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What is the difference between consignment and buyback?

Buyback consignment
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What is the difference between consignment and buyback?

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With consignment, you set the price for each book and leave it with the Used Book Store (UBS) to be sold. You will receive the money for the book(s), if sold, later on in the year (we need time to have your books on the shelves – giving us time to sell the books in the store) With Buyback, you receive cash immediately for the books. The UBS provides this service on behalf of a wholesaler (Budgetext). They provide us with a buying guide and software, which includes guidelines as to what books we can payout cash for immediately. Note> this is a wholesale company, so generally, students make more money selling books through consignment, however immediate cash is an option (pending each individuals circumstance). Not all books are listed in the buying guide – depending on the market and demand for certain texts. **Often times, students opt to do some of both – again, its an individual choice. There is no charge for books that do not sell, the student is given a choice to come back and pick

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