1
Register on Raiz Autos
Set up your commercial profile to access business liquidity.
IAAI Solutions
Pay IAAI. Before the deadline passes.
Send USD to IAAI directly from your Raiz wallet. Stop relying on manual black market agents who cause costly clearance delays.
9,300+
Businesses Served
98%
On-Time Delivery
Licensed
Customs Broker
Copart
& IAAI Partner
The Challenges
IAAI Bidding Headaches Solved
01
Salvage auctions move fast
IAAI has tight, immutable fee rules for late settlement. Standard international wires simply do not clear fast enough.
02
Bank wire delays
When bank payments take three to four days to be routed, you are forced to pay storage penalty rates of up to $50/day.
03
Late payment risk
If the invoice is not cleared in time, you risk losing your buyer license standing and bid eligibility on premium salvage stock.
Process
Easy IAAI Integration
2
Link IAAI ID
Provide your IAAI Buyer Number to auto-validate incoming invoices.
3
Convert in App
Review live FX quotes and convert local NGN to exact dollar figures.
4
Instant Settlement
Authorize. We pay IAAI direct on the same day, keeping your account active.
Comparison
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 IAAI Payment Reference Tip
Be sure to include your IAAI Buyer Number and the Stock Number of the won vehicle in the checkout memo box before submitting. Failure to include these in your Raiz portal checkout may delay settlement and trigger auction house late fees.
More Platforms
Pay other US auction platforms
FAQ
Frequently Asked Questions
How fast does Raiz settle payments with IAAI?
Most payments are processed and completed within 2 hours, well before standard daily auction deadlines.
Can I pay with Nigerian Naira?
Yes. You can fund your Raiz wallet in Naira, convert to USD at competitive mid-market rates, and settle directly.
What happens if a payment is rejected by the auction?
Raiz validates all buyer credentials prior to transfer. In the rare event of rejection, funds are returned to your wallet instantly.
Are there any hidden international wire fees?
None. We charge a transparent, flat processing fee shown at the time of conversion.
Ready To Import
Never miss an IAAI payment deadline again.
Secure same-day dollar payments and maintain premium dealer status.