When and how do consignment shops pay their consignors?
Asked by sitecontributor|Consignments
Answer
BidBuySmart
Payment methods vary from shop to shop. Some pay on a regular schedule, such as monthly, while others let you pick up a check or request payment once your balance reaches a certain amount. Many now offer online accounts where you can see what has sold.
Some shops also offer store credit, and a few give a slightly better rate if you take credit instead of cash. Be aware that some shops have policies about unclaimed balances, so check in from time to time.
Get the payment terms in writing before you consign. Keep track of your items and balance, and ask questions promptly if something does not match your records. A well-run shop will be able to show you exactly what sold and when.
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