What is Scrip?

 

Scrip is substitute money.  It can be a paper certificate or a gift card.  The stores you visit are used to receiving these certificates and you will not usually have trouble redeeming them.  These are the same certificates that you would buy at the store.

 

The basic concept behind scrip: 

·        The retailers sell the certificates to the school at a discount (For example, a $50 Woodman’s card costs us $47.50)

·        Families buy the certificates at full face value and redeem them for full face value  (The $50 Woodman’s card costs you $50 and is worth $50)

·        St. James School gets the difference as revenue

 

What’s the catch?  The catch - if there is one - is that you have to plan your purchases a little bit. That’s it!  Orders are placed by sending in your blue envelope on Monday mornings with your student.  Orders are filled on Thursday nights and distributed back to your student on Fridays.  We also offer cash and carry on Friday afternoons.  If you forgot to place an order on Monday and you need your scrip money, you can pick out and purchase directly from what we have in stock.