Billing Module for Auto Auctions

Billing Module for Auto Auctions

Auctions widely use billing systems to calculate the cost of services and to store all financial information (tariffs, packages, specific customer’s costs). It’s convenient and reasonable to charge and get money immediately for services provided. Take advantage of instant automatic transactions with no delay, cash mess or pending.

Recently Autoxloo has introduced a billing module to its auction clients as well. It is offered specifically for online marketplaces to charge fees from the registered users for selling / buying vehicles on their resources. The option is very comfortable for both auction sellers and buyers as they have to make only one simple step: to register. The Payment Details are essential. By registration users provide their payment card data. To ensure customer information is safe and secure the website should be protected with the https protocol and 256-bit encryption. Free or paid registration depends on the billing settings used on the platform.

Autoxloo’s Billing module allows auctions to draw the Sell Fee cost from the seller’s virtual user balance for each vehicle sold. The Buy Fee is taken from the buyer’s virtual user balance for each vehicle purchased. Each user group can adjust the virtual balance that is refilled in Escrow Increment Amount.

Our billing module gives auctions a possibility to create default and custom groups for their users. The Sell / Buy fees can be set manually for different customer groups.

  1. Default groups. There are 3 default groups in our module:
    • Free registered users. After a user signs up he becomes a free registered user.
    • Global group. A user becomes a part of Global group when he creates or wins his first auction. A Global group member is charged to pay fees.
    • Block users. If a user violates the auction rules, a website manager moves him to Block users with no ability to create auctions or place bids.
  2. Custom groups. Auctions can create any number of required groups. Each group can have its own settings, so you are enabled to give names, add users, set the Escrow Increment Amount values and the Sell / Buy fees the way you like.

Autoxloo keeps its finger on the pulse of auction processes. Our new billing module allows auctions and marketplaces to make additional profit for using their resources. We develop, change, enhance and customize our auction software to clients’ needs all the time. To be informed in all new products and solutions developed by Autoxloo subscribe to our blog posts.

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