iloveuturn Posted February 13, 2012 Share Posted February 13, 2012 Hello, I need some advice from you guys..... I just put out my first racks. I have never paid commission to locations before. The locations want 20% commission. How should I go about paying these locations? Do I need to get a coin counter machine. Wont the locations want me to pay them right there on the spot. Can I get some feed back................... Link to comment Share on other sites More sharing options...
Nick SDL Posted February 13, 2012 Share Posted February 13, 2012 this has been gone over in other posts, but some people do them differently. There is no need for a coin counter unless you have a lot of machines and do not wanna count coins. You can count coins on the spot and pay them there, most people prefer not to do this though for many reasons. Or you can just collect the coins, take them home, count them there, and cut them a check monthly or quarterly. This is something you should go over with the location first though so there's no confusion. Link to comment Share on other sites More sharing options...
Bocephus Posted February 13, 2012 Share Posted February 13, 2012 Do you guys pay 20 percent of gross or 20 percent of profit? Link to comment Share on other sites More sharing options...
iloveuturn Posted February 13, 2012 Author Share Posted February 13, 2012 20 percent of gross sales. Is that what most others pay? Link to comment Share on other sites More sharing options...
havending Posted February 14, 2012 Share Posted February 14, 2012 Most ppl pay on gross however some pay on net its just what ever deal you work out. If your getting it at 20% jump on it that's a great split for you. Sent from my Desire HD using Tapatalk Link to comment Share on other sites More sharing options...
West Coast Vend LLC Posted February 14, 2012 Share Posted February 14, 2012 This is a very sensitive topic. Everyone negotiates their own commission rates and what it will be paid on. Gary --- I am here: http://maps.google.com/maps?ll=33.021138,-117.113720 Link to comment Share on other sites More sharing options...
PerformaVending Posted February 15, 2012 Share Posted February 15, 2012 It depends on the location and the deal you have set up. Most of my locations, I take the change and then send them a check for the percentage. That also creates a paper trail so neither party can "rip off" the other. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.