PayLink does not issue vehicle warranties; it is a financial services company that provides financing and processes payments for businesses that offer customers vehicle service contracts and protection plans, states PayLink. The company doesn't sell vehicle service contracts and is not a party to them, notes the Better Business Bureau.
As of June 2015, when a customer buys a vehicle service contract, the dealer receives full payment for the contract from PayLink, which frees the dealer's operating capital for continuing business. Service contract purchasers make payment for the contract through PayLink, explains the company. PayLink offers diverse payment options to the dealers, which allows purchasers to choose from a variety of payment terms.