Gift vouchers - payment by card

[joe90]

As I have not had credit/debit card facilities before I was wondering what you all do when taking payment for a gift voucher by credit card.

Previously all my transactions were cash and I would just put the money away separately somewhere until the client redeemed the voucher and only at that point would I bank the money.

Any ideas for me please?

 

[Lynne Baker]

99% of my gift vouchers (and everything else, come to that) are bought with cards. I just keep a note of how much it is, and leave it in the bank with the rest of the money.

 

[marioned]

You could keep the equivalent from a cash transaction? Not sure how you'd show this in your books though.

 

[joe90]

At the mo we are doing just what you do Lynne, but we have sold lots of vouchers and if a lot decide to redeem in the same week/day it feels like you are working for nothing iykwim