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Auction houses have the option of setting up a credit card limit on events using atgPay. This limits the amount of money bidders can pay using a credit card. |
The Credit Card Limit only applies to the total hammer price, lot fees, and buyer's premiums on the bidder's invoice, and does not include shipping, taxes, or processing fees.
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Example Credit card limit for the event is $500.00, bidder wins an item for $450 (with a 10% buyer's premium), the total after taxes is $575. Because the hammer plus buyer's premium is below the credit limit of $500, the winning buyer will be able to pay their invoice via credit card. |
Invoices over the Credit Card Limit will not be eligible for automatic payments, as automatic payments currently only work with credit card payments, not bank transfer (ACH) payments.
When a bidder goes to the checkout page to pay their invoice via atgPay:
- If the invoice is less than the auction's Credit Card Limit, the bidder will be able to select either Credit Card or Bank Transfer (ACH) as their payment method.
- If the invoice amount is greater than the auction's Credit Card Limit, the bidder will only be able to select Bank Transfer (ACH) as their payment method.
Additionally, the bidder will see a message explaining why credit card payments cannot be accepted:
“To ensure secure payment, {{auction_house_name}} requires Bank Account (ACH) payment on all invoices over {{auctioneer_set_CC_Limit_amount}}. Please select a bank account or add one if you do not have one on file.”
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