86% of merchants who apply are approved. No setup fees, no hidden costs.
Get Started FreeHigh-Risk Industries · Auction Houses
As a high-risk auction payment provider, PayKings specializes in merchant accounts tailored to the specific needs of auction houses and online auctions, ensuring you can process payments securely and efficiently. With extensive experience in high-value transactions and high-risk merchants, we understand your unique requirements.
Be approval-ready
What underwriters ask for
Your terms, before you sign
2–5 days
Most auction businesses can start accepting payments within 2 to 5 business days of completing underwriting.
86%
We approve 86% of the high-risk merchants who apply.
Custom
Transparent pricing based on your risk level, transaction volume, bidding format, and software integrations — before you sign.
Apply
Getting set up
Be ready to describe your bidding format, average lot value, and the software you run events on.
Our team reviews your file and tells you if anything is missing and why it matters.
We work with 20+ banking partners and approve 86% of the high-risk merchants who apply.
Most auction businesses start accepting payments within 2 to 5 business days of completing underwriting. Ask us how your gateway connects to the auction software you already use.
Pricing
Auction payment processing with PayKings is priced individually: your rate is set by your risk level, transaction volume, bidding format, and software integrations, and it is disclosed in full before you sign.
The fee components to expect on any auction merchant account are:
High-ticket, card-not-present lots carry more fraud and chargeback exposure than in-person sales, and underwriters price for that.
What you should never accept is finding a fee in month three that no one named in month one. Ask any provider you compare — PayKings included — to put every component in writing first.
Why PayKings
Auction houses and online auctions operate in a unique environment that requires specialized payment processing solutions. As a high-risk industry handling valuable items and high-value transactions, many traditional payment processors shy away from auction businesses.
You need an auction payment provider who understands your business model and can deliver reliable solutions for your specific needs.
At PayKings, we specialize in providing merchant accounts tailored to the specific needs of auction houses, ensuring secure and efficient payment processing.
Online, timed, and virtual auctions run almost entirely on card-not-present payments, which carry more fraud and chargeback exposure than in-person transactions — especially on high-ticket lots. That elevated card-not-present risk is a major reason online auctions are grouped with other high-risk processing industries and why many mainstream processors hesitate to approve them.
PayKings builds credit card processing for online auctions around those realities:
High-risk accounts
Securing the right payment processor and merchant account is crucial for auction houses to avoid account closures and fund holds.
PayKings provides the stable, high-risk processing account your business needs for uninterrupted operations and growth.
Auction houses are typically categorized as high-risk merchants due to the nature of their business model and transaction values. These specialized payment processing accounts are designed to handle the unique challenges of the auction industry, providing necessary solutions for secure and reliable payment processing.
Risk
Auction payment processing is considered high risk due to several factors, making it challenging to secure traditional payment processing services:
Being labeled as a high-risk merchant necessitates partnering with a payment processor experienced in high-risk accounts. PayKings understands these challenges and provides specialized solutions for auction houses.
Auction house payment processors need to understand the unique requirements of your business model. They must be equipped to handle high-value transactions, implement robust security measures, and maintain compliance with industry regulations.
Choose PayKings, a leader in high-risk merchant account solutions for auction houses.
Gateway & integrations
A reliable payment gateway is essential for auction houses. It serves as the crucial link between your business, your bidders, and financial institutions, enabling secure and efficient high-value transactions.
Choose PayKings for comprehensive merchant services that include secure payment gateways and robust fraud prevention tools. Our solutions are designed to protect both your business and your bidders in this high-value industry.
If your events already run on auction management tools, there is no need to change how you work to accept payments.
PayKings can be integrated with popular auction software, bidding platforms, CRM systems, and mobile app interfaces — one smooth checkout experience across online auction sessions and in-person events.
Choosing a provider
Not every processor that will approve an auction business is built to keep one running. When you compare auction payment providers, check for each of the following before you sign:
PayKings specializes in high-risk auction payment processing, working with 20+ banking partners — more banking relationships mean more ways to place a high-risk auction merchant account, and most auction businesses can start accepting payments within 2 to 5 business days of completing underwriting.
Multi-currency support varies by provider and may carry added processing fees, so ask any processor you compare how it handles bidders who pay in other currencies.
What's included
The difference
Built for the businesses other processors turn away.
FAQ
Everything you need to know about high-risk payment processing
See how PayKings supports adjacent verticals and the payment solutions that pair with them.
