[{"data":1,"prerenderedAt":300},["ShallowReactive",2],{"help-cat-pricing-your-inventory":3},[4,54,144,173,211,271],{"id":5,"title":6,"body":7,"category":43,"date":44,"description":45,"extension":46,"meta":47,"navigation":48,"path":49,"seo":50,"source":51,"stem":52,"__hash__":53},"help\u002Fhelp\u002Fpricing-your-inventory\u002Fadd-rental-products-prices.md","Add Rental Products & Prices",{"type":8,"value":9,"toc":40},"minimark",[10,14,21,24,29,32,37],[11,12,13],"p",{},"To add a product to your inventory list, click the Manage Inventory link from the left hand navigation.  Then click \"Inventory List\".",[11,15,16],{},[17,18],"img",{"alt":19,"src":20},"","\u002Fimages\u002Fhelp\u002Finventory\u002Fadd-rental-products-prices\u002Fadd-rental-products-prices-1.png",[11,22,23],{},"Click the Add Product button.",[11,25,26],{},[17,27],{"alt":19,"src":28},"\u002Fimages\u002Fhelp\u002Finventory\u002Fadd-rental-products-prices\u002Fadd-rental-products-prices-2.png",[11,30,31],{},"Add information about the product by adding text to the fields (name, description, quantity, etc.).",[11,33,34],{},[17,35],{"alt":19,"src":36},"\u002Fimages\u002Fhelp\u002Finventory\u002Fadd-rental-products-prices\u002Fadd-rental-products-prices-3.png",[11,38,39],{},"Add pricing for the product using the Sell option (to offer this product for sale) and choose the rental pricing option (Basic, Standard or Advanced).  If you want to add additional pricing, Save the product and click on its name in the Inventory List and choose the \"Pricing\" tab.  Reference this article for more help with pricing.",{"title":19,"searchDepth":41,"depth":41,"links":42},2,[],"Pricing Options","April 21st, 2020 by rentmysupport","To add a product to your inventory list, click the Manage Inventory link from the left hand navigation. Then click \"Inventory List\". Click the Add Product button. Add information about the product by ","md",{},true,"\u002Fhelp\u002Fpricing-your-inventory\u002Fadd-rental-products-prices",{"title":6,"description":45},"https:\u002F\u002Fhelp.rentmy.co\u002Fadd-rental-products-prices\u002F","help\u002Fpricing-your-inventory\u002Fadd-rental-products-prices","NpnRfy8y5JMBJHt7L37lzZJZeYPm_H_X23X1NJ8GKj8",{"id":55,"title":56,"body":57,"category":19,"date":136,"description":137,"extension":46,"meta":138,"navigation":48,"path":139,"seo":140,"source":141,"stem":142,"__hash__":143},"help\u002Fhelp\u002Fpricing-your-inventory\u002Frental-and-sale-pricing-options.md","RentMy – Rental and Sale Pricing Controller",{"type":8,"value":58,"toc":129},[59,62,65,68,73,76,79,82,86,96,99,116,121],[11,60,61],{},"RentMy - Rental and sale pricing controller\nRentMy - Rental and sale pricing controller. We have powerful pricing options to help you price your rentals for your specific workflow.  RentMy offers several options to price your products in a way that matches your current rental operation.  Choose from any option (by product, if you prefer) to help you accomplish your objective.",[11,63,64],{},"To set or adjust the price for a product, visit the Manage Inventory screen. Click on the name of the product.  Once product detail is open, click the Price tab.",[11,66,67],{},"Sell Price:  Just like it sounds, enter a value here to offer the product for sale. This is optional; if you don’t want to offer a “for sale” price, just leave this field blank.  RentMy permits you the rent and sell the same product (without having to create multiple SKUs\u002Fproducts).",[69,70,72],"h2",{"id":71},"rental-options","Rental Options:",[11,74,75],{},"Basic Rental Rate:  Use the Basic Rate option when you want to offer an item for rent for an indefinite period of time for one fixed price.  You may set this price to zero if you prefer, and the value you enter into this field is the amount to be charged, regardless of how long the item is rented.  A typical example of how Fixed pricing is used is for businesses or clubs who simply want to track their inventory, rather than profiting from it.",[11,77,78],{},"Standard Rental Rate:  Use the Standard Rate option when you want to offer an item for rent for a set price per term, for example, $10 per day, regardless of the number of days selected. Rental charges are calculated as the price multiplied by the number of periods.  In our example, if the rental term is 4 days, the rental charges = $10 x 4 = $40.  You can set a price for hourly, daily, weekly and\u002For monthly periods.  