This article provides basic information regarding the Auction Payment Network (APN).
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Auction Payment Network (APN) is the industry's first online payment solution built with the auctioneer in mind. After invoicing your Proxibid event, APN will populate winning bidders into the downloadable application on a user's PC, allowing for easy review and payment processing with a few clicks of a mouse. Additional charges added to a Proxibid invoice, such as shipping, fees, or tax, can be imported into the program. If the card has already been charged, a separate line item for the difference will populate within APN to make the transactions easier to process.
*Please note: the APN application is not compatible with MAC computers.
APN saves time and money by reducing the time to pursue buyers and waiting for them to complete their transactions. APN eliminates the tedious, duplicate, and manual entries of payment information and allows auction companies to be PCI compliant with their merchant processor. Additionally, APN has a built-in virtual terminal compatible with a USB card reader to make other onsite, online, phone, and mail-in payments processing faster and easier.
APN can help sellers collect registration fees and deposits. If a business demands it, APN can also charge buyers immediately upon the fall of the hammer during a live event. Let the APN team know any specific configuration requests upon setup.
APN serves as a gateway between Proxibid and a compatible merchant processor. APN has negotiated exclusive pricing for Proxibid customers with Heartland Payment Systems (formally TSYS). Heartland uses an interchange plus pricing model for charging credit card fees.
For APN customers not wanting to take advantage of this special pricing, users are still able to use another compatible merchant processor. Please contact the APN team to determine if any existing merchant processors are compatible.
There are additional fees and primary costs associated with APN, regardless of merchant processor set up. To learn more about fees, please contact a Proxibid Account Manager.
For questions regarding APN, please do not hesitate to contact APN at (877) 839-7494 or email@example.com.