Consignments

Manage consigned items, track sales, calculate payouts, and keep consignors happy.

What Consignment Tracking Covers

The consignment system lets you track cards that other people have given you to sell on their behalf. You handle the selling, they get paid when the card sells (minus your commission). This section helps you:

• Track who consigned what.
• Set pricing and commission terms.
• Record sales and calculate payouts.
• Know exactly what you owe each consignor.

Adding a Consignment

1. Go to Consignments and click Add Consignment.
2. Select or create the consignor (the person giving you the card to sell).
3. Add the item details:
   • Card Description - What the card is (player, year, set, etc.).
   • Condition / Grade - Raw or graded with cert number.
   • List Price - The agreed asking price.
   • Minimum Price - The lowest price you can accept without checking with the consignor.
   • Commission Rate - Your percentage or flat fee (e.g., 15%, 20%, or $10 flat).
4. Click Save.

Consignment Statuses

Each consigned item moves through these stages:

• Pending - Item has been agreed upon but not yet received from the consignor.
• Active - Item is in your possession and available for sale.
• Sold - Item has been sold. Payout needs to be calculated and sent.
• Paid - Consignor has been paid their portion.
• Returned - Item was returned to the consignor unsold.

Setting Pricing Terms

Agreed List Price

This is the price you and the consignor agree to list the card at. It's the target sale price you'll aim for.

Minimum Acceptable Price

The floor price you can accept without needing to contact the consignor for approval. If a buyer offers below this amount, you'll need to check with the consignor before accepting.

Recording Sales and Calculating Payouts

When a consigned item sells:

1. The system records the actual sale price.
2. Your commission is calculated automatically based on the agreed rate.
3. The consignor's payout amount is displayed (sale price minus your commission).
4. You can see a clear breakdown: sale price > commission > payout.

Example

Card sells for $100, commission rate is 20%:

• Sale price: $100
• Your commission: $20
• Consignor payout: $80

Tracking Payout Dates

Once you pay a consignor, record it:

1. Open the sold consignment and click Mark Paid.
2. Enter the payment date and method (cash, check, Venmo, PayPal, etc.).
3. The status moves to "Paid" and the transaction is complete.

You can view all unpaid consignment sales to see exactly how much you owe and to whom.

Contract Management

For each consignor relationship, you can store the terms of your agreement:

• Commission structure - Flat rate, percentage, or tiered (e.g., 20% on first $500, 15% above).
• Duration - How long you'll hold the item before returning it unsold.
• Price reduction schedule - Whether you can lower the price over time (e.g., reduce 10% every 30 days).
• Notes - Any special terms or agreements.