Consignment Sale

Last Updated: Jun 6, 2019

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A Consignment Sale is a form of trade of merchandise from seller to an ultimate buyer through a non-ownership platform (e.g., reseller, store, website, etc.), whereby the platform receives a fee or pre-arranged sale amount for facilitating the transaction or selling the merchandise. If the product is not sold through the platform, it can be retrieved by the seller as the product is never owned by the platform.