If you're considering scrapping your car in the UK, you may be hoping to find a scrap service that offers cash payment. It's understandable why cash would be appealing – it's a quick and hassle-free way to receive payment without any waiting periods. However, it's important to note that receiving cash for your scrap car is now illegal, and you should avoid any scrap merchants who offer this option.

The Scrap Metal Dealers Act 2013

The reason behind this restriction lies in the Scrap Metal Dealers Act 2013, which prohibits the payment of scrap vehicles in cash. Instead, all transactions must be conducted through electronic transfer or other traceable forms of payment. This legislation was enacted to combat fraud and prevent scrap metal theft. If cash payments were allowed, it would create an opportunity for thieves to steal cars and sell them to scrap metal dealers without leaving a paper trail. The absence of accountability and the inability to trace the payment would make it easier for stolen vehicles to be disposed of without detection.

Peace of mind

Thanks to the Scrap Metal Dealers Act, customers now have peace of mind knowing that they can expect the highest level of service and safety from responsible scrap vehicle specialists. The act also provides better protection for scrap dealers, strengthening the industry as a whole and subsequently increasing the prices you can receive for your scrap car.

Motorwise - A reputable scrap vehicle specialist

What does this mean for you? If you're looking to scrap your car and want to ensure that you're working with a reputable scrap vehicle specialist, you'll need to accept payment through electronic transfer. To compensate for the lack of cash payment, Motorwise is dedicated to making the entire process as efficient as possible. Once your car has been collected and its condition has been verified, your payment will be promptly triggered.

Every transaction recorded

Although the absence of cash payments may require a higher level of accountability, it's worth noting the significant reduction in fraud and theft that this measure brings. The days of undocumented cash-in-hand deals are gone, replaced by a system that promotes transparency and traceability. Every transaction is recorded and can be easily tracked, ensuring a more secure process. While the convenience of cash is undeniable, the enhanced safety and protection provided by electronic transfers outweigh the slight delay in receiving funds.

A safer industry for everyone

It's crucial to never engage with a scrap merchant who offers cash payment for your scrap vehicle. Reputable and licensed scrap merchants, such as those affiliated with Motorwise, will always prioritise payment through electronic transfer, adhering to the regulations and promoting a safer industry for everyone involved.