EcommerceBytes-NewsFlash, Number 2325 - July 07, 2010     3 of 5

Proxibid Designs Payment Service for Auction Companies

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Auction Payment Network (APN), a Proxibid company, announced the industry's first payment-processing solution developed specifically for auction companies. The PCI-compliant solution ensures secure, one-click processing for on-site and online purchases at low rates and was designed to meet the needs of auction companies of all sizes.

"APN was designed with the auctioneer in mind," said Joe Petsick, Executive Vice President of Operations for Auction Payment Network. "Understanding how auction companies process transactions was paramount for our development team, and we've been able to pinpoint the areas we believe auction companies find most useful when reconciling and invoicing their events, such as ensuring a secure transfer of funds directly from the bidder's account to that of the auction company."

Proxibid is an Internet bidding platform for auction houses and is based in Omaha, Nebraska.

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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to

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