Sales in Ragpiq are classified as either Self-List Sales or Consignment (User) Sales. The key difference:
- Self-List Sales are fully automated and require no payouts to others.
- User Sales require you, the reseller, to process payouts to the consignor.
Self-List Sales
- Auto-complete: No manual intervention needed.
- No commission fees: You retain 100% of the sale.
- Based on listing tokens: Uses your self-list token balance.
User (Consignment) Sales
- Attached to the commission rate agreed upon with the user during onboarding.
- All consignor sales incur a platform fee.
- Payout responsibility: the consignor's share of every sale sits pending until you settle it. There is no fixed payout schedule; see how payouts work for the full picture including instant payout and store credit.
- Service standards: Ragpiq monitors payout timelines; repeated delays can result in suspension from the platform.
Ways a Sale Can Occur in Ragpiq
- Website Sales
- Items listed on Ragpiq are published to the marketplace.
- The buyer's payment lands in your Stripe account automatically; the consignor's share stays pending until you settle it.
- Sync Sales
- Captured via the automation tool from connected marketplaces.
- Payouts are made from your allocated card directly to the user.
- POS Sales
- Through Ragpiq’s mobile POS system.
- The buyer's payment lands in your Stripe account automatically; the consignor's share stays pending until you settle it.
- Manual Sales
- Select items and enter a sale price.
- Ragpiq calculates commission and payouts owed to the user.
- Payouts are processed from your allocated card.
Sale Receipts
Every sale generates a detailed receipt showing:
- Sale price
- Commission breakdown
- Platform fee
- Payout amount to the user
Payouts and Settlement
- Consignor payouts have no fixed schedule: each sale sits pending until you settle it. Full detail in how payouts work.
- Funds you earn go to your Stripe business account; Stripe typically settles your own balance to your bank within 2-3 days.
- Choose automatic or manual payouts from Stripe to your bank.
Disputes
If a dispute escalates between you and a user, Ragpiq will mediate.
- Ragpiq assumes no liability for losses or damages between reseller and user.