How to grow your payments app with auctioneers
By SendPay Business · · 2 min read
Local auction houses sell antiques, furniture, jewellery, cars, machinery and house clearance items, in the saleroom and online. Winning buyers must pay before they collect, and many still pay by bank transfer and wait for it to clear. A payments app that sends each buyer a link for their lots straight after the sale can win these auctioneers, and every buyer who pays sees your app.
Talk to auctioneers
Ask local auction houses:
- How do buyers pay for their lots today?
- How long do you wait for payments to clear?
- How do you pay sellers after the sale?
- What would make taking payment easier?
Send a link after the sale
A payment link for each buyer's invoice lets them pay straight away, so lots can be collected sooner.
Take payment at collection
A QR code at the collection desk lets buyers who haven't paid settle up on the spot.
Grow through buyers and sellers
Auctions bring in dealers, collectors and people clearing homes. Every buyer who pays through your app sees it.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
What about second-hand sellers?
The second-hand clothes sellers guide covers quick sales at markets and online.
Second-hand sellers →What about furniture?
The furniture makers guide covers deposits and payment on delivery.
Furniture makers →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.