AutoSettle is designed to make sure funds move quickly, securely, and at the right time - so both Buyers and Sellers are protected.
How payments work in AutoSettle
When a vehicle is sold through AutoSettle:
- The Buyer pays the purchase amount into an AutoSettle Wallet
This keeps the funds safe while the transaction is completed. - The vehicle handover takes place
Once the Buyer has received the vehicle, they confirm that handover is complete. - Funds are released immediately to the Seller’s AutoSettle Wallet
As soon as handover is acknowledged, funds are transferred into the Seller’s automatically created AutoSettle Wallet.
This approach ensures the Buyer’s money is protected until the vehicle is received - and the Seller is paid promptly once handover is confirmed.
Receiving your money as a Seller
Once funds are in your AutoSettle Wallet, you’re in control.
- You can transfer the money to one or more Australian bank accounts
- Transfers are made using BSB and account number via Australia’s New Payments Platform (NPP)
- In most cases, transfers are received within minutes
There’s no waiting for batch processing or overnight settlement cycles.
When might it take a little longer?
Occasionally, a payout may take longer due to:
- Bank-side processing delays
- Incorrect or incomplete bank details
- Additional security or verification checks
- Your banking or transfer history with your bank
If this happens, you're bank will have all of the necessary information to support you and advise of payout timeframes.
Built for confidence
AutoSettle only releases funds when:
- The vehicle handover has been confirmed, and
- All transaction checks have been completed
This ensures payments are made fairly, safely, and with peace of mind for everyone involved.
If your transfer seems delayed or you're facing any issues, please reach out to our support team - we’re here to help resolve it quickly.
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