Fees & pricing
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Selling through IronPlanet makes financial sense too
For each sale in a Featured Auction or Owner Auction, IronPlanet shall deduct from the payments made to the seller a commission fee (the "Commission Fee") equal to a percentage of the auction closing price ("Final Selling Price") as set forth in the table below. All commissions will be charged and shall be paid in euros. The seller's commission will be deducted from the Final Selling Price upon completion of the sale.
Listing FeesFor each piece of Equipment the seller lists, the seller agrees to pay to IronPlanet a listing fee ("Listing Fee") in accordance with the Listing Fee schedule below. The Listing Fee covers, among other costs, the cost of the Equipment inspection.
Multiple-Piece Rate (Inspected Equipment)
The Listing Fee for equipment located outside of Europe will be determined by IronPlanet on a case-by-case basis. IronPlanet also reserves the right to determine the exact Listing Fee for any piece of equipment on a case-by-case.
Ownership Verification Search Fee. A fee of €35 may be assessed on each piece of equipment where IronPlanet performs a search to verify clear ownership for the buyer. For Featured Auction listings, IronPlanet will deduct this fee from the proceeds arising from the sale of your equipment through IronPlanet. For Owner Auction listings, you must pay this non-refundable fee prior to the first Owner Auction period for the equipment.
Reinspection Fee. If at any time prior to or during the auction, Equipment which has been inspected by IronPlanet is altered or modified in any way which might affect the accuracy of the Listing Details (including without limitation the Inspection Report), in order to proceed with an auction you agree to pay to IronPlanet a reinspection fee approximately equal to three hundred and fifty Euros (€350.00) (the "Reinspection Fee"). IronPlanet reserves the right to determine the exact amount of the Reinspection Fee for any Equipment requiring reinspection.
Removal Fee Prior to Owner Auction Close - Reserve not met. If, for any reason, the seller withdraws a piece of Equipment listed in an Owner Auction from the IronPlanet Site after the time of Equipment Listing but before either the reserve is met or the auction closes, the seller agrees to pay IronPlanet a removal fee equivalent to the greater of (i) 2% of the Reserve Price (as set by the seller) or (ii) €50 ("Removal Fee Prior to Owner Auction Close"). If, for any reason prior to the auction close, IronPlanet removes Equipment from an Owner Auction due to seller's violation of the Auction Consignment Agreement, the seller agrees to pay Ironplanet the Removal Fee Prior to Owner Auction Close.
Removal Fee Prior to Owner Auction Close - Reserve met. If, for any reason, the seller withdraws a piece of Equipment (or causes IronPlanet to withdraw their equipment in violation of the Seller Consignment Auction Agreement) listed in an Owner Auction after the Seller Reserve Price is met, the seller agrees to pay IronPlanet a Default Fee ("Seller Default Fee") equivalent to the Commission Fee of the winning auction closing price as if the Equipment were sold, as well as the Listing Fee.
Removal Fee Prior to Featured Auction Close. If, for any reason not previously approved by IronPlanet, the seller withdraws a piece of Equipment listed in a Featured Auction from the IronPlanet Site after the time of Equipment Listing but before the auction closes, the seller agrees to pay IronPlanet a removal fee equivalent to the Listing Fee plus 25% of the greater of (i) the opening bid (as set by IronPlanet) or (ii) the highest bid submitted on the Equipment to the IronPlanet site ("Removal Fee Prior to Featured Auction Close"). If, for any reason prior to the auction close, IronPlanet removes Equipment from a Featured Auction due to the seller's violation of the Auction Consignment Agreement, the seller agrees to pay IronPlanet the Removal Fee Prior to Featured Auction Close.
Unauthorized Equipment Use Fee. If, for any reason, the seller operates, leases, rents, modifies, uses or allows Equipment sold in an IronPlanet auction to be altered at any point between the time of Equipment Listing and buyer removal of the Equipment from the seller's location, the seller agrees to pay IronPlanet an unauthorized use fee equivalent to the Commission Fee of the final sale price as if the Equipment were sold, as well as any unpaid Listing Fee ("Unauthorized Equipment Use Fee"). In addition, if the equipment has been delivered to the buyer, the seller also will be responsible for any and all transportation and freight costs associated with the delivery of the equipment to the buyer's location and the removal of the equipment from the buyer's location. In either case, title and/or ownership will not transfer to the buyer and the seller shall not receive any of the proceeds associated with the sale.
Post-Auction Delay Fee. If, for any reason, after IronPlanet has notified the Seller of receipt of full payment from the Buyer and at least one (1) business day after the close of an auction, the Seller either does not have their equipment in a "ready" condition for transport or delays the release of their equipment to the Buyer's scheduled common carrier or other Buyer conveyance, the Seller shall be responsible for full payment of any additional expenses incurred by the Buyer and/or IronPlanet due to Seller delay ("Post-Auction Delay Fee"). These expenses may include, but are not limited to, transportation cancellation or re-scheduling fees, transportation delay fees, and hourly or daily average rental cost of equivalent replacement equipment for the buyer, including loading, unloading and transportation costs. IronPlanet may assess the Post-Auction Delay Fee at its discretion. These additional expenses will be deducted from the proceeds of sale after Buyer acceptance, but prior to transferring payment to the Seller.
Seller Default Fee. If, for any reason, the seller fails to release Equipment sold in an IronPlanet auction to the Buyer's scheduled common carrier or other Buyer conveyance, or if the seller is incapable of releasing the Equipment, the Seller agrees to pay to IronPlanet a Default Fee ("Seller Default Fee") equivalent to 25% of the winning auction closing price as if the Equipment were sold, as well as the Listing Fee and any costs incurred by the buyer and validated by IronPlanet.
Shill Bidding Fee. If IronPlanet determines that a seller or someone associated with a seller has bid on that seller’s own item, shill bidding penalties will be assessed against the seller. IronPlanet will ban the seller from future use of IronPlanet websites, IronPlanet will cancel the involved transaction(s) and the seller will be charged the full Seller Default Penalty of 25% of the equipment final auction price.