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Pay Day - 2Q2020 by 7/31/20 (Read 381 times)
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Pay Day - 2Q2020 by 7/31/20
Jul 2nd, 2020, 5:31pm
The 2nd quarter payments are being processed reflecting commissions earned from 4/01/20 - 6/30/20.  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 Friday, 7/31/20.    
GCU has never been so pleased to process our artists' earnings than 2Q 2020!  It was a dramatic quarter as far as world happenings and the impact to our social and professional lives.  GCU is overwhelmingly GRATEFUL to have the ability to continue operations with our HQ staff, card review team, artist community, printing partners, and mail delivery personnel. The icing on the cake was significant growth in 2Q sales. This was a serendipitous GIFT!
NOTE: An Update on Coping with Corona Promotion: GCU has adjusted artists' earnings on single card orders where the promotions were redeemed (STAYHOME or similar) resulting in 0 earnings. The artists' commissions have been updated from 0 to 10 cents. This is reflected in your Earnings Report. Original post on promotion here:
Please see the original Earnings Modifications announcement here:            
Important Notes regarding Earnings:            
1.  2Q 2020 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 7/31/20            
4.  Combined stores earnings will be used to calculate meeting the quarterly threshold – see below* request by 7/13/20            
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. Rollover Earnings & Threshold Measurement  - 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              
7. Earnings from Stock Card Creations are exempt from premium earnings and will not apply to meeting quarterly earnings thresholds
*COMBINED STORE EARNINGS REQUEST - BEFORE 7/13/20 - 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.  Combined store requests from last pay period (1Q) do not need to re-request.            
Payments will be made to artists who are owed a minimum of $25 by the end of the pay period (6/30/20) 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 6/30/20 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 4/01/20 - 6/30/20 (or earlier start date if you have yet to earn over your minimum):                      
Additionally, your current payment reflects your 2nd quarter earnings less any card purchases you have made using your earned fees prior to 7/01/20.                      
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:                        
Please let us know if you have any questions and thank YOU for your creative contributions helping shoppers stay connected!
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