Aucto will collect the funds from the buyer through the Aucto Payment Distributor. After the auction ends the seller will issue an invoice to the buyer for the equipment purchased. The buyer then submits the payment to Aucto and then funds are held in an escrow account. Aucto Payment Distributor (APD) is compliant to USA and Australia regulations to handle escrow payment. Once the seller has marked an invoice as shipped, the funds are released from the escrow account.
Aucto Payment Distributor is a simple and secure way to receive payments for your sold equipment. It is a hassle-free process that facilitates timely payments for your invoices. Aucto will check and verify all transactions and mitigate the risk of fraud. Automated identity and security checks are run for both the seller and buyer to maintain the safety of Aucto’s marketplace. There are no fees to use this payment method and there is no sign up required. Once you register as a seller on Aucto you will have full access to use this free and easy payment service. To make sure your information stays safe all communication is encoded with 128-bit SSL encryption and follows industry standard RSA Security protocols.