IronPlanet - Buyer fees

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Buyer fees

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.

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.

Storage Fees - Buyers shall remove the equipment from Seller's premises no later than eight (8) business days after the Auction closes, after which Buyers may be responsible for payment of Storage Fees, and in some cases payment of cost to transport equipment to an alternate location. If a Buyer has not removed the equipment from the Seller's location within eight (8) business days after the close of the Auction for the piece of Equipment, the Buyer will be responsible for directly paying the Seller any and all storage fees if levied by the Seller. If levied by the Seller, standard storage fees will be $25 per day, beginning on the 9th day after the close of the Auction for the piece of equipment.