As the premier online auction destination, our goal is to establish trust and confidence from our auction participants, and importantly our auction house partners. Global Auction Network has developed a custom credit-screening system designed for the specific needs of auction houses, all geared to minimize the possibility of defaults, while enabling the high-end online transactions that you desire. Developed and supported by a leading authority in credit screening and collections exclusively for Global Auction Network, this credit screening process will:
- Pre-qualify and pre-register all first-time participants;
- Interface with major credit bureaus to capture credit history and FICO scores;
- Establish an "open to bid" amount for auction participation;
- Eventually establish an optional 3rd party line of credit for bidders;
- Provide database management and customer relationship management capabilities; and
- Empower auction houses with final credit approval
In providing this layer of security, Global Auction Network has removed a significant barrier to opening your auctions to a worldwide audience. No other internet auction platform is as committed to delivering secure, qualified transactions for our auction house partners.