1
Register on Raiz Autos
Open a commercial Raiz Autos profile in minutes with standard KYC so you can settle auctions the same day.
Copart Direct
Pay Copart. Before the deadline passes.
Fund in Naira, convert to USD instantly, and pay Copart the moment you win. Save up to $100 per vehicle in transaction fees.
9,300+
Businesses Served
98%
On-Time Delivery
Licensed
Customs Broker
Copart
& IAAI Partner
The Challenges
Avoid Common Bidding Traps
01
Standard wires are too slow
Traditional bank wires take 3–5 business days. Copart gives you roughly a 48-hour window after you win — waiting on a bank often means late fees or a cancelled sale.
02
Informal agents are high risk
Unregulated money brokers add opaque FX markups and settlement risk. One delayed or mismatched payment can cost you the vehicle and your dealer standing.
03
Missed vehicles
When payment misses the deadline, Copart can relist the lot. You lose the car you already won — plus storage and relist fees that wipe out your margin.
Process
Simple Copart Integration
2
Link Copart ID
Add your Copart Buyer / Member Number so every settlement auto-matches your dealer account.
3
Convert in App
Fund in Naira and lock a real-time NGN → USD quote before you authorize payment.
4
Instant Settlement
Authorize same-day payment to Copart. Most invoices clear within 2 hours.
Performance
Engineered for Professional Importers
| Dimension | Banks & Manual Agents | Raiz Finance |
|---|---|---|
| Settlement Speed | 3 – 5 business days | Same-day (within 2 hours) |
| Deadline Risk | High; late fees ($50+) common | Zero; automatic on-time guarantee |
| Platform Coverage | Limited; wires rejected often | All major US / UK / UAE auctions |
| Documentation | Messy; manual SWIFT copies | Clean digital receipts mapped instantly |
| Reference Matching | Manual match; prone to errors | Auto-linked Buyer & Lot numbers |
| Rate Transparency | Hidden fees; inflated FX margins | Real-time mid-market rates |
Critical Copart Payment Reference Tip
Be sure to include your 7-digit Copart Member Number and the Lot Number in the payment reference box during checkout. Failure to include these can delay your settlement and trigger auction house late fees.
More Platforms
Pay other US auction platforms
IAAI
Settle your won cars and bikes on IAAI with the same same-day rails you use for Copart.
Start Paying IAAIManheim
Settle your won Manheim vehicles directly from Naira with transparent FX and digital receipts.
Start Paying ManheimADESA
Settle your won ADESA vehicles on licensed rails — no informal agents, no missed deadlines.
Start Paying ADESAFAQ
Frequently Asked Questions
How fast does Raiz settle payments with Copart?
Most Copart settlements clear the same day — typically within 2 hours of authorization — so your Member account is funded before the auction deadline.
Can I pay with Nigerian Naira?
Yes. Deposit NGN from your Nigerian bank, convert to USD in-app at a transparent mid-market rate, and settle Copart in dollars without hunting for informal FX.
What happens if payment is rejected by the auction?
If Copart rejects a payment (for example, a mismatched reference), our team helps you correct the Member Number or Lot Number and resubmit. Unspent USD can stay in your balance for the next bid or convert back to Naira.
Are there any hidden international wire fees?
No. You see the FX rate and fee before you confirm. There are no informal agent markups or surprise correspondent-bank deductions on the path we use to settle Copart.
Ready To Settle
Never miss a Copart payment deadline again.
Secure same-day dollar payments and maintain premium dealer status.