And, the term needn’t only be 1 (like 1 day). You can set the term for 3 days for $25, for example.",[11,80,81],{},"Advanced Rental Rate:  The most powerful of the RentMy pricing controls, Flex Rental Rate allows you to establish multiple options for each interval (hour, day, week or month), allows you to establish the number of intervals the price is offered and also allows you to establish a second tier of pricing.",[69,83,85],{"id":84},"examples","Examples:",[87,88,93],"pre",{"className":89,"code":91,"language":92},[90],"language-text","- Example: $10 per day: To offer an item for $10 per day for the first day and $10 each additional day, populate the duration and range fields in the daily interval with a “1”.  Enter “10” in the amount field. Enter a “10” in the amount field and a “1” in the duration field.  Once you click Submit, RentMy will calculate rental charges as $10 per day x the number of days of the rental period.\n\n- Example: $10 for the 1st day, $7.50 each additional day: To offer an item for $10 per day for the first day and $7.50 for each additional day. Populate the duration and range fields in the daily interval with a “1”.  Enter “10” in the amount field, and enter a “7.50” in the amount field and a “1” in the duration field.  Once you click Submit, RentMy will calculate rental charges as $10 per day for the first day + $7.50 per day times each additional day.  In the case of a 3 day rental, for example, rental charges will total $10 + $7.50 x 2) = $25.\n\n- Example: $10 per each day for the first 3 days and $5 for each additional day after the third day. Populate the duration field with a value of “1”, populate the range field with a “3”. Enter “10” in the amount field.  Then enter a “5” in the amount field, and enter “1” in the duration field.  Once you click Submit, RentMy will calculate rental charges for a 5-day rental, for example, as: ($10 x 3) + ($5 x 2) = $40\n","text",[94,95,91],"code",{"__ignoreMap":19},[11,97,98],{},"RentMy will reflect the lowest price based on the rental scheduling inputs by picking the greatest term that will “fit” into the term selected for the rental.",[11,100,101,102,109,110,115],{},"RentMy\nAre you new to RentMy? We are an E-Commerce website, POS & rental software for businesses and clubs committed to growing your operations. Whether you are a local rental company or an e-commerce powerhouse, RentMy delivers the tools you need to manage & grow your business. Get started for FREE; click ",[103,104,108],"a",{"href":105,"rel":106},"https:\u002F\u002Fclient.rentmy.co\u002Fauth\u002Fsign-up",[107],"nofollow","here",". Don't have the time or the expertise to set up your store? We offer full customization to meet your every need for a one time set up fee. Your business and customers need a platform like ",[103,111,114],{"href":112,"rel":113},"https:\u002F\u002Frentmy.co\u002F",[107],"RentMy",". What are you waiting for??",[117,118,120],"h3",{"id":119},"wordpress","WordPress",[11,122,123,124,128],{},"Did you know that we also have a plugin on Wordpress? Click ",[103,125,108],{"href":126,"rel":127},"https:\u002F\u002Fwordpress.org\u002Fplugins\u002Frentmy-online-rental-shop\u002F",[107]," to download it!",{"title":19,"searchDepth":41,"depth":41,"links":130},[131,132],{"id":71,"depth":41,"text":72},{"id":84,"depth":41,"text":85,"children":133},[134],{"id":119,"depth":135,"text":120},3,"September 30th, 2019 by rentmysupport","RentMy - Rental and sale pricing controller RentMy - Rental and sale pricing controller. We have powerful pricing options to help you price your rentals for your specific workflow.  RentMy offers",{},"\u002Fhelp\u002Fpricing-your-inventory\u002Frental-and-sale-pricing-options",{"title":56,"description":137},"https:\u002F\u002Fhelp.rentmy.co\u002Frental-and-sale-pricing-options\u002F","help\u002Fpricing-your-inventory\u002Frental-and-sale-pricing-options","9p09HL8k4RMt1yy_UIehKKg2ccL0HT2dDgbi7M_tfmM",{"id":145,"title":146,"body":147,"category":19,"date":165,"description":166,"extension":46,"meta":167,"navigation":48,"path":168,"seo":169,"source":170,"stem":171,"__hash__":172},"help\u002Fhelp\u002Fpricing-your-inventory\u002Fseasonal-rental-pricing-settings.md","Seasonal Rental Pricing Settings",{"type":8,"value":148,"toc":163},[149,152,155,160],[11,150,151],{},"Whether your business is strictly seasonal or if you change prices seasonally, RentMy makes it easy to automatically adjust the prices your business charges.",[11,153,154],{},"With just a few clicks, you can add automated rules to your inventory pricing based on the rental date of your products.",[11,156,157],{},[17,158],{"alt":19,"src":159},"\u002Fimages\u002Fhelp\u002Fpricing-your-inventory\u002Fseasonal-rental-pricing-settings\u002Fseasonal-rental-pricing-settings-1.png",[11,161,162],{},"To set seasonal prices, visit the Settings > Hours & Holidays link.",{"title":19,"searchDepth":41,"depth":41,"links":164},[],"April 6th, 2020 by rentmysupport","Whether your business