Aucto Help Center
How Do I Get Paid?
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. The money will either be released directly to the seller or released Aucto. If the money is released to Aucto every Friday, the payments are processed and released through a wire transfer to the seller.
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.
On January 31st, 2020, Aucto Introduced Online Tenders as a new way to Buy Industrial Equipment. Find out more About Buying in Tenders on Aucto.com
On January 31st, 2020, Aucto Introduced Online Tenders as a new way to Sell Industrial Equipment. Find out more About Tenders on Aucto.com
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