Not using APN? Explain your payment system thoroughly


Proxiblog has supported the Auction Payment Network for years now because of its excellent security, especially important in the numismatic trade. If you don’t subscribe to the service, or use PayPal, then you have to explain your payment system and let bidders know that it is secure.

Several auctions on Proxibid ask that you call in your credit card numbers. We recommend that you do not. You don’t know who is taking those numbers or how they will be stored, perhaps in a company computer that may be hacked in the future, undermining your credit.

We think such practices are irresponsible. We never bid in those auctions. However, we would consider bidding in Numisphere Auction because it has spelled out its credit system, providing a link to a secure payment network.

We also like the 3% discount on its already low 10% buyer’s premium for bidders who prefer to send checks to the company.

If you don’t use APN or PayPal and lack a secure payment system, you are doing your bidders a disservice. No matter what your payment protocol, you need to explain it thoroughly in your service terms.

Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.


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