Since its launch in June 2023, hundreds of galleries—ranging from emerging to internationally established ones—have started using Artlogic Pay, a payment solution tailor-made to suit the needs of the art industry. Artlogic identified features that galleries specifically needed, when it came to a sales platform: the means to build and maintain relationships with collectors and access to safe, secure payment options like the ones already standard in other industries.
“Listening intently to the needs of our clients has aided us in developing tools that benefit not just users of Artlogic, but the art market at large,” said CEO Joe Elliott. “We’re already seeing the positive impacts of Artlogic Pay on the market, with hundreds of early adopters and happy collectors! As ever, we look forward to working with our clients to help them generate even more success in the future.”
Artlogic CEO Joe Elliott. Courtesy of Artlogic.
The launch of Artlogic Pay leveraged nearly two decades of experience in the art and tech spaces, but also involved listening to galleries across the industry who were voicing a desire to offer easy and secure payment methods that suited collectors’ preferences. Charles Moffett, who helms his own eponymous gallery, observed the increase in collector confidence using the platform: “Being able to say ‘here’s a link to a payment platform that is operated through Stripe; you can enter your details and pay via this way’ is great.”
Artlogic Pay also offers the ability to offload the burden of monitoring and chasing payments, which often requires time-consuming calls to banks and accountants. On the platform, these operations are updated automatically—no manual checking statements needed. “With the time saved, there’s no shortage of things that we could be doing rather than working on admin,” said Moffett.
Courtesy of Artlogic.
While Artlogic has brought the entirety of its art-world and tech acumen to this new facet of the platform, it still recognizes that the industry functions in a primarily face-to-face manner—and doesn’t really envision an ecommerce-exclusive art market. Quite the opposite. Artlogic’s goal is more modest but also more fundamental: to make it easy for clients to pay, either online or in-person. “Because when it’s easy to pay, it’s easier to sell.”
“Before Artlogic Pay, we would either take the credit card number over the phone or write it down and keep it on file—neither of which is very secure,” said Kennedy Contemporary Founder Victoria Kennedy. “When Artlogic Pay was launched, that was a huge improvement. Now I can create a secure payment link and send it to the client.”
Available worldwide for over 135 currencies, useable on devices ranging from desktop to mobile, and able to process all major credit and debit cards, Artlogic Pay is at the cutting edge of art-world best practices.
Learn more about Artlogic here.
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December 08, 2023 at 02:47AM
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Artlogic Pay Is Out to Make the Business of Being an Art Dealer Easier - artnet News
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