Yeah... I might be a little confused: Are you concerned about eating the "discount" fees for the credit card transactions? Or the discount offered on the gc value? Credit card discount fees are seriously low per transaction-- a $40 transaction shouldn't cost you more than a dollar, or there abouts. I'd go ahead and eat it. But you can also just go ahead and ring those sales up under your (the owner/salon) account, then, as they get redeemed you just pay out the tech who did the service. Basically, the customer would redeem the gc with the tech and then the tech would redeem the gc with you. Then you pay the tech the amount the gc sold for-- so if it was a $50 gc sold for $40, then you pay the tech the $40. Or pay the tech $39; the discounted value of the gc minus the cc fee that it cost you to sell the gc. The big issue here is to make sure that all the booth renters understand and agree to whatever method you opt for. And make sure you code the gc's in some way so you know which ones were sold at the discount, what the discount was, who collected the money and who paid the cc fees so everyone can get reimbursed appropriately when the gc gets redeemed.
Maggie Franklin: Owner & Artist, The Art of Nailz, Visalia CA "Visionary rebel dreamer; obviously way ahead of my time." Maggie Rants [and Raves]@Nails Magazine Facebook >________________________________ >From: Rhonda Kibuk <[email protected]> >To: [email protected] >Sent: Monday, October 24, 2011 6:13 AM >Subject: Re: NailTech:: Gift card question > > >In my opinion, in that case scenario, then the SALON should ring up the sale >and cover the CC fees. When the GC is redeemed, whoever it is redeemed with, >will turn in the GC to the salon, and the salon will reimburse them the value >of the GC, less the CC fees. So that tech will be eating the service >discount, whatever it was. Does that make sense? > > >Remember, GC Sales don't count as income and IS NOT YOUR MONEY until the >service is performed. If the GC is never redeemed, you most likely are not >allowed to keep the money. In most states, you have to turn it over to the >state as unclaimed property after a certain time period and they will work to >return the funds to the owner of the GC. Check the escheet laws in your state >to be sure. > > >R > > >On Mon, Oct 24, 2011 at 7:57 AM, Lauren Dodson <[email protected]> wrote: > >We do have our own cc accounts. If people buy from their own tech, it's not a >problem. If someone is buying that isn't a customer, where does the money go? >I don't want to eat the discount just because I'm the owner. For instance, if >a man comes in to buy a gift card for his wife that is not already a customer, >who's cc account do I ring it up under? Remember I wanted to offer a >discount. Whomever it gets rung up under absorbs the discount. >> >> >> >> >>________________________________ >>From: Pati <[email protected]> >>To: [email protected] >>Sent: Sunday, October 23, 2011 10:05 PM >> >>Subject: Re: NailTech:: Gift card question >> >> >> >>Cira, >>Are you all employees or booth renters? Lauren I would encourage everyone to >>have their own cc merchant accounts.... Square sounds like the way to go. >> >> >>Pati Schembari >> >> >>-----Original Message----- >>From: cira mench <[email protected]> >>To: nailtech <[email protected]> >>Sent: Sun, Oct 23, 2011 6:05 am >>Subject: Re: NailTech:: Gift card question >> >> >>that is a tuffy. maybe have them buy Services instead. that way the >>discount gets distributed between all of you. How my salon does it is, the >>receptionist ring the GC under the salon account and the owner pays out >>accordingly. if the client pays with a credit card she takes out 2.5% (which >>is our cost for using the credit card machine). >> >> >>Cira >> >> >>On Sun, Oct 23, 2011 at 8:31 AM, Lauren Dodson <[email protected]> wrote: >> >>I just opened my salon this week. It is myself and three other girls who >>booth rent. We want to do a grand opening party next month and offer gift >>cards that include a discount. Ex. Buy $50 and get $10 extra, buy $100 get >>$20. My question is, since everyone else is booth rental, do we need to ring >>up the sales on our separate accounts? This is fine if our own customers are >>buying from us, but I was hoping people new to the salon might come in. I'm >>the owner but don't want to eat all of the discount myself. >>>-- >>>You received this message because you are subscribed to the Google Groups >>>"NailTech" group. >>>To post to this group, send email to [email protected]. >>>To unsubscribe from this group, send email to >>>[email protected]. >>>For more options, visit this group at >>>http://groups.google.com/group/nailtech?hl=en. >>> >>-- >>You received this message because you are subscribed to the Google Groups >>"NailTech" group. >>To post to this group, send email to [email protected]. >>To unsubscribe from this group, send email to >>[email protected]. >>For more options, visit this group at >>http://groups.google.com/group/nailtech?hl=en. >>-- >>You received this message because you are subscribed to the Google Groups >>"NailTech" group. >>To post to this group, send email to [email protected]. >>To unsubscribe from this group, send email to >>[email protected]. >>For more options, visit this group at >>http://groups.google.com/group/nailtech?hl=en. >> >> >> >>-- >>You received this message because you are subscribed to the Google Groups >>"NailTech" group. >>To post to this group, send email to [email protected]. >>To unsubscribe from this group, send email to >>[email protected]. >>For more options, visit this group at >>http://groups.google.com/group/nailtech?hl=en. >> >-- >You received this message because you are subscribed to the Google Groups >"NailTech" group. >To post to this group, send email to [email protected]. >To unsubscribe from this group, send email to >[email protected]. >For more options, visit this group at >http://groups.google.com/group/nailtech?hl=en. > > > -- You received this message because you are subscribed to the Google Groups "NailTech" group. 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