Collect Rent from Vendors

SimpleConsign’s platform allows mall or booth management companies to easily collect and manage rent payments.

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Why is rent collection critical for vendor malls and booth malls?

Rent collection is the primary source of revenue for vendor malls and booth malls. This can also be true for flea markets, retail marketplaces, and other resale marketplaces that own or manage real estate and then rent blocks or units of that space to a dealer, vendor, or consignor to merchandise.

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FAQ

How does rent collection work with SimpleConsign?

Monthly fees can be set for each vendor to incorporate their rent charge and any additional charges.

How do vendor malls pay their vendors?

Vendor malls pay their vendors for sales revenue, minus any checkout or consignment fees. Payments can be made using various methods like Direct Deposit (ACH), checks, cash, or store credit. This helps vendors receive their earnings smoothly without having to go onsite.