Expectations for Success in Micro-Retail
Business Payment Timeline
Once a consignment opportunity has been filled, there is a payment processing period of 7 to 10 days. This time period exists because Kickfurther receives buyer capital from various sources to send to businesses. These sources include, but are not limited to, credit cards, and ACH payments. Each of these sources vary in processing times, which is why Kickfurther requires a processing period of 7 to 10 days.
Buyer Payment Timeline
Once a Consignment Opportunity has been filled, there is a lead time wherein businesses are waiting for the inventory to be produced and delivered. When the lead time expires and businesses have received the inventory, the business and the buyers begin selling the inventory. At the end of each thirty days, businesses are required to provide an inventory update and pay for any consignment inventory that has been sold by the business or buyers. Your share of the payout is calculated based on what percent of the total consignment you own. Explore some business profiles for examples - make sure to check out the payout history graphs on the profiles too.