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

A business day is considered a weekday (Monday-Friday) that is not a Federal holiday. International members will be allotted two business days to have the payment received into the account.

For example, if you are awarded a vehicle on Monday, then 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 that the payment is late.

We accept bank Wire Transfer for vehicle payments.

Once the auction closes, you will receive en email with invoice and payment instructions. Your vehicle payment must be made by bank Wire Transfer only, instructions can be found on the attached invoice in PDF file.

Salvagebid only accepts payment in US Dollars.

There are different fees 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 an $119 documentation fee to cover the ownership document transfer and mailing. You can determine the exact fee you will pay for each vehicle by using our fee calculator located on the bottom of the auction box for each vehicle.

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 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 being 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 being sent to Salvagebid. Please take these additional fees into consideration when making payment. After the bank wire transfer is complete, please upload your payment confirmation as indicated on the invoice.

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

In addition to the Salvagebid fees, each auction also charges its own set of auction fees. You can determine the exact fee you will pay for each vehicle by using our fee calculator located on the bottom of the auction box for each vehicle.

There are several reasons why your invoice may not have been paid in full.

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.

If you did not pick up your vehicle within 3 business days (inclusive of the sale date), a minimum storage fee of $50 per day per vehicle may have been added to the purchase price.

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

In the event of an approved refund, or refunds 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.