Settings for Consignments
Please Note: You will not see the Consignments tab under POS Settings unless you have the beta feature of Consignments enabled in the system. To learn more about Consignments, please click here.
You can get to this part of the system by clicking on the Gear-Shaped Button on the far right side of the blue Admin Toolbar and then clicking on Settings > POS Settings > Consignments.
You are able to specify your Default Payment Method you use to pay your consignment sellers. You can choose from Store Credit, Till (cash or check), Venmo, or PayPal.
If you wish to have limited-durations on your consignment contracts, you can do so by turning Contract Expiration ON and then setting the Default Length in days you want contracts to run.
For the different payout types, you can set different default percentages for Payout Defaults, for example if you want to offer a larger percentage payout for Store Credit over other types, as pictured above.
If you want to set up an automated discount on items, you can turn Discount Item ON and then set the number of Days After the contract starts that the discount would trigger, and the Discount Percent you want to offer.
You will also need to set up your Contract Template(s), if you plan to use the system-generated contracts. Click on Configure to to see the setup panel, as pictured below:
You can paste text for a contract in here, adjust terms to fit a specific contract type, and save the template. You can also use the standard automated data fields, as pictured above in red, to auto-fill items into the contract by pulling them from the Customer data. Save as many templates as you need!
If you prefer to upload pre-printed contracts at signing, the system can facilitate that as well.
Please Note: For the automated data fields in red, many more will be added in the near future.
For contracts that expire and for which the consignment seller does not reclaim the item(s), you are able to Convert Consignment Inventory to Store Inventory by turning the setting ON and setting the number of Days after the contract expires for the inventory to convert over to the store.
Be sure to Save your settings once you are finished configuring your Consignments!