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Deposits & Payment

Find all the information you need on how to pay your deposit and invoice, including bank wire details.

Deposits

You may be required to pay a deposit to bid on-site or online. New customers and International bidders are required to deposit either $500, $1,000, $5,000 or $10,000 to bid or provide a letter of guarantee from a US Bank. The deposit amount dictates your credit limit.

  • $500 deposit equals a $5,000 credit limit
  • $1,000 deposit equals a $10,000 credit limit
  • $5,000 deposit equals a $25,000 credit limit
  • $10,000 deposit equals a $50,000 credit limit 

The deposit will be returned at the conclusion of the auction and must be in the form of cash, certified check or bank wire. We also accept credit card deposits via our Online Payment System.

Invoices

At the end of the auction, you will be required to return to the registration area where an invoice will be generated for your review and payment. If you are a motor vehicle dealer, equipment dealer or maintain other tax exempt status, you will be required to complete additional documents in accordance with state law allowing such exemptions. Specific forms and details can be found on the particular auction web page for the auction you are attending. If you purchased an item with a title, the title will be completed in the name that appears on your registration card. 

Payment should be made after you are done purchasing at the sale. However, payment must be made by the last day of the sale (or sale day if it is a one day sale). No items can be removed from the sale until full payment has been received.

Payment Methods

CASH

  • Cash transactions over $10,000 will be documented with a form 8300.
  • Companies must provide their Federal ID number and individuals must provide their social security number.

PERSONAL OR COMPANY CHECK

  • A bank letter of guarantee must accompany all personal or company checks. To view a sample bank letter, click here.
  • A valid form of ID (drivers license, passport, government id) must be presented.
  • Only checks drawn on United States banks and Canadian checks in US dollars will be accepted.
  • Third party checks will not be accepted.
  • Post-dated checks will not be accepted.

CERTIFIED CHECK / CASHIER’S CHECKS / MONEY ORDER / TRAVELERS CHECKS

  • A valid form of ID (drivers license, passport, government id) must be presented.

BANK WIRE

  • Equipment will not be released until the funds are in our account (our bank calls with immediate notification).
  • Call Yoder & Frey Auctioneers to determine your balance due before sending the money.
  • Deposits can be paid via Bank Wire.
  • Our Account Details:
Fifth Third Bank
38 Fountain Square Plaza
Cincinnati, OH 45263
ABA# 042 000 314
SWIFT Code: FTBCUS3C
(513)579-5300
Yoder & Frey Auctioneers LLC
Acct. # 7342943359
Ref Buyer#

ONLINE PAYMENT

  • Use Visa, Mastercard, American Express, Discover or Diners Club to place a bid deposit for bidding or make a payment.
  • All payments made through this service are subject to a Service Fee of up to 4% on the payment amount.
  • TO PAY A DEPOSIT PAYMENT CLICK HERE (you will need to have created an online account)
  • TO MAKE AN INVOICE PAYMENT CLICK HERE

 

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