Friday, July 3, 2009

Credit Card Parties & "Overages"

Caution!

This scenario has happened to many consultants...

You submit a party in which everyone pays with a credit/debit card. Your party summary shows an "overage" and you mistakenly believe you have overpaid the party. Therefore, you reduce the amount paid so that you balance shows "$0". You submit the party.

What just happened?

You gave up your commission!!!!

When you submit a party in which all (or even the majority of) payments are on a debit/credit card, you WILL have an overage showing... that overage is your commission (or at least part of it).

If you have a party in which 100% of the payments are on a credit card, you will show an overage in the amount of 25% of the party sales... that's your commission!

Anytime you have an "overage" on a party, the company will cut you a check and it will be mailed or direct deposited (depending on how you set up your personal account) at the end of the month.

I hope this makes sense! This kind of a situation is very likely to happen during a sale month when everyone is paying by credit/debit card.

I don't want anyone losing their commissions!

No comments: