers and inefficiencies for the company. After researching the fintech market, Carvana selected Plaid for its ease of integration, superior usability, and projected cost savings. This partnership has enabled Carvana to achieve lucrative operational efficiencies, paving the way for a bright future in the used car industry.