There are 2 transaction types available through RapNet: Sale and Memo. [also known as consignment]

  1. Sale Transaction:

    1. This means payment before delivery

    2. Both parties agree on payment terms and a time frame

  2. Memo transaction:

    1. The buyer receives the goods for a stipulated number of business days and only pays if the sale goes through

    2. Usually there is a potential end buyer and suppliers are not obligated to offer this payment option

    3. In some regions, memo is also also known as consignment

With either transaction, both parties negotiate but it’s usually the seller who sets the terms.

  • Always clarify the pick-up location, shipping costs, and who bears these charges.

  • Finalize any returns policy in the event that that you don’t sell the diamond or jewelry item.

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