AuctionPay is a new electronic payment system designed specifically to help charitable organizations process payments during "real life" auction events.
The AuctionPay system is similar in size and functionality to credit-card processing terminals commonly found at retail check-out counters. The proprietary software helps volunteers get guests quickly through the door and keeps them engaged during the event by eliminating lengthy check-in and end-of-evening cashier lines. The system stores bid information in a centralized database and prevents inaccuracies. AuctionPay is working to integrate its technology with leading event management software.
"My own experience as an auction attendee - with check-in confusion and long cashier lines that put an end to most evenings long before the event was actually over - inspired me to develop AuctionPay," said founder Jeff Jetton, a 15-year veteran of the credit-card processing industry. Jetton is the previous founder, CEO and president of Card Capture Services, Inc., the nation's largest distributor of nonbank-affiliated ATM machines that was acquired in March 2000 by E*trade.
AuctionPay also supports and tracks payment choices of cash, check and credit card, and provides full reporting, including revenue generated. AuctionPay processes transactions through Wells Fargo Merchant Services. Compared to traditional methods, which may take several days of data entry to complete, AuctionPay payments can be processed within two to three business days in one complete batch.
AuctionPay was established in 2001. Clients range from large nonprofits to local schools and include PONCHO, Ronald McDonald House, Good Samaritan Foundation, National Kidney Foundation, Big Brothers Big Sisters, Pacific Northwest Academy, Lake Oswego Rotary, Woodinville Rotary, and Sunset Elementary.
