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Pay Day - 07/31/14 (Read 1867 times)
Mindy
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Pay Day - 07/31/14
Jun 27th, 2014, 4:23pm
 
The 2nd quarter payments are being processed reflecting commissions earned from 4/01/14 - 6/30/14.  Part of this process is reconciling those stores who have met the quarterly threshold.  The checks are scheduled to be in the mail or PayPal payments made by Thursday, 07/31/14.        
 
Please see the original Earnings Modifications announcement here:  
http://www.greetingcarduniverse.com/forum/yabb2/YaBB.pl?num=1372702066  
 
Important Notes regarding Earnings:  
1.  2Q 2014 earnings threshold is $150  
2.  Stores earning over the Minimum Payment “pending” will reflect the STANDARD, pre-threshold earnings only  
3.  Premium earnings payments (stores meeting the threshold) will not be reflected until payment is made by 07/31/14  
4.  Combined stores earnings will be used to calculate meeting the quarterly threshold – see below* request by 07/13/14  
5.  Earnings from combined stores will be used to MEET the threshold however the earnings from an individual store with less than the set Minimum Payment will not be paid and will not be calculated as premium earnings  
6. ** Combined stores MUST HAVE IDENTICAL PAYMENT METHOD SET  **
7. Earnings from Stock Card Creation card sales are NOT used to meet quarterly thresholds
 
*COMBINED STORE EARNINGS REQUEST - BEFORE 07/13/14 - If you have more than one store that you would like to combine earnings to meet the quarterly threshold and have not yet communicated this to GCU please send an email to Support@ GreetingCardUniverse.com with Subject: Combine Store Earnings Request and include all your store id#s.  
 
Here is an example on how combined store earnings will work:  
1.  2 store fronts operated by the same artist  
2.  Artist sends combine earnings request to GCU before 07/13/14  
3.  Store 1 has $60 earnings and $25 minimum payment set  
4.  Store 2 has $100 earnings and $25 minimum payment set  
5.  Earnings used to meet threshold is combined $60 + $100 = $160 – threshold is met  
6.  Store 1 standard earnings = $60 PLUS premium earnings = $60 SO total earnings = $120  
7.  Store 2 standard earnings = $100 PLUS premium earnings = $100 SO total earnings = $200  
8. Any earnings not payed and rolled over to the following quarter will * NOT * be combined to meet the next quarterly threshold  
9.  ONLY earnings earned within the current quarter will be used to meet the current quarterly threshold.   Rollover earnings from prior quarter(s) will still get rolled over, as they are earnings due to you, however they will NOT be used to meet that current quarter’s earnings threshold to achieve premium.
 
Payments will be made to artists who are owed a minimum of $25 by the end of the pay period (06/30/14) or accordingly if you have changed your Minimum Payment to a greater amount.          
         
Please Note:  Your Earnings & Payments report may show a pending amount.  If you have had sales after 06/31/14 then the commissions are NOT part of the amount due for 2nd quarter payment.  You can see your STANDARD earnings due for 2nd quarter by adjusting your Earnings History date range to 4/01/14 - 6/30/14 (or earlier start date if you have yet to earn over your minimum):          
http://www.greetingcarduniverse.com/community/earning.asp            
       
Additionally, your current payment reflects your 2nd quarter earnings less any card purchases you have made using your earned fees prior to 7/01/14.          
         
FOR NEXT PAY PERIOD, you can change your Payment To name, Mailing Address, Minimum Payment, Payment Method (check or PayPal) as well as update your Tax ID #  or Social Security # in Account Information:            
https://www.greetingcarduniverse.com/community/reg.asp?mode=edit          
           
Please let us know if you have any questions and congratulations!
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Mary__137064
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Posts: 515
Re: Pay Day - 07/31/14
Reply #1 - Jun 27th, 2014, 6:39pm
 
Thanks GCU for all you do!
 
Mary aka Bright
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Bright's Greeting Card Boutique:
http://www.greetingcarduniverse.com/Bright
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Betsy_145102
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Posts: 1322
Re: Pay Day - 07/31/14
Reply #2 - Jul 1st, 2014, 6:40am
 
Hi there, I just noticed the Q3 threshold is set at $75.00. Is that correct?  Smiley
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cindy_139896
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Posts: 327
Re: Pay Day - 07/31/14
Reply #3 - Jul 1st, 2014, 8:45am
 
Hi betsy Smiley I believe that was only a one time thing for 2013 when they first made the changes.
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Betsy_145102
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Posts: 1322
Re: Pay Day - 07/31/14
Reply #4 - Jul 1st, 2014, 6:02pm
 
Hi Cindy, that is what I thought, but on my manage cards page it was saying $75.00. I see now it is at $150.00.  Smiley
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cindy_139896
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Posts: 327
Re: Pay Day - 07/31/14
Reply #5 - Jul 1st, 2014, 6:51pm
 
It would be nice if it was! Smiley
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