New Payout Statements deliver added clarity for sellers

At Ritchie Bros., we know how important it is for our sellers to have clear, transparent information about their post-sale settlements.

That’s why we’re excited to introduce our new Payout Statement in the Digital Seller experience. The Payout Statement improves seller confidence and trust by clearly presenting payment status, method, timing, and destination, ensuring sellers know when and how they were paid.

Here’s how sellers will benefit:

• Updated design with a clearer, more intuitive layout
• Powered by Oracle payment data and built to reflect the actual payment sent to the seller
• More detailed breakdown of costs and deductions
• A dedicated section showing when, how, and where the payment was sent
• Support for Excel exports 

Simpler and more intuitive

The new Payout Statements align the payout total shown on the statement directly with the actual funds deposited to the seller’s account, eliminating any confusion caused by split contracts, or complex wire transfers.

Sellers will enjoy a simpler and more intuitive experience with a summary-first view that delivers a transparent breakdown of credits, commissions, deductions, and contract-specific costs. 

Start using Payout Statements today

The new Payouts Statements feature is now available for consignments in select events. Simply log in, head to your Selling > Payments > Payouts tab, and experience the difference for yourself.

Questions? We’re here to help. Contact us at 1-800-211-3983 or asksupport@ritchiebros.com.

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