Pay Your Consignors and Dealers with SimpleACH

Earn loyalty from your suppliers when you take the work out of getting paid. 

Resale ACH Payment
primary_icon Vendor Fees

Had I known they paid by check before I dropped off my items, I would never have consigned with them. Needless to say, I won’t be consigning with them again.

- Hadley Q, consignor

100% of the time I will pick a consignment store that pays me directly over a store that pays by check.

- Lizzie B, consignor

What is SimpleACH?

SimpleACH is SimpleConsign’s product that facilitates ACH payments between stores and consignors, vendors, and dealers. The setup is simple - stores enable ACH payments from their SimpleConsign account, and then individual consignors, vendors, and dealers set up their ACH banking details securely in Consignor Access (SimpleConsign’s consignor and vendor management portal). Paying consignors with ACH is a more efficient, secure, and cost-effective way to manage your liabilities. 

Get the most out of SimpleACH

Keep up with your consignors

A recent survey of consignors found that consignors are more likely to choose consignment stores that pay via ACH or direct deposit.

3X

More likely to choose to consign

5X

More likely to become repeat consignors

SimpleACH is easy to set up

SimpleACH is easy to set up

SimpleACH Payment
Consignor and vendor management ACH Payout
ACH Payment
Payment
Set Up Your Store
In your store’s SimpleConsign account, securely add banking details for your store.  SimpleACH Payment
Enable Your Consignors to sign up for ACH
This means they will see an option to sign up for SimpleACH in Consignor Access.  Consignor and vendor management ACH Payout
Consignors Set Up
Consignors can then log in to consignor access to provide their banking information. ACH Payment
Start Paying Via ACH
Once approved, start paying your consignors via ACH. Payment

Experience the simplicity of SimpleACH consignor payouts today!

Explore our 15-day free trial of SimpleConsign. Get in, get started, and run your business on all SimpleConsign has to offer.

FAQs

What is ACH?

ACH stands for Automated Clearing House, an electronic fund transfer made between banks and credit unions. ACH transfers enable various types of transactions, including direct deposit of payroll, payment of bills, business-to-business transactions, and person-to-person payments. Transactions processed through ACH are typically low-cost and efficient, offering an alternative to paper checks and wire transfers.

What does consignor payouts mean?

Consignor payouts is a term used to describe the methods for which you can pay your consignors. In the case of SimpleConsign, we offer store credit, direct ACH deposit, and checks.

What options are available to pay consignors and vendors from SimpleConsign?

We have a few flexible options to choose from! They include ACH and direct deposit, checks, and store credit. You can easily set payouts on an immediate or delayed basis. 

How do I get started with SimpleACH?

Take the first step by ensuring you have all the necessary documents and permissions in place. KYC, or "Know Your Customer," serves as a due diligence procedure financial institutions utilize to authenticate customer identities. Meeting KYC criteria entails supplying evidence of identity and address, including ID card verification, facial recognition, and/or document verification. Common examples of KYC documents include passports or driver’s licenses.

How secure is SimpleACH?

ACH is how people make payments across all businesses from bank to bank so it is the commonly accepted secure way to transfer money via wire transfer. In some ways, ACH is safer than writing checks. You only need to enter your bank account information once in order to establish an ACH, whereas with paper checks you expose your bank information each time you write a new check. SimpleACH securely stores banking information within our partner's system. SimpleConsign enhances permissions within our system to restrict payout completion to approved users only. Editing of consignor bank accounts is exclusively accessible from the customer's end.

How long does it take for payments to be processed through SimpleACH?

SimpleACH can take 2-5 business days to appear in the consignor's bank account, depending on the bank. Payouts will not go out on holidays or weekends and must be submitted before 3:30 p.m. central time to meet the 2-5 business days deadline.



What types of payments can be processed through consignor payouts via direct deposit?

SimpleACH is our ACH payout integration. This allows consignors to receive their payouts directly into their bank accounts after completing the setup process with the associated store. 

Is there a minimum or maximum payout limit with SimpleACH?

Payouts can be made from as little as $5.01 and up to $10,000 per payout transaction. 

Can I offer direct deposit or incentives to keep payouts in store?

Yes! This is a common practice where stores add a small premium to consignors’ payables if they choose to take their payables as store credit.