Never be uncomfortable with the idea of added fees. This field is for validation purposes and should be left unchanged. Multiple terminals are allowed in this location and occasional pop up sales are also permitted off site with prior Traxia approval. If you choose to use buyer fees, AIMsi automatically adds the fee onto the price when you create inventory tags. I hate the term buyers fee, and I have it worded as a processing fee in my consignment contract. Another location is defined by the following: Make sure they understand clearly who is responsible for paying the fees. A Consignor Access Fee is charged the last day of the month to all consignors that have had at least one item on consignment for that month. If you want your item price, with buyer fees, to always end in a certain number, such as 9, add (or subtract) the appropriate number here based on your value in the Round To box. Purchasing Fee. You determine the fee and with SimpleConsign, you also determine how much information you want the consignor to see in their account. For example, if your price for a shirt is $5.00 and the category of the shirt has a buyer fee of $0.50, the price on the inventory tag is $5.50 and the price the buyer pays is $5.50. Dubuque, IA 52003-8963Tel (563) 556-3556Fax (563) 556-0405, establish additional fees you want buyers to pay for consigned items. Enter the lowest and highest prices at which you want to apply buyer fees to items in this category.
Let’s say you want to add a $0.50 fee to every item sold in your shop. This is earned and paid to the consignment dealer only when your vehicle sells. Click it to view a full-size image. Displays the category number set up for buyer fees. A new item is entered into the system and tagged for $20. We have only had this fee for about 5 months now, and honestly we have gotten asked about it twice, maybe three times, and not ever (knock on wood) by a customer. The fee you don't split with your consignors, and it has many names. My fee is .99 that is tacked on… Buyer’s Premium is Consistent. © 2020 Traxia. If your shop has a 50-50 split, the consignor would receive $48.50 and the shop would receive $48.50.
Add a line to your contract stating how the consignment fees will be added or subtracted from a consignor’s account. Consignment Buyer Fees window Purpose. Shops no longer need to “eat” credit card processing fees simply because it’s the “price of doing business.” SimpleConsign especially wants to help our customers recover some of these costs.
Auntie Kate, in her book Too Good To Be Threw writes, “Do not delineate exactly what amount this fee is, so you have the flexibility of raising or lowering it in the future.
The fee will be deducted from a consignor’s account when it’s time to send the payout check. For example, if you want to round to the nearest dollar, enter 1.00 here.
Just remember that if it doesn’t work you can always go back to how you were pricing things. You must enter a buyer fee or a buyer fee percentage, but not both. They can be set at the category level, on this window, and can be overridden as you enter inventory. Available categories are created on the Inventory Categories window. AIMsi will calculate the price as follows. Change ), You are commenting using your Twitter account. This fee is added on and paid by the customer at the time of sale.
This is the price list the consignor will receive if they request a list. It’s easiest to say something general like ‘It ranges from fifty cents to five dollars depending on the price, but mostly it’s fifty cents or a dollar.'”. If you want to apply a certain dollar amount to items in this category, such as $0.25, enter that value here. Displays the ending (highest) price entered for the buyer fee price range. We went from $15 to $15.99, and I think it has helped us sell more items as well. All rights Reserved.
Let’s face it, overhead is costly. Use the data we've entered into a test store or add your own and see just how easy it is to use SimpleConsign! Consignors have the privilege of selling their items in your shop vs. having strangers trudge through their homes. Consignment & Purchase maintenance functions. Your business belongs to you, not your consignors or customers. Purchasing Fee. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account.
Unlike the Buyer’s Fee however, an Item Fee is taken off the consignor split. For example, if you want to add 10% to an item's price for buyer fees, enter 0.10. Only items with a selling price between $1.00 and $1,000.00 will include buyer fees. This is something I personally struggled with adding to my contract. SimpleConsign is priced on a per location pricing model. When you are printing and mailing individual checks to consignors, you can easily spend $0.50 to $1.55 depending on the number of consignors you pay out. It’s the little things that add up. A customer makes a purchase of $100 and uses their credit card to pay. Proprietary to Tri-Technical Systems â Subject to Confidentiality AgreementAIMsi, Active-e, and PC>Poll are the intellectual property of Tri-Technical Systems. 2 - Commission fee. Change ), You are commenting using your Facebook account. Click this button to add buyer fees for a category. Complete one of the following to access this window.
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