Equipment Appraisal Services announced that its EquipmentAuction.com subsidiary has partnered with Proxibid to provide an online machinery and equipment marketplace that provides buyers and sellers with a comprehensive risk management system boasting bank-level security, fraud prevention and a dispute resolution team. This PCI-compliant platform is designed to ensure users are safe when transacting online.
"We received numerous requests from the lender community to expand our services beyond equipment appraisals. The evidence is clear that both buyers and sellers have become increasingly comfortable in making large dollar asset acquisitions through online auctions," said Equipment Appraisal Services' Managing Director Kipp Krukowski.
The EquipmentAuction.com marketplace offers multiple formats to sell machinery and equipment—Fixed-Price/Make-an-Offer Listings and Timed Auctions—based on the seller's goals.
"The EquipmentAuction.com domain name carries a brand identity that is powerful. It was important for us to select a partner that would allow us to immediately capitalize on our opportunities while having the experts in online auction security and payment processing handle the back-end infrastructure," Krukowski said.