Auction Company Merchant Accounts & Payment Gateways

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Libby James
Merchant Services Expert

Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media.

Auction Payment Solutions for Smooth Transactions

Welcome to Merchant Advice Service, your trusted resource for expert guidance on auction payment solutions. In a rapidly evolving online auction industry, ensuring consumer convenience, lower household budgets, and the overall success of your business can be a challenging task. Here, we aim to shed light on the intricacies of securing a reliable auction payment processing solution in this high-risk landscape.


The Evolution of Auctions: From Centuries-Old Traditions to the Digital Frontier

Auctions, a concept as old as time, have adapted to the digital age, with online platforms becoming the primary battleground for bidding wars. While giants like eBay have seamlessly integrated payment solutions like PayPal, many auction operators still seek secure and cost-effective alternatives to facilitate transactions. But the road to finding the perfect payment solution can be fraught with obstacles.

Auction Company Merchant Services

Navigating the complex landscape of payment processing is essential for a thriving auction business. Instead of blindly applying to various merchant services, we recommend a structured and informed approach. With Merchant Advice Service, our experts can guide you toward the merchant acquiring banks that align with your auction business. Say goodbye to the frustration of endless applications; we know where your approval chances are highest.

Secure Payment Gateways

To process transactions online successfully, you require both a merchant account and a secure payment gateway. Choosing the right payment gateway can provide a substantial boost to your business, reducing the inherent risks of auction sites. With auctions attracting their fair share of scammers and con artists, banks and gateway providers often label applications from auction companies as high-risk. By selecting the appropriate payment gateway, you protect your business from fraudulent transactions and potential chargebacks.

Tailored Payment Providers for Auction Companies

Finding a payment provider that understands your auction business can be a tedious task. At Merchant Advice Service, we eliminate the frustration by directing you to payment providers perfectly suited to your business model. Our experts have extensive experience in auction payment processing applications, helping you navigate the paperwork for a successful application on the first attempt.



Diversifying Payment Processors:

Many auction companies have encountered the disheartening experience of having their payment processor abruptly terminate their account. This unfortunate occurrence is a result of banks constantly balancing their portfolios, leading to the closure of higher-risk industry accounts. To mitigate this risk, we recommend working with multiple payment processing companies, and our specialists excel in multi-merchant account processing.

Maximising the Power of the Internet

In today’s digital age, auction companies rely on the internet for survival and growth. Identifying online payment processors willing to work with you is crucial, and our experts understand the intricacies of the industry, ensuring you receive the support you need.

Smart Credit Card Processing

Credit card processing can come with substantial fees, impacting your bottom line. It’s essential to accept both debit and credit card payments while remaining cost-effective. We suggest periodically shopping around and switching accounts as needed to ensure you’re making informed decisions for your business. Merchant Advice Service can introduce you to the best solutions, keeping you up to date with the latest criteria changes from banks and gateways.


Navigating the High-Risk Terrain

Penny auctions operate differently from traditional auctions, making them high-risk in the eyes of merchant account providers. Securing a penny auction merchant account can be challenging due to the prevalence of scams within the industry. Automated software often drives up prices before the timer runs out, causing apprehension among banks when it comes to penny auction card processing applications.

Instant Approval for Your Merchant Account

Obtaining approval and getting your auction business up and running within 24 to 48 hours is possible. Follow these top tips to expedite the process:


Create an acquiring bank-friendly business model.


Implement chargeback and fraud management.


Consult industry experts.


Maintain PCI DSS compliance.


Choose a reputable payment gateway provider.


Finding the Right Business Bank Account

In your search for an online auction business bank account, collaborating with experienced advisors in the high-risk sector is imperative. These specialists can guide you to banks that are more likely to accept your application, increasing your chances of success.

