Version: November 10, 2026. These terms apply when you consign key fobs with Lockdown Security. You accept them by ticking the box on our Sell or Consign form. Fobs already listed stay under the version you accepted.
You (the consignor) own the fobs you send us. Lockdown Security (the consignee) sells them on your behalf as your agent.
Your fobs remain yours until they sell, and ownership then passes directly to the buyer. You confirm that you own every fob you send, that you have the right to sell it, and that it is not stolen or subject to any lien. If that turns out to be untrue, you agree to cover any loss it causes Lockdown Security.
For lots of more than 5 fobs or over $500 in estimated value, we check photo ID. We record the type of ID, the name on it and its expiry date. We never record the ID number or keep a copy. We may refuse, hold or report any fob we have reason to believe is stolen.
Every fob is bench-tested on a matching module and graded Excellent, Good or Fair. A fob that fails any test is not listed. You choose whether we recycle it free of charge or return it at your cost. We send you an intake report with photos, the grade, the price and your share within 3 business days of receiving your fobs. You have 7 days from the report to question a grade. After that, the fob is listed.
We set the selling price based on grade and demand. If a fob hasn't sold after 60 days, we may lower its price by 10%, and by another 10% after 120 days. We will not go below 80% of the starting price without your agreement.
Your share depends on the fob's starting price when it is listed:
Your share is fixed when the fob is listed and does not go down if the price is later lowered. It is calculated on the selling price before sales tax and shipping. Discount codes used by the buyer come out of our share, not yours.
When several fobs of the same model and grade are in stock, including any we own, the one that has been listed longest ships first.
We pay on the 15th of each month for every fob whose release date passed in the previous month. The release date is 21 days after the fob ships to the buyer, which covers delivery and the buyer's return window. Balances under $25 roll over to the next month. You can be paid by Interac e-Transfer, by EFT for larger business payouts, or in store credit (a Lockdown gift card) worth 15% more. If you are an HST-registered business, contact us before your first payout.
If a buyer returns a fob unused and it still meets its grade, it goes back on sale in its original place in line, and no payout is due for that sale. If a fob fails after the sale, the buyer is refunded, no payout is due, and we tell you. You can then have it returned at your cost, or we recycle it free.
A cash offer is a separate option from consignment. It is a fixed price per model, shown on the fob's product page. It applies only to fobs that pass our test as Excellent or Good, and we pay it within 2 business days of testing. If a fob grades Fair, the cash offer does not apply, and you can consign it or have it returned at your cost.
Each fob is listed for 180 days. Around day 150, we email you four choices: keep it listed for another 90 days at 10% lower, sell it to us at the cash offer (if the model has one), have it returned at your cost, or release it to Lockdown Security. If we have not heard from you 30 days after the 180 days end, despite our emails, the fob is released to Lockdown Security.
You can withdraw any unsold fob at any time on 7 days' notice. You pay the return shipping. A fob already sold or on a paid order cannot be withdrawn.
We send a free prepaid shipping label for lots of 3 or more accepted fobs, or $150 or more in estimated sales. Otherwise, you ship with a tracked service or drop off at 155 McIntosh Drive, Unit 6, Markham, ON L3R 0N6. Fobs travelling on our label are our responsibility. Fobs you ship yourself are your responsibility until we receive them.
If a new shell, button pads or battery would raise a fob's grade, we will quote you first. We only do the work with your written agreement, and its cost comes out of the sale proceeds.
While your fobs are in our care, we are responsible for them. If one is lost or damaged, we pay you the share you would have received at the current price for its grade.
We collect your contact details, payout details and the ID check described above only to run this program and meet our legal obligations. See our Privacy Policy.
We may change these terms with 30 days' notice by email. Fobs already listed stay under the version you accepted.
These terms are governed by the laws of the Province of Ontario and the federal laws of Canada that apply there.
Questions? Call 1-866-824-4118 or email sales@lockdownsecurity.ca.
