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Collect Payments

Reduce the payment scramble at the end of the auction with our NEW Express Banking connection available with the Ultimate Risk-Free auction plan.

Or, choose the best of both online and offline collections with the Build Your Auction plan.

This covers the multiple different payment options and how to set them up seamlessly in the app.

Set up Payment Connections

Set up Express Banking

Setting Up Express Banking To run Ultimate Risk-Free auctions, you must set up express banking for payouts to be sent to your bank account. Open Bid Beacon and navigate

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Alternate Payment Options

Enabling online payment in a Build Your Auction plan, with this add-on gives guests the option to pay for their items through the app by clicking a Pay button, sending payment straight into your payment dashboard.

You can take online payments through Stripe, Square, or PayPal. At the end of your auction, guests can enter their credit card information to pay for their winnings. If you would like to automatically charge your guests as soon as the auction closes, you will want to choose Stripe, or go with our Ultimate Risk-Free plan. With Stripe, you can toggle on the setting to require that guests enter their credit card prior to bidding. Guests with winning bids are then charged as soon as the auction closes.

NOTE: Bid Beacon does not store any credit card information. All payment information is handled through PCI-compliant payment providers (Stripe, Square PayPal).

“Offline” payment means you will be collecting 100% outside the app.  Using Alternate Online Collections you have the choice to collect either within the app or outside the app with cash, cheque, or venmo/e-transfer options.

Completely Secure

Our payment integrations use the best practices of the various payment providers. No credit card information is passed through, or stored on our servers. Electronic payments through Bid Beacon are supported by the following PCI compliant providers: Stripe, Square, and PayPal.

Percentage or Flat Fee

Express Banking Connection does take a percentage of funds earned – rate details can be found on our Pricing Page.

Our Alternate Payment Option add-on is a flat fee, with no percentage taken by Bid Beacon. Stripe, Square, PayPal, do charge their typical payment processing fees.