How to Pay at IAA
IAA offers several convenient options to pay for vehicles. After the vehicle is awarded, payments are due by 5:00 p.m. local branch time on the due date. For U.S. domestic buyers, payment is due two business days after the vehicle is awarded. For non-U.S. foreign buyers, payment is due four business days after the vehicle is awarded. Compare options in the chart, then view more detailed information about each payment option below.
Payment Options
Following are the various payment options available:
| Payment Options | Pay In-Person | Pay Online at IAAI.com | Pay on IAA Buyer App | Daily Limit | Available for IAA Account Type |
| PayPal | ✔ | ✔ | According to your financial institutions credit limits | All accounts | |
| I-Pay | ✔ | ✔ | $2,500 | Domestic Licensed Business Accounts Only |
|
| Credit/Debit Cards | ✔ | ✔ | $2,500 | All accounts One year of established purchase history required |
|
| Cash | ✔ | $500 | All accounts | ||
| Cash Equivalent • Money Orders • Cashier’s Checks • Certified Checks • Traveler’s Checks |
✔ | No Limit | All accounts | ||
| Wire Transfer/ Account Credit |
✔ | ✔ | No Limit | All accounts | |
| Financing | ✔ | ✔ | ✔ | No Limit | Domestic Dealers Only |
| Account Credit | ✔ | ✔ | No Limit | All accounts |
Please Note: We do not accept in-person payments at our Buyer Services office (Oak Brook, IL) or our Corporate office (Westchester, IL). Please visit your local branch to make an in-person payment, or choose from one of our convenient online payment options.
In-Branch Payments: Buyers who pay at the Branch with cash, money order, cashiers check or company check will be charged a $20 In-Branch Payment fee.
PayPal®
Features & Benefits
More credit cards accepted, including international credit cards.
Pay for buyer registration, vehicles, fees, and even transportation booked online.
Offers buyers the opportunity to apply for financing (through PayPal).
Access on your mobile device or cellphone via the IAA Buyer App.
To use PayPal with your IAA account:
If you already have a PayPal account, you do not need to do anything. Simply select the PayPal icon during check-out on IAAI.com, or pay via the IAA Buyer App. If you don’t have a PayPal account, please sign-up.
You will need to provide an email, create a password, then fill-in your personal information.
You will receive a link to verify your email account.
Follow the step-by-step instructions for adding your payment methods.
If you have any questions, there is more information on PayPal.com.
Download the PayPal app
I-Pay®
Features & Benefits
Transfer funds instantly to IAA directly from your U.S. bank account with a single click.
Eliminate additional fees including those required for wire transfers and money orders.
Make payments online at IAAI.com and the IAA Buyer App.
To add the secure digital I-Pay payment option to your account:
Provide a Bank Letter from a U.S.-based bank to Buyer Services.
Log in to IAAI.com and go to My Auction Center.
On the ‘Profile’ tab, select Payment Methods.
Select Sign-up for I-Pay.
Enter the required information.
Select Sign Up.
Credit/Debit Cards
Features and Benefits
Secure transaction system allows you to pay with confidence.
Set-up a maximum of 3 credit/debit cards by the Account Owner (daily max $2,500).
Payments can be made online at IAAI.com and at an IAA Branch.
To add a credit card payment option to your account:
Log in to IAAI.com and go to My Auction Center.
On the Profile tab, select Payment Methods and then select Add a Card.
Please note: The name listed on all credit/debit cards being used for payments MUST match the name of the registered buyer. Buyers are prohibited from using any third-party credit/debit cards.
Cash/Cash Equivalent
Features and Benefits
Payments can be made at one of our branch locations, providing a convenient and fast way to pay for your purchases.
Pick-up vehicles immediately when payment is made at an IAA Branch.
Wire Transfer / Account Credit
Features and Benefits
Payments have no daily or branch limits/maximums.
Self-service by using the wire transfer funds in your account credit to pay.
To use Wire Transfer and Account Credit as a payment option:
Step 1 – Send Wire Transfer Payment to IAA. Invoices can still be printed during the checkout process and used at your bank to send a wire transfer.
Step 2 - Complete the Wire Transfer form and e-mail it to buyerpayment@iaai.com with a copy of your bank receipt. You will no longer be required to provide stock details only your buyer number.
Step 3 – Once IAA receives it, your payment is posted into your account as IAA Account Credit.
Step 4 – You must then log in and pay for your vehicles online using the Account Credit option during check-out. You will no longer have to wait for IAA to process the payment to individual stock #’s.
Financing
Features and Benefits
IAA partners with several financing companies so you can find the perfect floorplanning option.
Maximize your purchasing power.
Flooring options work within your business cycle.
Re-invest your cash into other areas of your business.
To use financing as a payment option:
Select one of our partner companies and find the best option for you. You will then apply for financing to complete the purchase of your IAA vehicle.
Account Credit
Features and Benefits
Payments can be made online with your IAA account credit to quickly pay for inventory, fees or transportation costs.
Account balance is available online at IAAI.com.
To Use available Account Credit as a payment option:
Log in to My Auction Center to view available account credit on your dashboard.
Select items ‘To Be Paid’ and proceed to checkout.
Upon checkout, select ‘Account Credit’ as a payment method.
Submit your payment.