What Is MarketGuard™?
Launched in September of 2011, MarketGuard™ is Proxibid's proprietary risk-assessment software that works behind the scenes to reduce the threat of fraud and non-paying buyers in our system. MarketGuard™ utilizes information provided by the buyer along with information obtained from third-party partners to assist in determining a Buyer's “eligibility” to participate in an event.
MarketGuard™ has allowed Proxibid to remove registration barriers to events, making it easier than ever to bid online. Once a buyer has created an account on Proxibid, they can participate in any event in the marketplace, though a small number of specialized auctions may have additional requirements. MarketGuard™ offers enhanced fraud prevention and industry-leading information security systems to ensure the safest and most secure online buying experience in the industry.
How Does MarketGuard™ Reduce Risk?
- MarketGuard™ is Proxibid's trademarked risk management system designed to reduce risk to seller partners while simplifying bidder account creation and verification.
- MarketGuard™ allows Proxibid to remove registration as a barrier to bidders participating in an auction while giving auction companies unprecedented protection.
- MarketGuard™ gives auction companies more control by verifying automatically that a bidder is qualified to bid in an auction.
- MarketGuard™ tiers are stringent on approval criteria. MarketGuard™ checks hundreds of bidder variables to determine the risk level of each and every participant in an auction. This ensures that every bidder is qualified to enter an auction.
How It Works
MarketGuard™ verifies and uses bidder information in our proprietary algorithms to identify a potential risk of fraud. Proxibid is the only online provider to offer this level of prevention help ensure only qualified bidders can participate.
Our technology uses powerful logic to compare information from thousands of data sources, making the Proxibid Marketplace the safest and most trusted online destination.