Ricochet Consignment Software is a cloud-based point-of-sale (POS) and retail management platform built specifically for consignment and resale stores. It helps store owners manage consignor accounts, inventory, payouts, sales transactions, and online store operations from a single system.

The software combines POS, inventory tracking, ecommerce capabilities, and financial reporting so consignment businesses can streamline their daily operations and focus on growing their stores.

Key Features

Consignment POS System

Process sales quickly with features like manual item entry, discounts, multiple payment methods, layaway, and digital receipts.

Inventory Management

Track consigned and retail items, create product variants, print labels, and organize items with searchable inventory tools.

Consignor Account Management

Manage consignor profiles, track their items, and calculate commissions and payouts automatically.

Automated Consignor Payouts

Pay consignors through checks, store credit, or ACH payments while generating payout statements.

Reporting and Analytics

Monitor sales trends, profit margins, and consignor performance through reporting dashboards.

Integrated Ecommerce

Sell products online through Ricochet Web or integrate with ecommerce platforms like Shopify.

Barcode and Label Printing

Print product labels and use barcode scanning for efficient inventory tracking and checkout.

Consignor Portal and Mobile App

Sellers can log in to view their items, track sales, and manage their accounts using the Ricochet Go app.

Multi-Store Management

Manage multiple locations with centralized reporting and shared webstore capabilities.

Security Features

Includes cloud infrastructure and optional two-factor authentication for improved account protection.

See Also: HIC Global Solutions

Use Cases

• Consignment Clothing Stores Manage large volumes of unique items from multiple sellers and track commissions automatically.

• Thrift and Resale Shops Track inventory, process sales, and generate reports for second-hand retail operations.

• Furniture Consignment Stores Handle high-value items with clear consignor payout tracking and inventory records.

• Multi-Location Consignment Chains Manage inventory, sales, and reports across several store locations from one system.

• Online Resale Businesses Combine in-store POS with ecommerce tools to sell products online.

• Boutiques and Vintage Stores Organize unique products and maintain customer and consignor relationships efficiently.

Pros and Cons

Why Choose Ricochet Consignment

Ricochet Consignment is a strong choice for businesses that specialize in consignment or resale retail because it was designed specifically for that industry. Unlike general POS systems, Ricochet includes built-in tools for managing consignor relationships, calculating commissions, and tracking payouts automatically. This eliminates many manual processes that store owners typically manage with spreadsheets or multiple software tools.

The platform also combines inventory management, POS operations, and ecommerce capabilities into one unified system, making it easier for store owners to run both physical and online stores simultaneously.

Its cloud-based design allows staff and consignors to access important information from different devices, improving efficiency and transparency across the business.

Summary

Ricochet Consignment Software is a comprehensive retail management solution designed for consignment and resale businesses. It combines POS functionality, inventory tracking, consignor account management, and ecommerce tools into one cloud-based platform. With features like automated payouts, barcode scanning, and integrated online selling, the system helps store owners manage complex consignment workflows more efficiently.

Although some users mention limitations in reporting customization, Ricochet remains a popular option for resale and consignment stores that need a dedicated system tailored to their business model.