Let us be clear right away, you determine your prices and you alone your own business. This page is dedicated to reasons why it's a smart It is best not to pass administration costs on to your guests. After years experience in the sector, we can draw the following conclusions. This knowledge we are happy to share with you without obligation.
When you use the gift voucher shop you can choose whether you want to pay the costs that accompany a sale wants to pass on to the customer or not. Costs you have are € 2.5 per sale and about 2.5% transaction costs depending of the chosen payment method.
At first you would say that it is more interesting to use this effectively can also be passed on to the customer, so you always receive 100% of the gift voucher value. However, there are several good reasons to reduce the administrative costs not counting:
1. Someone who buys a gift voucher from you is promoting your business and must reward youA gift voucher is usually bought by someone who already owns your business knows and thereby promotes your business through that voucher to give to someone. It's that person who would cost you charge, when it should just be rewarded. |
2. Abolition of administration costs leads to a boost of the saleWith a number of customers who have been working with we put the gift voucher shop to the test: they have dropping the administration costs and that has at certain moments led to a doubling of sales compared to the same month the year before. |
3. You need to sell less than 1 coupon per month to cover the costs to recoverHold on tight for a small calculation: - The average value of a voucher is € 90. - On average, 1.3 vouchers are purchased once. Ie there is a pay-per-sales cost of €2.5/1.3 = € 1.9 per voucher. - Together with the transaction fee of 2.5% makes that €1.9 + 2.5%x €90 = €4.15 per voucher. - We also know that between the 10% to 20% of the vouchers are not used. Since you at Resengo you always get all your vouchers paid, even the non consumed, this means that for every 10 vouchers you sell at least one is not used up. Maw, then you recover €90 - €4.15 = €85.85. This is the equivalent value of 20 times the total cost of a voucher. In other words, sell one extra voucher means recovering the cost for 20 gift vouchers. The average business sells 15 vouchers per month so if you have less than 1 voucher sells extra per month by abolishing administration costs, you're better off. |
4. The VAT on a gift voucher is more interesting than the VAT on administration costsYou must always charge administration costs at 21% VAT. A You sell a gift voucher at 0% VAT and will be redeemed in your when consumed case split into the correct VAT but that will always be in total be lower than 21%. In other words, if you pay the costs for yourself you less VAT on those costs. |
5. It's easier from an accounting perspectiveWhen you calculate administration costs, you also have to pay them processing separately accounting as a service provided to 21% VAT. If you do not charge administration costs, then This is of course not necessary and your accountant can easily do this directly transfer the sold amounts of the gift vouchers to the suspense account. There is therefore no longer any need to divide between value of the gift vouchers and the service provided. |