To enable credit card processing through Handbid, go to the auction settings wheel and select the Financial tab.
Enable Credit Card Support - If this box is checked, users will be able to add credit card (CC) information to their account and will have the option to MAKE A PAYMENT directly from an invoice (within the app). You will also be able to charge a stored credit card within the Auction Manger.
Here are some things to consider about our CC system (also see Pros and Cons of requiring a Credit Card to bid).
- You must enable this if you want to require a CC to bid.
- Credit cards are NOT automatically charged when the auction closes. We do this as a means to reduce confusion and disputes. At auction close, a guest can either pay directly from their phone, or you (the auction manager) can process their payment from the back end.
- We offer this service as a convenience. However, we charge a 3.5% transaction fee on all funds processed using the Handbid CC system.
Require Credit Card - If this box is checked, bidders will be prompted to enter a CC before they are allowed to place a bid. (NOTE: Enable Credit Card must be check to use this option)
Spending Threshold - If this field is blank then bidders will have to enter a credit card before they are allowed to place ANY bid. If you enter a value, bidders will be able to bid without a credit card on file until their total winning bids are greater than the spending threshold. For example, if you set the spending threshold at 100 bidders can bid on items without adding a credit card until total winning bids are greater than $100. (NOTE: Enable Credit Card Support and Require Credit Card must both be checked to use this option).
Auction Premium - If you choose to enter a percentage here, this will be added to the total invoice amount for ALL bidders. This premium is added to the total amount (including taxes).
Currency - select currency for your auction. Default setting is US Dollar (USD)
Select the UPDATE button at the bottom of the page to save your changes.