Embedded Files
There are two scenarios that an auction house will need to edit this area of the software.
- To apply a surcharge to a payment type that adds a percentage of the total amount due to the total cost the buyer will pay. For example, adding a 3% charge to all buyers who pay with a credit card.
- To apply a discount to a payment type that deducts a percentage of the total amount due from the total cost the buyer will pay. For example, giving a 3% discount to cash buyers.
To edit the payment types click on the little blue arrow icon to the left of the Account Number 1010. The description for this Parent Account will say "money in or out."
This arrow will drop down a list of all current payment types available. These are the payment types you see when adding a receipt to a bidder's settlement.
To add a surcharge to a payment type, click the Pencil Icon to the left of the payment type you're editing.
On the Edit Account window that appears you will see the Parent Account listed first.
The subsequent fields will be
- Account Number: This the unique identifier for this account. This field does not need to be edited
- Description: This is the description that will appear on the settlements when you are adding a receipt.
- Use for Receipts/Payments checkboxes: These are just indicating that you accept this payment method when accepting payment from bidders (use for receipts) and when paying your sellers (use for payments.)
- Surcharge Discount: This field is where you will enter the actual percentage that you want to add or deduct for the designated payment type. If you want to add a surcharge enter a positive amount such as 3.00. If you want to give a discount enter a negative amount such as -3.00.
You can also add a flat dollar amount instead of a percentage, such as adding ($10) as a surcharge or deducting (-$10) as a discount.
- Rounding: This field allows you to round your totals on settlements to the nearest Nickel or Dime if needed. This is common for Canadian customer where there is no single cent currency.
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