Collection: Consignment

Consignment is an arrangement between a reseller (consignee) and their supplier (consignor), that allows the reseller to pay for their products after the products have been sold. To start, the supplier sends the reseller some products without collecting any payment for them, and the reseller puts them up for sale in their store. Even though the products are at the reselling business, the supplier retains ownership of them until they are sold. The reseller eventually pays the supplier for the products they’ve sold and returns the products they haven’t.