Consignment Agreement
Consignment Agreement
The terms under which Rippex Card Vault accepts, markets and sells consigned trading cards and collectibles.
1.Definitions
For this Agreement:
- Rippex means Rippex Card Vault Ltd.
- Consignor means the person or business submitting items for consignment.
- Consigned Item(s) means any trading cards, collectibles or related products accepted by Rippex.
- Sale Price means the gross amount paid by the buyer before deductions.
- Card Sale Price means the amount the card itself sold for, excluding postage and any buyer-side marketplace or platform fees. The Rippex Fee is charged on the Card Sale Price only.
- Third-Party Costs means marketplace fees, payment processing fees, currency conversion fees, shipping, insurance, customs duties and any reasonable costs directly attributable to completing the sale.
- Cleared Funds means funds fully received by Rippex and no longer subject to reversal by the payer or payment provider.
2.Appointment
The Consignor appoints Rippex as a non-exclusive sales agent to market and sell the Consigned Items.
Ownership remains with the Consignor until legal title passes to the purchaser. Nothing in this Agreement transfers ownership of the Consigned Items to Rippex.
3.Ownership and Authority
The Consignor confirms they are the legal owner of the Consigned Items, or have authority to consign them.
Rippex may refuse any item where ownership or authenticity cannot reasonably be established.
4.Authenticity
The Consignor confirms all information supplied is accurate and that, to the best of their knowledge, submitted items are genuine.
Rippex reserves the right to refuse, return or withdraw from sale any item believed to be counterfeit, altered, misrepresented or otherwise unsuitable.
5.Shipping and Receipt
The Consignor is responsible for securely packaging items and arranging appropriate shipping.
Risk remains with the Consignor until Rippex physically receives and accepts the shipment. Submitting a consignment form does not constitute confirmation of receipt.
Rippex will issue a receipt confirmation following inspection.
6.Inventory Verification
Quick Consign submissions act as shipment notifications only. Detailed Consign submissions assist identification but do not replace Rippex's own inventory verification.
The Consignor should retain photographs, shipping evidence and inventory records until Rippex confirms the received inventory.
7.Selling Authority
Rippex may market items through approved channels including Card Hobby, eBay, Whatnot, Fanatics, Goldin, Alt, direct sales or other suitable marketplaces.
Unless a specific minimum is agreed with the Consignor in writing, items are listed at auction starting from £1 with no reserve. For higher-value items, an estimated value, reserve or pricing approach is agreed with the Consignor directly before listing. Where a minimum has been agreed, Rippex will not knowingly sell below that amount without the Consignor's approval. The final selling route and pricing are confirmed with the Consignor once the consignment has been received and processed.
8.Seller Conduct
The Consignor must not bid on, purchase, or otherwise attempt to artificially influence the sale price or outcome of their own Consigned Items, whether directly or through another person acting on their behalf. This includes shill bidding of any kind, which also breaches marketplace rules and may be unlawful.
Any such activity is a material breach of this Agreement. Rippex may cancel the consignment, end affected listings, withhold proceeds related to the affected transaction, and recover from the Consignor any costs, fees or losses incurred as a result.
9.Fees
Rippex charges:
- 10% of the Card Sale Price for individual items sold below £1,000.
- 7% of the Card Sale Price for individual items sold at £1,000 or above.
The Rippex fee is subject to a minimum of £2.50 per card, applied where the percentage fee would otherwise come to less. Rippex does not charge its fee on postage, or on buyer-side marketplace or platform fees.
10.Third-Party Costs
Third-party marketplace, payment processing, currency conversion, shipping, insurance, and other external fees are deducted at cost from sale proceeds.
Rippex will not apply any hidden markup to these costs.
11.Payouts
Payouts are calculated as: Card Sale Price, plus any postage charged to the buyer, less the Rippex Fee, less Third-Party Costs, equals Final Payout.
Rippex will normally issue payout within five working days after cleared funds have been received. Written confirmation showing the sale price, the deductions applied and the amount paid accompanies every payout.
12.Buyer Returns and Chargebacks
Until the Consignor’s payout has been made, buyer disputes, refunds or chargebacks may affect the proceeds from that sale.
Once the Consignor's payout has been made it is final. If a buyer subsequently returns the item, the returned item becomes the property of Rippex and the Consignor keeps their payout.
13.Unsold Items
Unsold items may be returned upon request. Return shipping costs are the responsibility of the Consignor unless otherwise agreed.
Rippex may charge reasonable storage fees where items remain uncollected after reasonable notice.
The mechanics of returns and collections are set out in the Return & Collection Policy.
14.Offers to Buy Your Items
Rippex may, at any time, offer to buy any of your consigned items outright rather than continue selling them on your behalf. Each offer states a price for each item and how long it is open for.
You are under no obligation to accept. You may accept an offer on some items and decline it on others, or decline it entirely, and declining has no effect of any kind on your consignment: those items continue to be sold on your behalf under these Terms, at the same fee and at the same stage, with nothing recorded against you.
Where you accept, the items you sold come off your consignment on the day Rippex pays you. No consignment fee is charged on them, because they were not sold on your behalf. Ownership of those items passes to Rippex when payment is sent and not before.
While an offer is open, Rippex holds the items it covers rather than listing them, so that an item cannot be sold on your behalf and bought by Rippex at the same time. If you decline, or the offer closes unanswered, they return immediately to the stage they were at.
Offers to buy are governed by the QuickOffer™ Terms, which apply to the purchase itself; these Terms continue to govern everything that remains on consignment.
15.Care of Items
Rippex will exercise reasonable care while items remain in its possession.
Subject to applicable law, Rippex's liability for loss or damage while items are in its custody shall not exceed the item's proven fair market value.
16.Limitation of Liability
Rippex shall not be liable for indirect, consequential or economic losses, market fluctuations, grading outcomes or events beyond its reasonable control except where liability cannot lawfully be excluded.
17.Data Protection
Rippex processes personal information in accordance with its Privacy Notice and applicable UK data protection legislation.
18.Electronic Signature
Typing a name and submitting the online consignment form constitutes an electronic signature.
Rippex records the accepted terms version, submission timestamp and related audit information.
19.Amendments
Rippex may update these terms from time to time. The version accepted at the time of submission will apply to that consignment unless otherwise agreed.
20.Governing Law
This Agreement is governed by the laws of England and Wales. Any dispute shall be subject to the exclusive jurisdiction of the courts of England and Wales.
Contact
Rippex Card Vault Ltd
Registered in England and Wales, Company No. 16884256
VAT No. GB508441110
Registered office: 19 Orchard Street, Weston-Super-Mare, BS23 1RG
Consignments & correspondence: 25 Trussell Road, Bracknell, RG42 6DS
Website: rippex.co.uk
Email: support@rippex.co.uk