Using tokens

In Order to Pay Off my .60cents in Fee’s – I had to Use 500 Tokens, but it is Good for $1.00 – Does that Mean I Still have .40cents I can Use Later or No ?? Please Help if You Know about Tokens/Uses – Thank You ?

asked about 10 years ago

6 Answers

This is from the link on your Fees Due page [URL removed]

When is My Bill Due?

We’ll start bugging you about paying your bill when it is in excess of $3.00 and it has been 30 days since your last payment. Bonanza currently has no pre-set billing periods, so any bill payment transaction period will vary from month to month and will include all transactions between your last payment and the day the new payment is made.

My Bill is Small, Do I Have to Pay?

Actually, you probably don’t. It costs us money to accept fees, so we prefer not to accept payments for less than $2

So in answer to your question I’m pretty sure that the $1.00 token credit has been applied to the .60 bill and as Love_birds said above the balance of .40 cents is gone. You might want to check with support for sure by emailing them at support@bonanza.com

answered about 10 years ago

ZiggyZool
Reputation: 1320
See ZiggyZool's booth

Hi, Jenn. Take a look at your fees due by clicking “my Bonanza” > “fees due”, and you will probably see that you don’t have a .40 cent reserve. So, I think you just lost that. A good rule of thumb is to never overpay through the use of tokens. I have done the same thing, thinking it would give me credit to use later. It didn’t. Perhaps someone can come along and give you more precise info as to what the minimum is you can carry in fees owed before you actually get billed. I have ours set up to pay it with a credit card, but I still use the tokens when I have them.

answered about 10 years ago

I am not sure but I don’t think you are actually billed until you owe $3.00. So I don’t apply tokens until my bill is over $3.00.

answered about 10 years ago

Stitch and Loves Birds are correct.

Don’t use your tokens unless a bill is more than 1.00 for the month, because you lose the extra.

I haven’t paid a bill since last year sometime, since I have loads of tokens. At the end of each month, I check to see if I owe more than 1.00 and use multiples of 500 tokens for each even dollar owed. The excess cents just keep adding up, and Bonz charges me once it gets over 3.00. I try to clear it up at the end of each year for bookkeeping purposes.

answered about 10 years ago

Good to know, I think I only owe $2.00 but that’s been for the longest time.

answered about 10 years ago

It will add up eventually….Once your bill reaches $3 or so then you will be billed, then you should use your tokens…..personally, I dont mind paying off the smaller bills in cash, I like to keep my tokens for when I get a larger sale or around Christmas when I get lots of sales.

answered about 10 years ago

3 Comments

BookbinEtc says: May 14, 2015

I don’t think it works that way. Each month’s bill is separate and that is where you apply tokens, hence when you have an overage, you lose it.

DiscountDesigner says: May 14, 2015

Yes i know. But the bill will add up. If you have a $1.50 bill and you are not charged, if you sell something else that reaches over the $3 point, you pay that $1.50. Bonanza doesn’t just let it go. As far as using tokens for larger bills, and yes, if you have an overage you do loose it.

DiscountDesigner says: May 14, 2015

As far as using tokens on a larger bill, Last year, i was able to significantly cut down on a large bill i had by applying my tokens. And yes, they were all for one month.

Question Vitals

Viewed: 2148 times

Asked: about 10 years ago

Latest response: about 10 years ago

To Answer Brilliantly

Remember these tips:

  • Use links to other sources to support your opinions
  • Use examples where possible
  • Put yourself in the inquirers shoes: what extra info would be helpful?

Should I post a comment or an answer?

You can only post one answer, so make it count. Maybe your reply is more fitting as a comment instead?

Post an answer for:

  • Replies that directly and specifically answer the original question

Post a comment for:

  • "Thanks," "Me too," "I agree," or "Works for me" types of replies
  • When you would like the original poster to provide more details
  • When you have more to add to someone else's question or answer

See also our Roundtable FAQ.

Formatting

Community help posts follow certain formatting guidelines, which may impact the look of your post. If you're interested in tweaking the format, instructions are available here.