Welcome, Guest Login
You must login or register to post.

Pay Day - 4Q2020 by 1/31/21 (Read 584 times)
Mindy
GCU Administrator
Community Manager
*****



Posts: 6441
Gender: female
Pay Day - 4Q2020 by 1/31/21
Jan 14th, 2021, 3:14pm
 
The 4th quarter payments are being processed reflecting commissions earned from 10/01/20 - 12/31/20.  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 Monday, 1/31/21.    
 
We sure are glad to close the books on 2020!  And seeing growth in so many artists' sales and earnings during a year filled with uncertainty and worry has been the shiniest silver lining ever!
    
NOTE: An Update on Coping with Corona Promotion: GCU will adjust artists' earnings on single card orders where the promotions were redeemed (STAYHOME or BEWELL) resulting in 0 earnings. The artists' commissions will be updated from 0 to 10 cents for BOTH 3Q and 4Q. This is reflected in your Earnings Report. Original post on promotion here:
http://www.greetingcarduniverse.com/forum/yabb2/YaBB.pl?num=1585091614
       
Important Notes regarding Earnings:            
1.  4Q 2020 earnings threshold is $300  
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 1/31/21            
4.  Combined stores earnings will be used to calculate meeting the quarterly threshold – see below* request 1/20/21            
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 1/20/21 - 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 (3Q) 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 (12/31/20) 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 12/31/20 then the commissions are NOT part of the amount due for 34th quarter payment.  You can see your STANDARD earnings due for 4th quarter by adjusting your Earnings History date range to 10/01/20 - 12/31/20 (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 4th quarter earnings less any card purchases you have made using your earned fees prior to 1/01/21.                      
             
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        
 
REMINDER, new year, new thresholds starting 1/1/21, see here:
http://www.greetingcarduniverse.com/forum/yabb2/YaBB.pl?num=1607734655                
               
Please let us know if you have any questions and thank YOU for your creative resilience and perseverance all year long helping shoppers stay connected!
Back to top
 
 
Email   IP Logged
Jane_242850
GCU Newbies
*



Posts: 15
Re: Pay Day - 4Q2020 by 1/31/21
Reply #1 - Jan 16th, 2021, 8:19pm
 
Hi Mindy,
The new earnings quota are not showing up in my stores.  Is that a glitch or did I read this wrong that it starts 1/1/21?  
TIA - Jane Smiley
Back to top
 
 
Email   IP Logged
Jane_242850
GCU Newbies
*



Posts: 15
Re: Pay Day - 4Q2020 by 1/31/21
Reply #2 - Jan 21st, 2021, 10:28am
 
Mindy,
Did you see my question on this link?  It is not showing in my store the increased earnings quota.  Does it in fact start 1/1/21 or is there a glitch?
Thank you,
Jane
Back to top
 
 
Email   IP Logged
Mindy
GCU Administrator
Community Manager
*****



Posts: 6441
Gender: female
Re: Pay Day - 4Q2020 by 1/31/21
Reply #3 - Jan 28th, 2021, 7:23pm
 
Quote from Jane_242850 on Jan 21st, 2021, 10:28am:
Mindy,
Did you see my question on this link?  It is not showing in my store the increased earnings quota.  Does it in fact start 1/1/21 or is there a glitch?
Thank you,
Jane

 
Sorry for the delay.  Correct, the new quarterly thresholds will begin in 2021.
Back to top
 
 
Email   IP Logged

About Us     Artists     Artist FAQ     Blog     Card Sellers     Contact Us     Content Disclaimer     Forum     Paper Card Categories     Privacy Policy     Shopper FAQ     Holidays 2011

Click to verify BBB accreditation and to see a BBB report.                        
© Copyright 2000- Greeting Card Universe - Powered By Bigdates-Solutions.com   

GCU Forum » Powered by YaBB 2.1!
YaBB © 2000-2005. All Rights Reserved.