How to Pay at IAA Canada
How to Pay at IAA Canada
IAA offers multiple payment options. Due to the risk of returned cheque payments (insufficient funds or stop payments), cheques and cash are no longer accepted as direct branch deposits at Bank of Montreal.
Credit cards
Visa and Mastercard are accepted for registered buyers with a minimum 6-month purchase history in good standing. There is a $10,000 limit per transaction. A separate invoice will be issued for any surcharge and can be found on the “Purchase History” page. Sales tax will apply based on provincial rules.
*Credit cards are not available for Quebec buyers, and Quebec inventory is not eligible for credit card payment by any buyer. Credit cards include a 2.4% surcharge.
Paying at an IAA location
Visa or Mastercard can be used for certain fees (Registration, Pull Fee, Late Fee, etc.) up to $500. Authorization forms can be faxed or emailed to any IAA location.
Pay with Credits
- Select vehicles from the “My Vehicles – To Be Paid” section.
- On the method of payment page, select “Pay with Credits.”
- Available only if the invoice total is lower than your available credit.
- A confirmation page will show a bill of sale and gate pass once paid.
- Any remaining credits will reset and display as a new total for future use.
E-Transfer
- Send e-transfers to AR_CA@iaai.com from your online banking account or app.
- Include your Buyer # and Stock #(s) if not paying the full balance.
- Payments are processed M–F, 8 am to 5 pm ET and may take up to 2 hours to confirm.
- If your Buyer # wasn’t included, please forward the confirmation email to AR_CA@iaai.com with your Buyer #.
*Check with your bank for daily, weekly and monthly transfer limits.
BMO to BMO Transfer
Bank of Montreal customers can transfer funds directly from BMO accounts to IAA Canada. Notify the respective branch of the incoming transfer (phone, fax or email) and specify which auction and Stock #(s) are being paid. Vehicles will be released immediately upon payment confirmation.
AFC
IAA has partnered with Automotive Finance Corporation (AFCdealer.com) to help buyers leverage capital and expand their purchasing power. You can floor your won vehicles directly from your Auction Center account as a payment option.
*Learn more about this IAA payment method at ca.iaai.com/support/afc.
Bill Payment
- Log in to your online banking account or app.
- Go to Bill Pay → Payment Management → Add Payee.
- Search for "IAA" and select it from the list.
- Enter your Buyer # in the Account Number field.
- Complete the payment online.
*IAA receives payment info from your financial institution at 5 pm ET on the day following your payment submission.
Telpay
IAA Canada accepts Telpay for Business as a safe and secure electronic payment method. You can manage all business payments in one place. To get started with expediting payments and releasing gate passes faster, contact sales@telpay.ca.
Mail/Courier
Make a cheque or bank draft payable to IAA Canada and mail or courier to your nearest IAA branch. Notify the branch of which auction and Stock #(s) are being paid. Vehicles are released upon confirmed receipt within IAA’s payment terms. Confirmation of delivery can be tracked online for some couriers and Canada Post.
Wire Transfer/EFT
Payments from Canadian financial institutions and banks worldwide may be sent directly to IAA Canada using the details below. Reference your Buyer # and notify the IAA branch of the incoming wire, specifying the auction and Stock #(s) being paid. Vehicles will be released immediately upon payment confirmation.
EFT Payment
- Beneficiary Name: Impact Auto Auctions Ltd.
- Bank: Bank of Montreal
- Institution Number: 001
- Transit #: 39562
- Account #: 1004384
- Currency: CAD
Wire Payment
- Beneficiary Name: Impact Auto Auctions Ltd.
- Beneficiary Address: 90 Burnhamthorpe RD W, Suite 1206, Mississauga, ON, L5B3C3, Canada
- Receiving Bank: Bank of Montreal Head Office, Montreal
- Swift code: BOFMCAM2
- Beneficiary Bank: Bank of Montreal
- Bank address: 1111 Davis DR, New Market, ON, L3Y8K3, Canada
- Account #: 39561004384
- Canadian Routing Code#: 000139562
In-Person
Visit any IAA branch and present your cheque or bank draft. Notify the branch of which auction and Stock #(s) are being paid. Vehicles are released once payment is confirmed within IAA's payment terms.
Terms of Payment
For Licensed Business Accounts, payment is due within 3 business days of the auction. For Public Buyer Accounts, payment is due on the day of the auction. Payment in full must be completed before vehicles are released. All won vehicles must be removed within 3 business days following the sale date to avoid additional storage fees. IAA Canada is not responsible for payments lost or delayed in delivery. Contact your nearest IAA Branch, Troy Edwards or Buyer Services if you have any questions or concerns.
Troy Edwards (Director, Logistics):
Email: tedwards@iaai.com
Buyer Services (Questions & Assistance):
Phone: (289) 374-3919
Email: BuyerServices_CA@iaai.com
SGI Payment Options
SGI stocks can be paid from Auction Center using an authorized credit card. This method is located within the “To Be Paid” section on your dashboard. Once selected, follow the steps below to complete your payment:
- Select the SGI tab.
- Select your stock(s) to be paid.
- Proceed to the method of payment page.
- Select “Pay with Credit Card” and complete the transaction.
MPI Payment Options
MPI stocks can be paid from Auction Center by credit card. This method is located within the “To Be Paid” section on your dashboard. Once selected, follow the steps below to complete your payment:
- Select the MPI tab.
- Select your stock(s) to be paid.
- Proceed to the payment method page.
- Select “Credit Card” and complete the transaction.
ICBC Payment Options
ICBC stocks can be paid from Auction Center using an authorized credit card or Visa/Mastercard debit card. This method is located within the “To Be Paid” section on your dashboard. Once selected, follow the steps below to complete your payment:
- Select the ICBC tab.
- Select your stock(s) to be paid.
- Proceed to the method of payment page.
- Select “Pay with Credit Card” and complete the transaction.