You may be looking to buy a car on a budget, or maybe you are interested in selling one, and you come across Copart, a global car auction service provider that sells and buys cars. Before finalizing a deal with them, you’d probably want to find out Copart’s types of payment methods.Let’s read about Copart payment options.
The good news is that Copart provides a multitude of payment options. Their provide secure electronic, non-secure electronic, and physical payment options. In the following sections, you will read a more in-depth explanation of the listed methods.
Payment Options At Copart
Depending on your location, and the type of service you need, Copart offers numerous payment methods or options to make your experience much more seamless. The payment options offered by Copart are grouped into three (3) main categories, which are:
Secure electronic payment options
Non-secure electronic payment options
Physical payment options
Secure Electronic Payment Methods
To all its customers, Copart provides multiple electronic payment methods and suggests that customers use any of its approved secure electronic payment options. They even offer specific discounts for customers who use these options. . For secure electronic payment, Copart accepts payment through the following mediums:
Wire Transfer: This option is available for US-based and international customers and is usually made 24-72 hours after payment.
ePay: For workers or owners of approved businesses, Copart has made it possible for you to make payments directly from your bank by providing some necessary details. To use this method, you would need your bank account number and the routing number of your financial institution.
Debit Card: Whether you’re in the US or Canada, Copart accepts online and automatic debit card payments for some of its services. There is a payment limit of about $20,000 per day if you decide to use a debit card.
Global Pay X by Western Union Business Solutions: Copart accepts payments made through Western Union business solutions faster for international buyers.
Non-Secure Electronic Payment Methods
Unlike the secure electronic payment category, the following options do not provide a secure funds discount but are accepted by Copart.
Credit Cards: Copart accepts payment from its customers through most credit cards by fulfilling specific requirements. It is worth noting that payments made via credit cards limit to $20,000 per day.
Wallet Apps: Copart accepts payment for many of its services through numerous popular wallet apps like Google Pay, PayPal, and Apple Pay. To use this option, you would have to sign in to your accounts, go to the payment portal, select wallets apps, and follow the instructions.
Physical Payment Methods
Irrespective that Copart strongly encourages its customers to make payments through electronic means, it does, however, accept physical payments at its facilities.
Cashier’s Check: Personal checks are not accepted by Copart, but it does accept cashier’s checks made out to the company from financial institutions or banks.
Cash: Copart accepts cash payment, but this payment option comes with certain limitations, which you would need to contact Copart. However, this option is subject to a long waiting period and surcharges.
Company Checks: This option is available for domestic buyers with an approved business only. To make payment with a company check, you would have to download Copart’s company check application.
These are just a few of the payment options available at Copart. To find out about specific requirements and more options, you can visit Copart’s website.
What Payment Option Is Available For International Buyers?
As Copart is a global car service provider, it boasts of customers from all over the world, all of which are categorized as international buyers or customers, except for those based in the United States or Canada.
Most of the payment methods mentioned are available and can be used by international buyers to pay for Copart’s services, be it registration, vehicle purchases, or storage.
However, the most reliable payment option is a wire transfer out of all the methods mentioned. Because it provides payments that are easy, fast, and secure. And customers who use this method are also eligible for a discount.
Does Copart Offer Refunds To Customers?
Yes, Copart provides its customers with a full refund, so far as that customer does not have any outstanding payment due. For Basic members of Copart, this refund is usually made between 3 to 5 business days of refund request to their original payment method.
However, other members would have to wait for 30 days, and payment would be sent to the customer via a Copart check.
How Do I Know The Right Payment Method For Me?
Depending on the services you need and your location, Copart recommends specific payment methods for the convenience of their customers.
International customers are advised to use wire transfer, consumer buyers are advised to use either a debit card or credit card, and power buyers ( businesses that buy many cars from Copart) are encouraged to use ePay, as it is fast and incurs no extra purchasing fees.
Conclusion
Copart puts a lot of effort and time into making its customers across the world happy. This is why it provides its customers with various payment methods to streamline and smoothen the entire payment process. So irrespective of where you’re located, there is a payment option explicitly tailored to attend to your needs.
Frequently Asked Questions
What Copart Payment Option is the best?
For any payment you need to make, irrespective of wherever you are, direct wire transfers are one of the best ways to make payment to Copart and other services included. This specific secure electronic payment option at Copart is available to both international customers and customers based in the United states.
How do I apply for a refund?
To request a refund from Copart, all customers would have to sign in to their Copart account, go to the accounts information page, click on ‘Deposit Refund’ and follow the instructions given.
How Much Time Do I Have To Make Payment To Copart?
The time required to pay Copart for their services depends on what you’re paying for. To find out more about this, we encourage you to visit Copart’s website.