Welcome to Resalepedia

An account balance is the total amount of money a consignor has earned from sales that haven't been paid out yet.

All sales final is a return window policy that eliminates the possibility of returns, exchanges, or refunds after a purchase is complete.

An antique mall is a multi-vendor retail space where independent dealers rent booths or display cases to sell antiques, vintage goods, and collectibles.

Booth rent is the fixed fee a vendor pays to occupy a space inside a vendor mall, antique mall, or flea market.

Buy outright is a resale model in which a store purchases inventory directly from sellers at the point of intake.

A card reader is a hardware device that accepts credit and debit card payments at the point of sale.

Centralized checkout is a setup used in vendor malls where all purchases are processed at a single point of sale.

The circular economy is an economic model built around keeping products and materials in use for as long as possible.

A clearance bin discount is a type of markdown that discounts items to a specific price.

Commission refers to the percentage of a sale that one party retains as compensation.

Consignment is a business model in which a store sells goods on behalf of a consignor.

A consignment period is the fixed window of time a store agrees to display and attempt to sell a consignor's items.

Consignment software is a management platform built for the operational needs of resale and consignment stores.

A consignor is a person who brings items to a consignment store to be sold on their behalf.

A consignor account is the record a store maintains for each person who brings items in to sell.

A consignor agreement is a contract between a consignment store and a consignor that spells out the terms of their relationship.

A consignor portal is a self-serve interface that gives consignors direct access to their own account information

A consignor portion is the amount a consignor receives when their item sells

A consignor split is the percentage of a sale price that a consignment store pays out to the consignor versus the percentage the store keeps as its commission.

Cost of goods sold (COGS) is an accounting metric that represents the direct costs a business incurs to acquire or produce the inventory it sells.

Days on shelf is the number of days an item has been on the sales floor.

A discount schedule is a manual or automated markdown plan that lowers an item’s price based on how long it has been on the sales floor.

Expiration terms are the conditions in a consignment agreement that define what happens to an item once the consignment period ends.

Fees are charges that a store may assess to consignors or vendors beyond the standard split or rent — covering specific services, costs, or administrative functions.

Gross margin is the difference between a store's revenue and the cost of the goods it sold, expressed as a percentage of revenue.

Hybrid resale is a broad term that refers to the combination of two or more inventory acquisition methods under one roof.

Intake is the process by which a resale store accepts, evaluates, and records incoming inventory from consignors or sellers.

Integrated card processing is a payment setup in which a store's card reader communicates directly with its POS software, allowing payment data to flow between the two systems automatically.

Labels are the physical or printed tags attached to inventory items that communicate key information to shoppers and staff.

Live selling is a sales format in which a seller broadcasts a live video stream and sells items in real time to viewers watching the broadcast.

Mixed-resale is an alternate term for hybrid resale — a store model that combines two or more inventory acquisition methods, such as consignment and buy outright, under one roof.

Non-integrated card processing is a payment setup in which a store's card reader operates independently from its POS software, requiring staff to manually enter transaction amounts on the terminal.

A payout is when a resale store transfers earnings to a consignor or supplier

A payout fee is a small charge deducted from a consignor's balance at the time of payout

A payout receipt is a record given to a consignor at the time of payment that documents what sold, what it sold for, and how much they're receiving.

A payout schedule is the policy that determines when and how a consignment store pays consignors for items that have sold.

A pickup window is the period of time a consignor has to retrieve their unsold items after their consignment term ends.

A point of sale (POS) is the system a store uses to process sales transactions.

A pop-up shop is a store that sets up in a space for a limited time.

A pricing guide is a reference tool that helps resale store staff assign consistent prices to incoming inventory based on factors like brand, category, and condition.

A pricing strategy is a store's overall approach to setting prices on secondhand inventory — the principles and goals that guide how items are priced, not just the specific numbers.

Resale is the sale of previously sold goods.

Resale as a Service (RaaS) is a business model in which a third-party company builds and manages a branded resale program on behalf of a larger brand or retailer.

A resale POS is a point of sale system built specifically for the operational needs of resale and consignment stores.

In the context of resale, retail refers to a store model in which the business purchases new goods from a manufacturer or wholesaler and sells them to customers at a marked-up price.

A return window is a store policy that defines whether customers can return purchased items and, if so, under what conditions and timeframe.

A sale receipt is the document given to a customer at the time of purchase confirming what they bought and what they paid.

Sales tax is a tax collected on the sale of certain goods or services.

Sell-through rate is the percentage of received inventory that actually sells within a given time period.

A start date is the date an item is listed for sale in your store.

Store credit is the balance of earnings a consignor has accumulated that they can spend in your store.

A store credit bonus is an incentive that makes store credit worth more than its cash equivalent.

A store portion is the percentage of a sale price a consignment store keeps as its share when a consignor's item sells.

Store-owned inventory is merchandise the store has purchased outright and owns fully.

Thermal printing is a printing method that uses heat instead of ink or toner to produce an image.

A thrift store is a resale store that sells secondhand goods sourced primarily through donations.

A tiered consignor split is a consignor split structure where the percentage a consignor earns changes based on the sale price of an item.

Turnover ratio is a metric that measures how quickly a store sells through its inventory over a given period.

A unified point of sale is a point of sale system that can process items from multiple vendors or accounts in a single sale.

A vendor is a seller who rents booth or shelf space inside a vendor mall or antique mall.

A vendor agreement is a contract between a vendor mall and an individual vendor that spells out the terms of their arrangement.

A vendor mall is a space that rents booths or individual displays to independent vendors.

A Zebra printer is a thermal label printer made by Zebra Technologies.