Payment for won vehicles must be received by 5pm Pacific Standard Time the following business day from the sale. Starter, Premium, and VIP members get an additional business day to complete their transactions.

A business day is considered a weekday (Monday-Friday), not a federal holiday. International members will be allotted two business days to receive the payment into the account.

For example, if you are awarded a vehicle on Monday, the funds from the wire transfer must be received by us no later than 5pm PST on Tuesday.

If payment is received one day late, a $100 or 2% of the sale price (whichever is greater) late payment fee will be added to your account for every day the payment is late by the auction payment policy.

We accept the following payment methods:

• • Wire Transfer
• • Zelle
• • MoneyGram

Salvagebid only accepts payment in US Dollars, following the auction payment currency guidelines.

There are different auction fee structures for different membership levels:

• Guest members pay 10% of the purchase price with a minimum of $299, whichever is greater.

• Starter members pay 9% of the purchase price with a minimum of $299.
•Premium members pay 6% with a minimum of $250.
•VIP members pay 4% with a minimum of $200.

In addition, we charge a documentation fee starting at $119 to cover the ownership document transfer and mailing. You can determine the exact cost you will pay for each vehicle by using our fee calculator at the bottom of the auction box. This ensures transparency in the auction costs.

When a High Bidder wins an auction, our system will send a notification with an invoice to the email address we have on file. The invoice will include wire transfer instructions for making payment.

Please contact your financial institution for specific instructions on how to make a wire transfer with them.

Items you should have on hand, most of which can be found on your invoice:

• • Government-issued photo ID
• • Bank name for Salvagebid
• • Account number for Salvagebid
• • Domestic Customers: ABA routing number for Salvagebid
• • International Buyers: SWIFT code for Salvagebid

International Customers: Bank wire transfers may be processed by intermediary banks while transferred to Salvagebid. These banks may charge additional processing fees separate from the fee charged by the originating bank. These additional fees will be deducted from the bank wire transfer sent to Salvagebid as part of the auction payment process.

Salvagebid charges a percentage of the purchase price based on your membership level. We also charge a documentation fee starting at $119 to cover the title transfer and mailing.

In addition to the Salvagebid fees, each auction charges its fees. You can determine the exact cost you will pay for each vehicle by using our fee calculator at the bottom of the auction box. This ensures you understand the complete auction fee breakdown.

There are several reasons why your invoice payment may not have been processed correctly:

If you did not pay for the vehicle on time, a late fee of $100 or 2% of the sale price (whichever is greater) per day may have been added to the purchase price, per the auction payment rules.

If you did not pick up your vehicle within three business days (including the sale date), a minimum storage fee of $50 per day per vehicle may have been added to the purchase price following the auction transaction fees.

If you had an outstanding invoice, part of this payment may have been applied to that invoice. It is our auction policy to apply payments to past-due invoices first.

In the event of an approved refund or refund for unused security deposits, refund payment will be sent to US customers by company check. All refunds for customers outside the US will be made by wire transfer, which aligns with the refund payment method and timeline.