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Typical shop mark up on top up credit

  • 05-07-2010 10:13am
    #1
    Cervantes
    Registered Users, Registered Users 2 Posts: 24 ✭


    *Not sure if this is the correct section - mods please feel free to move*

    I was wondering what the typical markup a shop charges on the sale of top up credit vouchers? We're considering a system whereby users can purchase a printed voucher (say in denominations of €5 and €10) that is redeemable against a particular system.

    We'd like to sell this vouchers in the campus shop (Spar), and were wondering what markup would be typically charged for this by the shop? Would it be a percentage or a fixed price per voucher? Bear in mind that there's no equipment involved (i.e. like a mobile phone credit printer), would this mean additional costs for the storage/security of the vouchers?


Comments

  • #2
    Bandara
    Registered Users, Registered Users 2 Posts: 3,282 ✭✭✭Bandara


    10%


  • #3
    Sally Floyd
    Registered Users, Registered Users 2 Posts: 27 ✭Sally Floyd


    I THINK 10% IS A BIT ON THE HEAVY SIDE. iT WOULD BE MORE LIKE HALF THAT IF THE PRODUCT IS SOLD AT THE PROPER R.R.P


  • #4
    DubTony
    Registered Users, Registered Users 2 Posts: 3,267 ✭✭✭DubTony


    What exactly are you selling here? A top up voucher for what?


  • #5
    Bandara
    Registered Users, Registered Users 2 Posts: 3,282 ✭✭✭Bandara


    I stand very strongly on my 10% figure.

    I'm not even remotely interested in selling your product without their being 10% in it for me. The old phone credit used be 10% until they squeezed it and as a result the retailers added the surcharges to retain the margin they required.

    Also the fact that your not a major company etc its not worth the hassle of dealing with you without there being a average level of profit in it


  • #6
    Cervantes
    Registered Users, Registered Users 2 Posts: 24 ✭Cervantes


    Hey guys, thanks for the replies.

    It's for our printer charging system to offset the cost of student printing. We're trying to push them towards on-line payment, but not everyone has a credit/laser card so we want to give them another purchase option.

    I was thinking it would be around 10% alright - will have to get our negotiation hats on to see if we can get it down to around 6-7%


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  • #7
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    What about vending machines?

    I wouldn't be slow to charge people different prices to push them towards the preferred means of payment.


  • #8
    gerrycollins
    Registered Users, Registered Users 2 Posts: 1,799 ✭✭✭gerrycollins


    dont forget markup and margin are different so be careful the way you speak of each.

    Shops selling top up at its "face value" are getting 3.5% margin on the product


  • #9
    StupidLikeAFox
    Registered Users, Registered Users 2 Posts: 7,745 ✭✭✭StupidLikeAFox


    Im sure at least 95% of people would have a laser card, if not more??


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