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Secure Auctions from TRAC... the safest, soundest way to conduct an auction sale.
For certain auctions, such as those involving real estate or other high-dollar items, it can be important to ensure that all participating bidders are qualified to bid. While sellers here have always been able to restrict bidding to ID verified members only, our Secure Auctions raises the bar further.
A seller may require funds to be placed in escrow by a prospective bidder before being approved to bid. An example of such an auction would be those of our real estate auctions which require a Registration Deposit. Alternatively, a seller may require certain forms to be executed and returned prior to participating. Or, both a deposit and forms may be required. You get the idea. By limiting the competition for ownership between only those prospective owners who exhibit a real desire to compete for ownership, we can virtually eliminate non-performing bidders and shills.
We can provide support to valued member sellers who wish to use this feature. This and other special features are can be activated for those who wish to use them. Please feel free to contact us for more information.
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