The landscape of car auctions and digital bidding is evolving rapidly. Recent regulatory updates from COPART and the IAAI are reshaping how auto dealers buy vehicles and manage payments. If you’re an auto dealer or car reseller, understanding these changes is critical to staying compliant, avoiding costly penalties, and maintaining smooth operations.
At Cudium, we’ve designed our platform to help you navigate these new rules effortlessly — enabling you to pay for COPART and IAAI vehicles directly in your own name, with full transparency and security.
What’s Changing with COPART?
COPART has introduced stricter licensing and payment regulations to enhance transparency and reduce fraud in vehicle auctions:
- Only Licensed Buyers Can Bid Directly: Whether you’re an individual or a business, you now need to provide valid government-issued ID and, for businesses, a recognized business license based on your location. This means no more bidding through unlicensed third parties or brokers unless they are officially registered.
- Payments Must Be Made in the Registered User’s Name: COPART requires all payments to be conducted in the name of the licensed buyer. This eliminates confusion and protects buyers from fraudulent transactions or payment disputes.
- Faster Payment Deadlines: Winning bids must be paid within three business days, or late fees apply. This demands a payment process that is both quick and reliable.
For dealers, these changes mean you must be fully compliant with licensing requirements and ensure your payment methods align with COPART’s new rules.
The Pain Points Auto Dealers Face Today
- Complex Licensing Requirements: Understanding and meeting licensing rules can be confusing, especially for dealers operating across different states or countries.
- Broker Dependency: Many dealers rely on brokers to bid on their behalf, incurring extra fees and losing direct control over transactions.
- Payment Delays and Risks: Third-party payments can cause delays, disputes, and lack of transparency — risking lost deals or penalties.
- Compliance Challenges: Keeping up with evolving regulations is time-consuming and risky without the right tools.
Ready to Simplify Compliance and Pay Directly in Your Name?
Fill out the form below to receive a free demo and step-by-step guide on how to use Cudium to stay ahead of COPART and IAAI regulations.
Link to form
How Cudium Solves These Challenges
Cudium is built to empower auto dealers to buy vehicles on COPART and IAAI platforms while paying directly in their own name, fully compliant with the latest regulations.
- Direct Payment in Your Name: Avoid brokers and third parties. With Cudium, every transaction is traceable and transparent, reducing fraud risk.
- Simplified Compliance: Our platform guides you through licensing requirements and ensures your payments meet COPART’s and IAAI’s standards.
- Fast, Secure Payments: Meet COPART’s payment deadlines with ease using Cudium’s streamlined payment system.
- Global Support: Whether you’re local or international, Cudium supports your business registration needs to help you participate confidently in auctions.
Hear from Dealers Like You
“Since using Cudium, we’ve eliminated broker fees and payment headaches. We pay directly in our name, staying compliant with COPART’s new rules, and close deals faster.”
— Azeefaq Autos, Auto Dealer
Again, Ready to Stay Ahead of the Regulations?
Don’t let the new COPART and IAAI rules slow your business down or put you at risk. Download the Cudium app today and experience hassle-free, compliant payments on COPART and IAAI auctions.
Make every transaction count — pay with your name, pay with confidence.
Get started now: Download Cudium 👇