Auction Payment Network Announces Secure, Automated Payment Solutions for Auction Companies

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Auction Payment Network (APN), the industry’s first payment processing solution developed specifically for auction companies, today announced secure, automated credit card processing for online and on-site transactions for participating auction companies.

“In the past, it has taken up to three people on my staff approximately 2 ½ hours to process credit cards following an auction. With APN, cards were processed by one individual, and took less than ten minutes!” said Darron Meares, auctioneer with Meares

Auction Payment Network (APN), the industry’s first payment processing solution developed specifically for auction companies, today announced secure, automated credit card processing for online and on-site transactions for participating auction companies.

APN provides auction companies with the most secure, automated and cost efficient way to process credit card payments. PCI compliance is a real and daunting task for many businesses. By providing the APN application as a thin client and replacing the credit card number with a token inside of the system, APN has removed much of the burden of PCI compliance for our customers.

APN will help save up to 85% of the auction company’s time in closing out transactions following an online sale. With automated processing, auction companies can simply review all invoices and click one button to process credit cards from winning online bidders.

“In the past, it has taken up to three people on my staff approximately 2 ½ hours to process credit cards following an auction. With APN, cards were processed by one individual, and took less than ten minutes!” said Darron Meares, auctioneer with Meares Auction Group. “APN truly saves auction companies time and resources. This is a great leap forward for auction companies looking to process credit cards for online and on-site bidders.”

In addition to being a time-saving and PCI compliant solution, APN is also the most cost effective payment card processing option for the auction industry. APN has partnered with TransFirst to bring the industry’s lowest payment card processing rates to participating auction company clients.

“We have leveraged Proxibid’s marketplace of more than 2,500 auction companies to negotiate rates unavailable to single auction companies,” said APN President, Josh Hoberman. “Our goal is to provide auction companies with the simplest, most secure and most cost effective solution in the market and I believe we have accomplished that goal, with more exciting features to come.”

About Auction Payment Network
Founded in 2010, Auction Payment Network (APN) is the first online payment processing solution designed specifically for auction companies. Created with auctioneers in mind, APN’s sophisticated and user-friendly solution is designed to make payment processing easier and more efficient than ever before.

Never again will an auctioneer have to spend countless hours following an event inputting credit card numbers because our PCI-compliant solution offers secure, Automated processing for on-site and online purchases. Additionally, APN is compatible with most merchant processors, making it easier than ever for auctioneers from across the globe to take advantage of this powerful payment processing solution.

Auction Payment Network is a wholly owned subsidiary of Proxibid, Inc., the world’s largest provider of live auction webcasting services. Visit Auction Payment Network online at http://www.auctionpaymentnetwork.com.

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Dana Kaufman
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