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Ricochet Consignment Software Review

Ricochet Consignment Software
Our score: 7.6 User satisfaction: N/A

What is Ricochet Consignment Software?

Ricochet Consignment Software is a cloud-based point-of-sale platform that looks to serve consignment shops and thrift businesses of all sizes. User-friendly, robust, and efficient; the software helps users run their stores smoothly, increase efficiency and productivity; and manage consignors, vendors, and customers quickly.

The POS software includes features such as the capability to quickly search for items through the use of tags, track payouts for consignors, add items to inventory and filter them, apply discounts and tax rates, and view the sales performance of employees. Furthermore, it allows consignors to check their inventory and add their own items. If there are pending payouts from consignees, they will also be able to view it. Last but not the least, Ricochet Consignment Software enables users to easily set commission splits.

Overview of Ricochet Consignment Software Benefits

Ricochet improves the relationship between consignors or vendors and consignees or distributors. Thus, they will be able to cooperate and work with each other in ways that will benefit both of them.

This can be observed in the inventory management feature of the software. This feature allows  consignors, vendors,  and consignees to control and update their inventory. To understand how this feature works, users should know the types of inventory that they can manage using the software.

There are two types of inventory used in Ricochet: consigned inventory and store owned inventory. Consigned inventory includes the items or goods that are owned by a consignor or vendor, and they are sold by the consignee through his or her online store. On the other hand, a store owned inventory is composed of wholesale or retail items owned by a consignee who is running a consignment shop or retail store.  

Thus, in managing consigned inventory, the software allows consignors to add items to their consigned inventory. This is because they are provided with accounts from which they will be able to view a list of their consigned items that their consignees are selling and that are sold.

As they add new items to their consigned inventory, they will be able to select the categories for those items, enter descriptions like brand names or sizes, set their prices, input the costs or amounts they will receive when they are sold, and select the applicable commission splits they and their consignees have agreed upon. In addition, consignors will also be able to instantly apply tax rates and expirations to their items, as well as, set the listing duration of posted items online before discounts are applied to them.

Interestingly, all of these can also be done by the consignees. Thus, consignees will be able to add new items to consigned inventory and make updates. Moreover, consignees are provided with the option to select which items from the consigned inventory they will post on their online store.

Another feature of Ricochet is its customizable payout functionality. With this feature, consignees will be able to quickly pay the consignors their share of the proceeds from the sales.

In preparing payouts, the consignee will be able to view the consignor’s store credit. This is actually the amount of money that the consignee owes to his or her consignor or vendor. The consignee can deduct funds from the consignor’s credit, and can also add funds to it. For instance, dry cleaning fees can be deducted; and the software will automatically deduct such fees from the consignor’s credit balance.

In addition, Ricochet enables users to view an itemized list of the items they need to send payouts for. From this list, they will be able to check items that they want to include in the consignor’s payout report before they send or post a payout.

Also, if they committed a mistake such as when an item is sold with the wrong commission split, they will be able to correct it easily. They just need to select this item from the inventory field within the consignor’s account. Once they set the correct split, the due amount will be automatically adjusted.

Finally, consignees will also be able to send multiple payouts. This means they can send payouts to all of their consignors on a specific date. Their consignors will also be able to see which items in their inventory are sold but with pending payouts.

Overview of Ricochet Consignment Software Features

  • Consigned Inventory
  • Quickly Add Items
  • Add Categories
  • Consignor Accounts
  • Vendor Accounts
  • Add and Edit Consignor Accounts
  • Vendor Accounts
  • Inventory Filtering
  • Auto-Discount/Expiration
  • Send and Track Individual Payouts
  • Send and Track Global Payouts
  • Create Item Fees
  • Multiple Tax Rates
  • Add Instore Locations To Items
  • Set Commission Splits
  • Print Labels
  • Print Checks
  • Track Sales Data
  • End of Day Reporting
  • Lookup Receipts
  • Item Aging Report
  • Manual sale items without having pre-inventoried
  • Employee Sales
  • Store Owned Items and Inventory
  • Sell Inventory
  • Account Control
  • Add Customers to Sales

Ricochet Consignment Software Position In Our Categories

Knowing that businesses have distinctive business-related wants, it is only reasonable that they abstain from preferring an all-in-one, ”best” software. Nonetheless, it is difficult to try to pinpoint such a software solution even among popular software systems. The better step to do is to set down the different critical aspects that require investigation like key features, budget, skill aptitude of the users, company size, etc. The second step is, you should conduct the product research thoroughly. Go over these Ricochet Consignment Software evaluations and explore each of the software systems in your list in detail. Such detailed product research guarantees you weed out unfit software solutions and subscribe to the system that has all the function you require company requires.

