Buyer fees
Registering with IronPlanet and participating in auctions are free. For each item won in an IronPlanet Auction, the Buyer must pay a transaction fee based on the final selling price:
| Final Selling Price |
Transaction Fee |
| $1 to $2,500 |
10% of the final selling price |
| $2,501 to $31,499 |
2.95% of the final selling price (min $250) |
| Above $31,500 |
$925 |
Default Fee Penalty - If the winning bidder fails to complete the transaction for any reason, they must pay a "Default Fee Penalty" based on the final selling price of the item less Buyer's transaction fee. The default penalty ranges are described in the chart below.
| Final Selling Price Ranges |
Default Fee |
| $2,500 or less |
$500 |
| $2,501 to $10,000 |
$1,500 |
| $10,001 to $25,000 |
$2,500 |
| $25,001 to $50,000 |
$4,000 |
| $50,001 to $100,000 |
$5,000 |
| $100,000 or greater |
$6,500 |
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 fee penalties are paid in full a customer will be prohibited from bidding in our auctions. IronPlanet unilaterally reserves the right to prohibit participation on our site at anytime.
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888-433-5426
1-888-433-5426