Comments on: How Much Cash Should I Have on Hand to Make Change? https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/ free jewelry tutorials, plus a friendly community sharing creative ideas for making and selling jewelry. Thu, 08 Oct 2020 17:21:15 +0000 hourly 1 https://wordpress.org/?v=5.7.15 By: John https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-617470 Thu, 08 Oct 2020 17:21:15 +0000 http://jewelrymakingjournal.com/?p=28889#comment-617470 In reply to Bonnie.

PayPal charges 2.7 percent per transaction. On a $15 charge, it’s a difference of half a cent between the services.

Square has an incredible interface that can help your business grow, especially if you plan on expanding and use invoices and contracts.

]]> By: Bonnie https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-613456 Sat, 11 Jan 2020 05:54:21 +0000 http://jewelrymakingjournal.com/?p=28889#comment-613456 In reply to Sandy Kane.

I read that Square charges a 2.75% fee on every transaction. Did PayPal also charge a fee? Did you have to set it up as a business account under PayPal?

]]> By: Rena Klingenberg https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-612839 Fri, 18 Oct 2019 02:44:18 +0000 http://jewelrymakingjournal.com/?p=28889#comment-612839 In reply to Jenn.

Jenn, wishing you all the best with your boutique this weekend! Let us know how it goes! 🙂

]]> By: Jenn https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-612838 Thu, 17 Oct 2019 23:00:47 +0000 http://jewelrymakingjournal.com/?p=28889#comment-612838 I’m doing my 1st boutique this weekend and I downloaded the app Venmo, you can set it to your bank account. It works great !

]]> By: Maria Jenny https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-31602 Tue, 05 Nov 2013 13:16:24 +0000 http://jewelrymakingjournal.com/?p=28889#comment-31602 At my first craft show, I brought $180 (40 $1, 10 $5, 5 $10, and 2 $20 dollars in cash and used the Paypal version of Square. Both worked fabulously. I absolutely loved the Paypal card reader. My smartphone even enabled the customer to sign the document using their forefinger.

]]> By: Elaine Reed https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-24556 Mon, 09 Sep 2013 00:30:46 +0000 http://jewelrymakingjournal.com/?p=28889#comment-24556 This is what I bring and after 6 years, it STILL works for me. 10 – $1; 4 – $5; 2 – $10. Not much, granted, but it works. Since I charge tax, (My state law – you aren’t supposed to “include” it in the price. Don’t ask me why.) I also carry coins. Pennies – 50; Nickles – 20; Dimes – 15; Quarters – 10. Plus I include the Square. At the end of each show I reload the paper – taking out the extra, filling in the blanks where needed. At the end of the YEAR, I take out the extra change and leave myself with the original amount. As you can see, it’s not much – $55.50 but it works. Very, very rare to run out of change and even if I do, usually the customer has another bill to use I can break. I also accept checks. I’ve not yet had one come back.

]]> By: Susan https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23999 Wed, 04 Sep 2013 01:36:59 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23999 i bring $125.00, (20 x $5, 5 x 2$ and 15 x 1$) and have never run out of change.

]]> By: Rose Barden/ A Jewel In the Making https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23610 Fri, 30 Aug 2013 20:55:55 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23610 I normally have a total of 150.00 – 1/20, 4/10, 6/5’s, 10/1’s, 2 rolls of quarters, and 4 rolls of dimes, 4 rolls of nickles and 2 rolls of pennies, and I’m cooking then, lol.

]]> By: Janet https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23389 Wed, 28 Aug 2013 21:08:55 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23389 Thank you so much Sandy for the information… I really appreciate it..

]]> By: Sandy Kane https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23388 Wed, 28 Aug 2013 20:49:00 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23388 I use the Paypal version of Square. Here are both websites:
Paypal: paypal.com/webapps/mpp/credit-card-reader
Square: squareup.com/
They both send you little plug-in swipe card readers you pop into your iphone or ipad. I don’t know if they work with other mobile phones or not! People really seem to appreciate not having to spend cash! =D

]]> By: Janet https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23377 Wed, 28 Aug 2013 18:29:10 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23377 What is a Square and how do you purchase one? I have a craft show in Nov. and need something for credit or debit.. Thank you,
Janet

]]> By: Tina - CreatedWithFire Studios https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23272 Wed, 28 Aug 2013 01:31:38 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23272 Cash = $250, $200 in $5, and $50 one dollar bills and one of each coins rolls get us going, everyone wants to hand you $20

]]> By: Andrea https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23252 Tue, 27 Aug 2013 21:06:25 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23252 Thanks so much Beth! I, too, have included tax in my prices so as not to deal with coin. It sounds like everyone who has responded is giving me about the same information and I sincerely appreciate it!!

]]> By: Andrea https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23238 Tue, 27 Aug 2013 18:32:09 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23238 Thank you everyone, for sharing this information with me and for all your good wishes. You’re right Connie, I’m sure someone would help out if it’s needed too.
All your responses have helped me narrow down what I most likely will need, without bringing an armored truck.

]]> By: Beth https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23240 Tue, 27 Aug 2013 18:13:42 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23240 I used to manage a large independent pet store, and we always began our daily till with $100 in cash. We set it up with coin + $1 bills = $50, $30 in $5 bills, and $20 in tens. It was rare we needed more bills, but we’d occasionally break open a roll of change.

When we go to a show, we include the sales tax in our jewelry prices so we don’t need any coin. I’ve never needed more than that $100 set up till at a show yet (granted, we’ve only been doing shows for a couple years).

I hope this helps.

Beth

]]> By: Patricia https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23224 Tue, 27 Aug 2013 16:14:51 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23224 I used to work in a small retail store and we always started with $100 in change (1s, 5s, 10s, 20s, and change). We never needed more than that. I started going with the $100 to start the craft shows and always found that I had much more than I actually needed each time. Since I started using Square, I found that I need even less change. Half my sales are debit and credit now.

]]> By: Connie Burns https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23212 Tue, 27 Aug 2013 15:21:30 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23212 When I did my first show a little over a year ago, I made sure that I overdid the seed money. I got 100 ones fro the bank, 10 fives and 5 tens. After many shows I finally removed 50 of those original ones. It seems that whatever I have in the till is fine. I simply keep the seed money for the next show, removing amounts over about $170. Just remember, while other vendors may be competing for business, at the same time it’s been my experience that they will also help out if you just ask. So don’t fret about the change on hand. Take a reasonable amount, and stop worrying. It’ll be fine, and if it isn’t, believe me, someone will help out. Good luck!!!

]]> By: Tammie E https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23175 Tue, 27 Aug 2013 11:39:14 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23175 I have Square which is great, but for $$$$ I usually take $170 in cash 2-20’s, 5-10’s, 10-5’s and 30-1’s. I never used to take along twenty’s but I had 2 shows in a row last year that someone paid for a $10 with a $50 bill and it wiped me out of change so now I throw a couple of those in too. Good Luck!

]]> By: Drake https://jewelrymakingjournal.com/how-much-cash-should-i-have-on-hand-to-make-change/#comment-23150 Tue, 27 Aug 2013 05:25:51 +0000 http://jewelrymakingjournal.com/?p=28889#comment-23150 I personally try to have $40 each in 1’s, 5’s and 10’s for each day of the show. I also take square, and that cuts down quite a bit on the amount of cash I need to have on hand, because at a lot of the shows I do use square for a lot of my transactions.

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