Where to Configure
Navigate to:
MyHiBid > Account Dropdown > Company Settings
Key Settings & Descriptions
Require Approval for New Bidders
Description: Places all first-time bidders with your company in “pending” status until manually approved.
Why Use It: Allows auctioneers to screen new bidders before bids are accepted.
Default: No
Require Approval for Prepaid Cards
Description: Prevents registration using prepaid cards (which lack address data for AVS checks).
Why Use It: Improves identity verification and reduces fraud.
Default: No
Minimum Reputation Score to Auto-Approve
Description: Sets a threshold (e.g., 5) for bidder reputation scores. Anyone below the threshold must be manually approved.
Why Use It: Ensures that only experienced, trusted bidders can auto-register.
Default: 0
Tips
Combine with CVV and ZIP verification to improve bidder screening.
Use in tandem with approval/decline email templates to streamline communication.