Our Hyperwallet service is for both buyers and sellers who may have additional problems in accepting or sending payments. These problems often include high bank fees for individual International payments, and/or the inabilty to fully utilise online e-money systems such as paypal.

Please also note that our Hyperwallet service is not an e-money service, we do not hold stored values or transfer e-money between user accounts. Monies added to a users Hyperwallet account are only held 'in suspense' until utilised for either new or existing Payment instructions or a withdraw request from an accumulated total of unique Payments made to a single user and added to their Hyperwallet.

Hyperwallet users can now have their buyers send a payment direct to auctionchex, requesting them to select 'add to Hyperwallet' as an option when creating a new transaction in our Payments section. Those payments, once confirmed will be added to the sellers hyperwallet in the currency received (GBP, USD, EUR or ZAR). A 'handling fee' of 2.75% will be deducted at the time of input, with NO fees for the buyer.

Hyperwallet users will clearly see their respective cleared balance in each of the four acceptable currencies, as well as any pending values, users can also transfer all or part of a cleared balance of one currency to another currency.

A request to withdraw from a cleared balance is again done on line, users can request all or part of their cleared balance to be sent , by either cheque in their own currency (USD or GBP only), request a repayment via Paypal (if applicable), or request a EUR (Euro) IBAN/BIC or ZAR (Rand) bank transfer, thus making a considerable saving on bank fees for International payments.