ACH payouts

ConsignR’s ACH payouts move money from “owed” to “in the bank” — securely, transparently, and at scale. Consignors or vendors link their bank once, and your team can send payouts straight to their accounts with clear statuses, audit trails, and automatic reconciliation.

Built into your consignment flow, ACH Payouts eliminate manual spreadsheets, reduce errors, and keep everyone aligned on what’s paid and what’s pending.

Key capabilities

• Secure bank linking: Consignors connect accounts through a trusted flow; details are tokenized and never exposed to staff.

• Direct-to-bank transfers: Send payouts via ACH with clear processing states (queued, processing, paid, returned).

• Automatic reconciliation: When a transfer settles, consignor balances and payout histories update automatically.

• Returns & retries: Handle failures (incorrect details, NSF, closed accounts) with alerts, reasons, and guided retries.

• Rules & schedules: Set payout frequency, thresholds, and minimums to match your store policy.

• Itemized statements: Every payout includes line items, fees, and net totals for full transparency in the portal.

• Batch-ready: Approve payouts one-by-one or in bulk; track progress from a single dashboard.

• Exports for accounting: Download summaries and detail for bookkeeping or external reporting.

• End-to-end audit trail: Every approval, edit, and transfer is logged for compliance and accountability.

How it helps

ACH payouts make paying consignors routine instead of risky. Funds move securely, records stay accurate, and your team spends minutes — not hours — closing the loop after items sell. Consignors see exactly what they’re getting and when, building trust with every payout.