Tiered Rate Cards
Collection of rates to be applied for tiered subscriptions
Tiered Rate Cards are a collection of rates that define how the pricing of a tiered subscription varies based on the subscription's quantity.
Field Internal Name | Field Title | Description |
---|---|---|
work365_tieredratecardid | Entity Primary Key | |
work365_tieredratecard_name | Name | The name of the tiered rate card |
work365_tieredratecard_type | Type | The type of the tiered rate card. See note below |
work365_tieredratecard_unit | Commitment / Term | The commitment period associated with the tiered rate I,e Monthly. Annual |
work365_tieredratecard_defaultcost | Default Rate | The default rate to be applied when a matching rate is not found in the card's rate collection |
work365_tieredratecard_defaultrate | Default Cost | The default cost to be applied when a matching rate is not found in the card's rate collection |
Types of tiered rate cards
- Block Unit Rate implies that the rates in the collection are per unit quantity.
- Block Rate implies that the rates in this collection are a flat rate based on the rate block definition.
Use Block Rate when you wish to apply a single rate for a range of quantities. Using the Block Rate example below, the customer will be invoiced $100 for 50 quantities as well as 95 quantities; however, if the quantity exceeds 100, a flat rate of $235 will be applied.
Examples
Block Unit Rate
Let us assume that a Block Unit Rate tiered rate card has the following rates defined...
Name | Up to | Sales Price |
---|---|---|
Up to 100 | 100 | $10.00 |
Up to 250 | 250 | $9.50 |
Up to 500 | 500 | $9.00 |
If a subscription quantity is 90, the pricing will be $10.00 per unity quantity. If the subscription quantity is 275, the pricing will be $9.00 per unit quantity, whereas if the quantity is over 500, then the default rate will be applied.
Block Rate
Let us assume that a _Block Rate" tiered rate card has the following rates defined...
Name | Up to | Sales Price |
---|---|---|
Up to 100 | 100 | $100 |
Up to 250 | 250 | $235 |
Up to 500 | 500 | $450 |
In this case the rate applied is not per unit quantity on the subscription, but for the whole subscription. If the subscription quantity is 90, the pricing will be $100. If the subscription quantity is 275, pricing will be 450, whereas if the quantity is over 500, then the default rate will be applied.
Updated 10 months ago