Discussions Tagged With: payment

When you pay for a car at an auto auction website by your credit card through a payment system, it usually takes from 15 to 30 minutes for transferring the money. However, you should keep in mind that sometimes the receipt of payment to the company's ... account may be longer depending on the payment system you use. So, please check a payment system's terms and conditions regarding the period of transfer in advance. Promising to arrange your payment as fast as possible, some payment systems also notify their clients that they may have to wait for a couple of days. In such a way financial institutions protect themselves against a possible overloading of the payment system.

Most likely, it's been an intermediary bank charge applied. Pay attention to your local bank conditions for making payments, as most of the banks apply fees for providing their services that will be deducted from the transferred amount. Such fees ... may be either some fixed amount or percentage from your transaction depending on particular bank's policy. Thus, let yourself know about your local bank terms in advance to estimate your additional costs. Some websites cooperate with certain banks or payment systems to make payment terms for their customers more convenient and faster. Please check if an auto auction company has any agreements with some financial institutions about free charge payments for its clients.

It gives an auto auction website assurance that your intentions to buy a car with the company are serious. Besides, the vehicles are sold very fast on the North American auctions and placing a deposit in advance will guarantee that you can bid for ... a car you want once it appears on the website. The initial deposit will help a car auction company to reserve the vehicle of your choice for you. You should understand that sometimes sellers want to receive their money right after the auction takes place, and a car auction company has to pay for your vehicle before you send the full payment. Your deposit will secure your wish to purchase a vehicle you bid for and become a part of your full price.

Before you make payments for your next vehicle with an auto auction website, request for the company's terms and conditions and make sure that you absolutely agree with them. The methods of payments are settled by each company individually and may ... vary from website to website. Some car auction companies prefer to receive a bank wire transfer only, however, others may also accept credit card payments for placing a deposit or a full invoice amount. But it's more secure to arrange your transfers via banks, as reliable financial institutions are usually giving you a proof of your payments, and namely a confirmation or payment order. As for credit cards such as Visa or MasterCard there are some limitations for transferring amount, so you probably will not be able to pay for a car purchase in full via VISA. But it's a more convenient method of payment for placing a minimum deposit. Besides, the average transferring time for bank wire payments is 5-7 business days, while credit or debit card transactions are processed from an hour to two days only. As far as used vehicles are sold very fast on the North American auto auctions, it may be good for you if a car auction website offers its clients to settle a deposit using their debit or credit cards.

To complete a bank wire payment to an auto auction company account, you should use only the bank instructions provided by the company. Usually, all the information given by the company regarding its official bank wire instructions is more than enough ... to complete the payment with any bank. In case your bank requests for any additional information from you to proceed with the payment, you can always contact the company's representative for assistance. Take a notice, that there are many fraudulent companies, that may send you an email with incorrect bank details. Thus, always check this data with the official information provided on the company's website or in your client's’ profile. Make your own research in advance, and make sure that you do business with an existent and reliable auto auction websit e.

Most of the car auction companies require to receive from you the full payment for shipping, so they can start shipping process. The North American websites try to protect their clients from various frauds with credit card payments and suggest them ... to make payment only through wire transfer in USD. To make a wire transfer, you need to get the wire details of the shipping company and provide your bank with these details. You will need to note down the transaction number to submit a confirmation of your transaction to the shipping company. Depending on your wire amount, the bank will charge you their fees for sending a wire payment in USD. Banks may charge for conversion of your home Currency to USD and wire payment fees. On average it takes from 5 to 7 days for a bank to credit the payment to beneficiary's account using the wire transfer method. In any case the shipping will not start until you pay for car in full. Before you make your payment to any auto auction or shipping company, it's important to check the company legitimacy. There are also many fraudulent companies, that may try to convince you that they are reliable enough and have been on the market for a long time by carefully crafting a company name to mislead you. Thus, check if the company, you want to have business with is registered and licensed by the government authorities. Make your own deep research about this company with the help of popular search engines, such as Google or Yahoo. Read its customers comments and complains, visit the company official website and social media profiles. You may also contact them by email or call them, so they can assist you and let your doubts go.