Consignment
How it works
The consignee will bring in a unit for us to sell on their behalf. The Mac Market acts as a go-between from seller to buyer, and the unit always remains the property of the consignee.
The consignee must also submit all personal information and multiple forms of identity to ensure that at no time whatsoever is the unit stolen or improperly acquired.
We then put the unit through a very thorough technical bench test to ensure everything is in working order. If there is a problem with the machine, the consignee must fix or replace any defective or suspect parts before it goes up for sale.
How much does the consignee receive?
A selling price is set and does not change unless market conditions dictate. The Mac Market takes 20% of the total sale price, up to a maximum of $300. Here are some examples:
Selling price: $495
Consignment fee: $495 x 20% = $99
Consignee receives: $495 - $99 = $396
Selling price: $1195
Consignment fee: $1195 x 20% = $239
Consignee receives: $1195 - $239 = $956
Selling price: $1850
Consignment fee: $1850 x 20% =
Consignee receives: $1850 - $300 = $1550
When does the consignee get paid?
The consignee is entitled to be paid on the fourth working day after the sale of their unit. Payment is by cheque.
Trade
Typically, The Mac Market will give approximately half the selling price of a unit's value in trade. This may be less or more, depending on the unit and it's value. Payment is by cheque.
Trading has its advantage in that the money is paid out immediately. Consignment has its advantage in that the consignee receives more money for their unit.