Position of Ricochet Consignment Software in our main categories:

TOP 100

Ricochet Consignment Software is one of the top 100 Construction Management Software products

If you are considering Ricochet Consignment Software it may also be beneficial to investigate other subcategories of Construction Management Software gathered in our base of B2B software reviews.

It is essential to keep in mind that virtually no software in the Construction Management Software category is going to be a perfect solution that can fulfill all the requirements of different company types, sizes and industries. It may be a good idea to read a few Ricochet Consignment Software Construction Management Software reviews first as certain solutions can dominate only in a really small group of applications or be designed with a really specific type of industry in mind. Others might work with an intention of being simple and intuitive and consequently lack advanced features welcomed by more experienced users. There are also solutions that focus on a wide group of customers and provide a rich feature base, however that usually comes at a more significant cost of such a solution. Ensure you're aware of your requirements so that you pick a solution that provides exactly the features you look for.

How Much Does Ricochet Consignment Software Cost?

Ricochet Consignment Software Pricing Plans:

Free Trial

Ricochet Main Application

$109/mo.

Webstore Add-On

$39/mo.

Ricochet offers two SMB and enterprising pricing plans for businesses of all sizes. On top of that, you can also add a full eCommerce website to the main application or software. Give the details a look, and select the best plan for your store:

Ricochet Main Application (Monthly and Annual Subscription Plans)

  • $109/mo.
  • $999/yr.
  • Unlimited Devices
  • Unlimited DATA
  • FREE Setup w/Implementer
  • FREE Customer Support
  • Free Consignor/Vendor Login
  • Automatic Updates
  • New Features Always Being Added
  • Integrated Credit/Debit Processing Available

Webstore Add-On

  • $39/mo.
  • $399/yr.
  • $99 – Basic Setup
  • $299 – Premium Setup
  • Full Customizable Website
  • Real-Time Sales, No-Syncing
  • Choose What Sells Online
  • Use Your Domain Name
  • Integrated Credit/Debit Processing

User Satisfaction

Positive Social Media Mentions 0
Negative Social Media Mentions 0

We realize that when you make a decision to buy Construction Management Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Ricochet Consignment Software reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Ricochet Consignment Software. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Video

Technical details

Devices Supported

  • Windows
  • Linux
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
  • Windows Mobile

Deployment

  • Cloud Hosted
  • On Premise
  • Open API

Language Support

  • English

Pricing Model

  • Monthly payment
  • Annual Subscription

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are Ricochet Consignment Software pricing details?

Ricochet Consignment Software Pricing Plans:

Free Trial

Ricochet Main Application

$109/mo.

Webstore Add-On

$39/mo.

Ricochet offers two SMB and enterprising pricing plans for businesses of all sizes. On top of that, you can also add a full eCommerce website to the main application or software. Give the details a look, and select the best plan for your store:

Ricochet Main Application (Monthly and Annual Subscription Plans)

  • $109/mo.
  • $999/yr.
  • Unlimited Devices
  • Unlimited DATA
  • FREE Setup w/Implementer
  • FREE Customer Support
  • Free Consignor/Vendor Login
  • Automatic Updates
  • New Features Always Being Added
  • Integrated Credit/Debit Processing Available

Webstore Add-On

  • $39/mo.
  • $399/yr.
  • $99 – Basic Setup
  • $299 – Premium Setup
  • Full Customizable Website
  • Real-Time Sales, No-Syncing
  • Choose What Sells Online
  • Use Your Domain Name
  • Integrated Credit/Debit Processing

What integrations are available for Ricochet Consignment Software?

Ricochet supports the following POS hardware integrations:

  • DYMO Label Printer
  • DYMO Labels
  • Hang Tags
  • Star TSP LAN or USB Printer
  • USB Scan Gun
  • Cash Drawer
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Reviewed By Nestor Gilbert
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