Buyer fees & taxes
Buyer fees
Registration
Registering with IronPlanet and participating in auctions are free.
Transaction Fees
For each item won in an IronPlanet Auction, the Buyer must pay a transaction fee. The amount of this fee is based on the final selling price and is detailed on the Payment tab of the listing page for each item.
Credit Card Fees
Credit card payments will be subject to an additional 2.95% convenience fee from iClosing. This fee will appear as a separate line on your credit card statement.
Default and Late Payment Fees
If the winning bidder fails to complete the transaction for any reason, they must pay a Default Fee based on the final selling price of the item less Buyer's transaction fee. In addition, Buyer will be charged a Late Payment Fee on all items purchased that have not been paid within five (5) business days after conclusion of a Purchase Contract. The Default Fees and Late Payment Fees are described in the chart below.
| Final Selling Price Ranges | Default Fee | Late Payment Fee (per business day per item) |
|---|---|---|
| AUS $2,500 or less | AUS $500 | AUS $10 |
| AUS $2,501 to $10,000 | AUS $1,500 | AUS $25 |
| AUS $10,001 to $25,000 | AUS $2,500 | AUS $50 |
| AUS $25,001 to $50,000 | AUS $4,000 | AUS $100 |
| AUS $50,001 to $100,000 | AUS $5,000 | AUS $250 |
| AUS $100,000 or greater | AUS $6,500 | AUS $250 |
If a bidder defaults on multiple items in the same auction the final selling prices of the defaulted equipment will be added together to determine the applicable default fees.
Unless and until all default and late payment fees are paid in full a customer will be prohibited from bidding on our site. IronPlanet unilaterally reserves the right to prohibit participation on our site at anytime.
Taxes
All items sold on IronPlanet Australia are GST exclusive and GST will be added on to the final selling price of each item after the auction successfully closes. Buyer's are responsible for any applicable Stamp Duty Taxes.
