At the Register No AR
There are three possible scenarios that you will be dealing with at the register:
- The marketplace vendor has deposited the whole amount owed in your bank account.
- The marketplace vendor has deducted a fee from the amount owed to your store from the amount deposited directly into your bank account.
- The marketplace vendor has sent you a chec
The marketplace vendor has deposited the whole amount owed in your bank account.
This is the case with the payment from half.com as shown.
- Press the Pay In/Pay Out key
- Select Pay In
- Select Marketplace Payments from the list
- Enter the amount of the deposit, 324056 in this case
- Select your automatic deposit tender (This tender is reserved for all direct deposit)
- Enter the amount of the deposit from Step in the Enter Tender Amount field.
- Press Enter
The marketplace vendor (i.e., amazon.com) has deducted a fee from the amount owed to your store from the amount deposited directly into your bank account.
- This involves two transactions: a pay in and a pay out.
- The pay in will be the sum of the amount of the direct deposit plus the fee: the total owed the bookstore.
- Amazcom has deducted a fee from the amount owed the bookstore.
- The fee must be added to the payment and that amount entered as a pay i Thus, in this case, $39.99 + 5,521.58 = $5,561.57.
- The pay out will be done for the fee. The automatic deposit tender will be used in both transacti
The Pay In (WinPOS)
- Press the Pay In/Pay Out key
- Select Pay In
- Select Marketplace Payments from the list
- Enter the sum of the amount of the deposit plus the fee, or 556157 in our example
- Click OK
- Select your automatic deposit tender (This tender is reserved for all direct deposit)
- Enter the same amount as in Step d. above in the Enter Tender Amount field
The Pay Out (WinPOS)
- Press the Pay In/Pay Out key
- Select Pay Out
- Select the Pay Out for Marketplace Fees
- Enter 3999 (for the $39.99 fee)
- Select your automatic deposit tender (This tender is reserved for all direct deposit)
- Enter 3999
The marketplace vendor has sent you a check.
When the marketplace vendor sends you a check rather than depositing the payment in your bank account, the steps are the same as in the first procedure except the selection of the tender.
WinPOS
- Press the Pay In/Pay Out key
- Select Pay In
- Select Marketplace Payments from the list
- Enter the amount of the deposit
- Click OK
- Select the check tender
- Enter the amount of the deposit from Step in the Enter Tender Amount field
- Press Enter
- Enter a Customer ID if prompted
For unusual circumstances with payments, see the Appendix.