Merchant Advice Service – how we help

At Merchant Advice Service, we’re dedicated to simplifying the complex world of auction payment solutions. With our expertise and industry knowledge, we can connect you with the ideal payment processing solution tailored to your business needs. Your success is our priority, and we’re here to ensure that your auction business runs smoothly and securely

Merchant Advice Service (MAS) is your dedicated partner in navigating the complex world of auction payment solutions. We offer expert guidance and support to ensure the smooth and secure operation of your auction business. Here’s how MAS can help:


Tailored Merchant Services: We guide you to merchant acquiring banks that are the best fit for your auction business. This saves you time and increases your chances of approval, avoiding the frustration of endless applications.


Secure Payment Gateways: MAS helps you choose the right payment gateway, safeguarding your business against fraudulent transactions and chargebacks, common risks in the auction industry.


Expert Payment Providers: We connect you with payment providers that understand your specific business model, simplifying the application process and improving your chances of acceptance.


Diversifying Payment Processors: Our specialists are experts in multi-merchant account processing, reducing the risk of being unable to trade should one payment processor terminate your account.


Speedy Merchant Account Approval: We provide guidance on creating a bank-friendly business model, implementing chargeback and fraud management, and maintaining PCI DSS compliance for quick approval.


Banking Solutions: When searching for an online auction business bank account, our experienced advisors direct you to banks that are more likely to accept your application, increasing your chances of success.


MAS is committed to your success and ensuring that your auction business runs smoothly and securely. Contact us today for personalised assistance in securing the perfect auction payment solution for your business.


Your payments questions answered
Why are auction payment solutions considered high-risk?
Auctions can attract scammers, making them high-risk for payment processors.
How can I speed up the approval process for a merchant account?
Implement chargeback and fraud management, consult industry experts, and maintain PCI DSS compliance.
Why do penny auctions face challenges in obtaining merchant accounts?
Automated software can artificially drive up prices, leading to apprehension among banks.
Why is diversifying payment processors recommended for auction businesses?
It limits the risk of being unable to trade in case one payment processor terminates your account.
How long does it take to get approved for a merchant account?
You can get approved and up and running within 24 to 48 hours by following our top tips.
What are the advantages of online payment processors for auction companies?
Online payment processors are essential for the survival and growth of auction businesses in the digital age.
Are there any hidden costs associated with credit card processing for auction companies?
Credit card processing can come with substantial fees, impacting your bottom line.


Navigating the intricate terrain of auction payment solutions is crucial for any business looking to thrive in the high-risk, high-reward world of online auctions. Whether you’re a small business owner seeking to accept payments in real-time or a larger enterprise exploring diverse products and services for online payment processing, the Merchant Advice Service is your ally. With our expertise in high risk merchant accounts and industries, we ensure that your auction company is equipped with secure card readers and the capability to offer payment options that cater to the modern consumer’s expectations. As the auction industry continues to evolve, we remain committed to assisting businesses in embracing these changes with confidence and ease.


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Libby James

Libby James Co-founded Merchant Advice Service alongside David Bird in 2016. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services. Having come from the heavily regulated mortgage and insurance industry, Libby found it puzzling that other financial sectors lacked regulation and transparency leaving customers confused and unable to make informed decisions when it came to accepting card payments. This was soon to become Libby’s obsession!

With the help of some of the industry’s best, Libby began to research acquiring banks, complex terminology/regulation, and the problems customers experience within merchant services and payment gateway markets. She spent years on sourcing solutions for complex clients, which previously others were unable to assist with. Libby established relationships with brokers and banks which would soon form the cornerstone of Merchant Advice Service. As a result Libby has been featured in high-profile publications across the web.

Libby is proud to be the entrepreneur’s champion, supporting start-up businesses regularly. Her industry insights can often be found on LinkedIn where she provides free of charge advice and money saving pointers. It’s safe to say she has her finger on the pulse of everything card payments related.

Libby speaks of her experience in founding and running Merchant Advice Service…

‘Merchant Advice Service is one of my greatest achievements to date. We help business owners to overcome card processing issues which can become detrimental to their business. We assist SME’s in finding suitable card payments solutions, helping them create their vision. Each and every day is different, exciting and fore filling. As technology advances I can’t wait to see the way in which the merchant services market advances, and I’m pleased that our business will play a part in educating company owners along the way.’

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