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Daniel P. West : March 03, 2025
Managing payments efficiently is crucial for any auction company. With Invoice Autopay from AuctionMethod, you can automate invoice payments, reduce administrative workload, and provide a smooth and easy experience for bidders. Whether you want full automation or bidder opt-in flexibility, Invoice Autopay makes the process simple and efficient.
AuctionMethod’s Invoice Autopay offers various settings that allow auction companies to customize how and when invoices are processed. Here’s a breakdown of the key options and how they can benefit your auction operations.
Auction companies can choose between two autopay modes, depending on how much control they want over automatic payments:
To ensure payments are processed at the right time, Invoice Autopay includes flexible timing settings:
The time of day when autopay runs can also be customized:
To maintain control over high-value transactions, auction companies can set a payment amount threshold. If an invoice exceeds this limit, it will not be processed through autopay, ensuring larger payments receive manual review before processing.
For better record-keeping and tracking:
Keeping both auction administrators and bidders informed is crucial. Invoice Autopay includes:
Implementing Invoice Autopay in your auction operations has multiple benefits:
✅ Reduces Manual Work – No need for staff to chase payments manually.
✅ Improves Cash Flow – Faster payments mean quicker revenue collection.
✅ Enhances Bidder Experience – Buyers appreciate a seamless, automated payment process.
✅ Prevents Payment Delays – Autopay ensures transactions are completed on time.
Automating invoice payments is a smart move for any auction company looking to streamline operations and improve efficiency. With AuctionMethod’s Invoice Autopay, you can customize settings to fit your business needs while ensuring timely and hassle-free transactions.
Ready to optimize your payment process? Contact us today to learn more about how AuctionMethod’s Invoice Autopay can benefit your auctions!
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