Payment terms can vary from sale to sale; exceptions to these terms can be found in the Terms and Conditions on the sale details page. This information is only for general reference. All bidders should review and follow any payment instructions provided on the sale details page.

U.S. Sales:

Payment is due upon receipt of invoice.

Payments must be made in U.S. funds.

Acceptable forms of payment are:

  • Cash

  • Cashier's check

  • Wire transfer (Wire Transfer Instructions)

  • Company check payable to Hilco Industrial only if accompanied by a bank letter of guarantee (download sample bank letter template).

  • Visa or MasterCard, or American Express for most sales, only if invoice amount is less than $2,000.

  • Personal checks are not accepted.

All bidders residing outside of the United States or Canada are required to submit a fully refundable qualifying deposit of 25% of their total expected purchases. Deposit must be received via wire transfer and confirmed prior to start of auction.

Payment amount must include sales tax where applicable. See sale details for information about sales tax rules and exemptions.

Invoice amount will also include applicable buyer's premium. Standard buyer's premium is 18%, but may vary. 

Invoice will reflect any special circumstances for that sale. Please follow payment instructions on your invoice.

Canadian Sales:

Payment is due upon receipt of invoice.

USD and CAD payments are accepted based on specific sale. Please see sale event terms for the most accurate information.

Acceptable forms of payment are:

Personal checks will not be accepted.

European Sales:

Payment is due upon receipt of invoice.

The Purchase Price should be paid by means of electronic funds transfer (EFT).

The bank details and the currency in which payment should be made shall be specified in the Sale Specific Terms.

Malaysian Sales:

Payment is due upon receipt of invoice.

All payments must be made by Cashier's Check, Wire Transfer or Company Check with Bank Letter of Guarantee.

Checks must be made payable to Hilco Industrial Sdn Bhd.

Singapore Sales:

Payment is due upon receipt of invoice.

All payments must be made by Cashier's Check, Wire Transfer or Company Check with Bank Letter of Guarantee.

Checks must be made payable to Hilco Global Asia Pacific Pte Ltd.

Indonesia Sales:

Payment is due upon receipt of invoice.

All payments must be made by Cashier's Check, Wire Transfer or Company Check with Bank Letter of Guarantee.

Checks must be made payable to Hilco Global Asia Pacific Pte Ltd.


**Payment information for sales in other regions will be provided on a sale-by-sale basis.