Consignment bank is an intermediary agency for consignment of goods, which is responsible for accepting consignment business entrusted by the owner and selling it on behalf of both parties through signing relevant service agreements. Simply put, after the customer takes the idle luxury goods to the consignment bank, the appraiser evaluates the luxury goods. According to the old and new degree of luxury goods, the two parties give a reasonable price after consultation, and the customer entrusts the consignment bank to consign luxury goods. After the luxury goods are sold, the consignment bank will charge a certain handling fee according to the regulations, and the rest will be paid to the customer. The consignment bank only helps customers consign products.

Consignment banks originally belonged to industries specially approved by the Administration, but now they belong to special industries such as hotels and printing. With the needs of social development, the state's supervision of the consignment industry has been relatively loose. Consignment banks do not belong to pawn shops. Pawnshops are formal non-bank financial institutions that specialize in issuing loans.

The essential difference between consignment and pawn: consignment means that the owner entrusts the consignment bank to sell the goods on his behalf, and both parties sign relevant service agreements. According to the agreement, the consignment bank has no ownership of the goods, only the management right of the goods during the consignment period, that is, the ownership of the goods has not been transferred. The consignment bank only charges a certain service fee after the goods are sold. No buyouts, no on-site loans.

Pawn: The owner mortgages the goods to the pawnshop and gets a certain amount of pawn money on the spot. During the pawn period, the ownership and management of the goods were transferred from the original owner to the pawn shop.