Consignment

Stock › Consignment is for items people leave with you to sell. They stay theirs until they sell, so they never count in your stock value. When one sells, Retailed works out their share and adds it to what you owe them. Consignment comes with the Shop plan, and is an add-on on Pro and Business. See Plans and billing.

Retailed records what you owe and what you paid. It never holds or moves money: you pay consignors from your bank or till as usual.

Set your terms

Before you sell a consigned item, set what you keep. Open Settings › Consignment:

1. Commission (%): your share of the sale price, like 20.
2. Minimum commission: the least you keep per item. Leave it blank for none.
3. Fee per item: kept on top of the commission. Leave it blank for none.
4. Press Save terms.

The line under the fields shows an example, like "On a €100.00 sale you keep €20.00 and they get €80.00". Your commission is never more than the price.

Each item keeps the terms in force on the day you took it in. Changing your terms only applies to items you take in from then on, so it never moves what you owe for items you already hold. Channel fees are yours: they come off your profit, never off the consignor's share.

Amounts are in your base currency. Seeing the terms needs access to costs; changing them needs the right to edit contacts.

Take items in

1. Open Stock › Consignment and press Take in items. From a consignor's page, the button already knows who they're from.
2. In From, pick a contact, or type a new name to add a new consignor.
3. For each item, type the name, size, condition and Asking price. Press Add another item for more, up to 50 at a time.
4. Press Take in 3 items (the count follows your lines). You land on the consignor's page.

If no terms are set yet, you can still take items in, but you can't sell them until you set terms.

Find consigned items in your stock

Stock › Items has two tabs once you hold consigned items: Your stock and Consigned in. Your stock, its counts and its value only cover what you own. Consigned in lists what you hold for others, with each item's consignor where your own items show their cost.

Sell a consigned item

Sell it like any other item. Retailed takes the consignor's share from the price it sold for, using the item's terms, and adds it to what you owe them. During the beta, a consigned item must sell in your base currency.

The full sale price counts as your sales, and the consignor's share is the cost of that sale, so your profit is what you keep.

See what you owe

Stock › Consignment lists your consignors: items with you, sold, owed, last payout and whether they opened their link. One click opens a preview; a double click opens their page.

A consignor's page shows:

• With you, Sold, Owed and Paid to date.
• Items: each one with its status and, once sold, their share.
• Payouts: what you recorded.
• Terms and Private link.

Owed is their share of the sales you kept, less what you paid them. It's per currency and never converted.

Record a payout

1. On the consignor's page, press Record payout.
2. Type the Amount paid (at most what you owe them), the day, How you paid and a reference if you have one.
3. Press Check payout, read the summary, then press Record with the amount, like Record €120.00.

A payout can't be edited afterwards. If you recorded one by mistake, press Undo on its row in the payouts list, then Undo payout. The amount goes back into what you owe them. A payout in a closed month can't be undone.

Give a consignor their link

A private link shows a consignor their items, sales, their share and your payouts, never your costs. They don't need an account.

1. On the consignor's page, under Private link, press Make a link.
2. Press Copy link and send it to them. The link is shown only once, so copy it then.

The page shows when they last opened it. Make a new link stops the old one and gives you a new one. Stop link stops it at once; you can make a new one later.