Credit Card Payments for Auctioneers
Taking credit card authorisations help protect your vendor from bidder’s who renege on the auction contract. Bidsonline’s auction system can be setup to request a credit card authorisation when a bidder first bids on an auction or logs into a simulcast auction.
At the end of the auction the system automatically claims the deposit from the winning bidder’s credit card.
Bidsonline Card Payments is level 1 PCI Complaint. This means that your bidder’s card data is not stored on our servers and cannot be intercepted. Using EasyBids you can include a credit card payment link with your invoices. As this automatically updates the bidder’s invoice it streamlines your receipting process.
You need an internet merchant facility with your bank. If you run a trust account ensure that the full proceeds are deposited to your trust account and merchant and other bank fees are charged to your general account. You will find this makes trust reconciliation a lot easier. To get an internet merchant facility the bank will review your web site and in particular your terms & conditions, be sure to include a refund policy.