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How to Pay at IAA

With convenient payment options from financing to PayPal to paying cash in person, IAA makes it easy to buy your next vehicle at auction. Check our handy chart to find the payment option that's right for you.

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
MoneyGram® ✔     $9,000 per transaction, but you can make multiple transactions per day with no limit. All accounts
PayPal®   ✔ ✔ According to your financial institution's credit limits.  All accounts
I-Pay®   ✔ ✔ Varies, pending IAA approval. Domestic
Licensed
Business
Accounts Only
Credit/Debit Cards ✔ ✔ ✔ $2,500 Public Accounts

$20,000 Licensed Business Accounts		 One year of established purchase history is 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.

*MoneyGram Payments: Are only available at U.S. MoneyGram locations. Payments cannot be made at Walmart MoneyGram locations at this time.

MoneyGram®

MoneyGram is a trusted global money transfer service that allows you to make secure payments quickly and easily. IAA buyers can now take advantage of fast, same-day processing at thousands of U.S. MoneyGram locations (excluding Walmart).
MoneyGram Icon

Features & Benefits

  • FAST: Payments are applied immediately—no waiting!

  • CONVENIENT: Access over 25,000 U.S. MoneyGram locations (excluding Walmart).

  • FLEXIBLE: Transporters can pay on your behalf using your invoice details.

  • SECURE – No checks, no postage—same-day transactions with no extra hassle.

How to Pay with MoneyGram

  1. Select MoneyGram: During checkout on IAAI.com, choose MoneyGram as your payment method.

  2. Download your IAA invoice: After selection, download your invoice for payment details.

  3. Visit a MoneyGram location: Bring your invoice to a participating U.S. MoneyGram location (excluding Walmart) to complete your payment.

  4. Once paid, download your IAA receipt and pick up your vehicle.

Transaction Limit: Payments are capped at $9,000 per transaction, but multiple transactions are allowed per day with the exception of CVS and Food Town locations, which have a $2,000 per transaction limit.

For more details, visit our FAQ page

PayPal®

PayPal is a worldwide online payment system that allows users to pay with multiple payment options. If you would like to use PayPal to pay at IAA, you will need to have a PayPal account. This account will be connected to your credit card or checking account. If you don’t have a PayPal account, set-up is fast, and easy. PayPal is one of the most secure platforms for sending and receiving money online.
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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. To learn more about PayPal or to open an account, visit PayPal.com.

Visit our FAQ page to learn more

I-Pay®

I-Pay® is an electronic check writing/ACH payment option that automatically transfers funds from your U.S. bank account to IAA. Customers with a Licensed Business account and a U.S. bank account can utilize this feature to pay for purchases quickly, securely, and with no additional fees. Learn more about I-Pay in the help section of IAAI.com.
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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

Use your credit/debit card for payment through IAA’s secure online system with a maximum daily limit of:
  • $20,000 for Licensed Business Accounts.
  • $2,500 for Public Accounts.
All major credit cards are accepted, except American Express. One year of established purchase history is required to use credit cards online.
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Features and Benefits

  • Secure transaction system allows you to pay with confidence. 

  • Account Owners can add up to 3 credit/debit cards in My Auction Center on IAAI.com.

  • Payments can be made on IAAI.com, in the IAA Buyer App, or at an IAA Branch. 

To add a credit card payment option to your account:

  • Contact Buyer Services first to see if you qualify. 

  • 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 on all credit/debit cards MUST match the name of the registered buyer. Buyers are prohibited from using third-party credit/debit cards. There is also a processing fee for using credit cards.

Cash/Cash Equivalent

This includes currency, money orders, cashier’s checks, certified checks and traveler’s checks. Payment for vehicles may be made with cash, and a daily limit of $500 per day, per branch. Cash equivalent payments can be made up to any amount per day per branch. Change cannot be provided at any branch. Buyers must provide a valid government-issued photo ID for these cash/cash equivalent payments. Please familiarize yourself and your agents with our IAA’s Cash Payment Policy.

Please Note: Cashier's checks and official bank checks will only be accepted at U.S. branches if the remitter's name on the check matches one of the following: Buyer account name, owner name, employee(s)' name. All checks and money orders should be made payable to Insurance Auto Auctions or IAA.

Please Note: Starting June 1, 2024, IAA will no longer accept USPS® money orders as a form of payment for vehicles and any other fees.
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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.

Find a branch

Wire Transfer / Account Credit

Wire transfers are a secure and reliable way to pay for vehicles from nearly anywhere in the world. Learn more about this quick and easy method in the help section of IAAI.com.

IMPORTANT: Effective on Sunday, June 1, wire transfers will only be accepted by the registered IAA account owner. No third-party wire transfers will be accepted after that date.
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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

Financing, or floorplanning, is available for U.S.-based licensed businesses.
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Features and Benefits

  • IAA partners with several financing companies to help you find the perfect floor plan.  

  • Maximize your purchasing power and keep more cash on hand.  

  • Flexible flooring options to work within your business cycle.

To use financing as a payment option: 

  • Select one of our partner companies when you find the best option and then apply for financing to complete the purchase of your IAA vehicle(s). 

  • IAA Buyers who are also AuctionACCESS members can link their accounts for even faster approvals and/or access to already established lines of credit.  

See financing options

Account Credit 

IAA Account Credit is available funds that have been credited to your account. Learn more about IAA Account Credit.
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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.