AuctionPay

About AuctionPay

AuctionPay is a dedicated payment processing platform developed by Bidpath Inc., a seasoned provider of global online auction software. Launched to address persistent challenges within the auction market, the platform targets the high transaction fees and lack of flexibility that auctioneers often face from traditional merchant service providers. The business operates on a transaction-based revenue model, aiming to provide more cost-effective payment processing to boost client profitability and bidder participation.

The platform is a proprietary product, developed entirely in-house by Bidpath, distinguishing it from simple rebranded solutions. It is designed for both online and in-person auctions, accepting all major credit cards with plans to integrate ACH payments. Key features include streamlined transaction management through an intuitive interface, real-time fraud detection, and robust backend dashboards for comprehensive oversight of transactions, chargebacks, and deposits. Security is a central pillar, with the platform being fully PCI DSS certified and employing advanced encryption to protect sensitive payment data. The system is built to be scalable and integrates seamlessly with a client's existing auction software, supported by a dedicated 24/7 team.

AuctionPay is a product of Bidpath, which was founded in 1999 by Adam Alexander, who now serves as Executive Chairman. Alexander has a deep-rooted history in the auction industry, having previously served as Senior Vice President at Great American Group, where he managed operations for industrial liquidations and auctions across the United States. His extensive experience directly informed the development of Bidpath's white-label SaaS solutions, which empower over 850 auctioneers in more than 27 countries with customizable auction management tools. Alexander holds an MBA in Global Business from a joint program with LSE, NYU Stern, and HEC Paris. In September 2024, David Brindley, who had been with the company since 2016 and served as President, was appointed CEO to lead the next phase of growth, continuing the founder's vision.