No, RetailRockIT is entirely interest-free. Our consignments are priced upfront on a per-unit basis, allowing you to know exactly how much each unit costs from the outset.
Do you charge interest?
Absolutely. RetailRockIT is demand-driven, allowing us to assist with consignments from as little as R1,000.
My e-commerce business is very small, do I still qualify for RetailRockIT?
When you use RetailRockIT, you multiply the working capital employed in your business, enabling exponential growth without the burdens associated with loans.
What are the benefits of using RetailRockIT?
Consignment stock is stock in your possession that you only pay for as you sell it.
What is consignment stock?
With consignment stock, you don’t need cash up front to buy stock from your supplier and, because you only pay for an item of consignment stock when you’ve sold it to a customer, you are able to match your income with your expenses, reducing the amount of working capital you need to run your business.
What are the benefits of consignment stock?
With consignment stock, the obligation to pay for the stock only arises when that stock is sold to customers, so if there are no sales, there are no payments. With stock on credit, you usually get a certain number of days to pay for the stock that has been delivered, whether you’ve sold it or not.
What is the difference between consignment stock and purchasing stock on credit?
We eliminate the guesswork, helping you plan ahead and stock optimally to ensure you never miss a sale again.
How does RockIT-Science work?
Yes. RetailRockIT’s consignments are demand-driven, which means on demand growth keeping up with the needs of your business.
Will RetailRockIT remain with me as my business grows?
Because we are 100% liability free, we are also 100% interest free. Interest free means loan free. Fuel Your FREEDOM not your burdens.