is strictly seasonal or if you change prices seasonally, RentMy makes it easy to automatically adjust the prices your business charges. With just a few clicks, you can add automa",{},"\u002Fhelp\u002Fpricing-your-inventory\u002Fseasonal-rental-pricing-settings",{"title":146,"description":166},"https:\u002F\u002Fhelp.rentmy.co\u002Fseasonal-rental-pricing-settings\u002F","help\u002Fpricing-your-inventory\u002Fseasonal-rental-pricing-settings","wK4L5bacy9h5sj8lp7IpvCztQnBF75OoykqenTKP1i4",{"id":174,"title":175,"body":176,"category":19,"date":203,"description":204,"extension":46,"meta":205,"navigation":48,"path":206,"seo":207,"source":208,"stem":209,"__hash__":210},"help\u002Fhelp\u002Fpricing-your-inventory\u002Fset-custom-prices-for-days-of-the-week.md","Set Custom Prices For Days Of The Week",{"type":8,"value":177,"toc":201},[178,181,184,187,190,195,198],[11,179,180],{},"If you charge different prices for rental items based on the day of the week the rental is scheduled, you can use the RentMy price adjustment feature.",[11,182,183],{},"The price adjustment feature permits you to establish unique pricing for days of the week by modifying the \"regular\" price of the product. For example, if an item normally rents for $100 per day, but the price increases to $150 for Saturday rentals, the price adjustment feature will automatically charge the additional amount for rentals that include a Saturday during the rental period.",[11,185,186],{},"This function allows you to establish an increased or decreased price for a product by the day of the week. You may establish a price adjustment for hourly or daily rentals, and the price adjustment may be a \"fixed\" amount or a percentage amount (i.e., add $20 to the rental price, or add 10% to the rental price).",[11,188,189],{},"Accounts with this feature enabled will find the Price Adjustment controller on the \"Standard\" rental pricing controller.",[11,191,192],{},[17,193],{"alt":19,"src":194},"\u002Fimages\u002Fhelp\u002Fpricing-your-inventory\u002Fset-custom-prices-for-days-of-the-week\u002Fset-custom-prices-for-days-of-the-week-1.png",[11,196,197],{},"In this example, the standard price for the item is $200 per day.  Using the price adjustment feature, the item will be priced at $25 more for rentals on Saturdays.  You may also enter a negative value (for example, -5) if you would like to offer a discount on particular day(s) of the week.  Once you have selected the day(s) the pricing should be adjusted and the amount to be adjusted, click the Submit button to save your settings.",[11,199,200],{},"Here's a video further detailing how to configure the price adjustment feature for your products.",{"title":19,"searchDepth":41,"depth":41,"links":202},[],"August 5th, 2021 by rentmysupport","If you charge different prices for rental items based on the day of the week the rental is scheduled, you can use the RentMy price adjustment feature. The price adjustment feature permits you to estab",{},"\u002Fhelp\u002Fpricing-your-inventory\u002Fset-custom-prices-for-days-of-the-week",{"title":175,"description":204},"https:\u002F\u002Fhelp.rentmy.co\u002Fset-custom-prices-for-days-of-the-week\u002F","help\u002Fpricing-your-inventory\u002Fset-custom-prices-for-days-of-the-week","lQ4APJuzTj-PNk5hEbcpTF4M9KPr_LiVU6OiE1AAjEU",{"id":212,"title":213,"body":214,"category":43,"date":263,"description":264,"extension":46,"meta":265,"navigation":48,"path":266,"seo":267,"source":268,"stem":269,"__hash__":270},"help\u002Fhelp\u002Fpricing-your-inventory\u002Fsetting-up-recurring-billing-for-rentals.md","Setting Up Recurring Billing For Rentals",{"type":8,"value":215,"toc":261},[216,219,222,225,228,233,236,239,242,247,250,253,258],[11,217,218],{},"If you offer longer term rentals (or rent-to-own), the RentMy Auto-Recurring Billing (\"ARB\") feature may be right for your business.",[11,220,221],{},"ARB permits your customers to establish open-ended or long-term rentals and pay on a recurring basis (instead of paying for the entire rental term at once).",[11,223,224],{},"ARB is a premium feature, so you may need to contact us to enable this feature.",[11,226,227],{},"Once enabled, visit the Business Settings > Checkout Settings > Settings menu to select when customers will be billed for their recurring\u002Flong-term rental.",[11,229,230],{},[17,231],{"alt":19,"src":232},"\u002Fimages\u002Fhelp\u002Fcart-checkout-options\u002Fsetting-up-recurring-billing-for-rentals\u002Fsetting-up-recurring-billing-for-rentals-1.png",[11,234,235],{},"Once you chosen the billing method (standard, bill at the start of each rental period or at the end of the rental period), click \"Submit\" to save your selection.",[11,237,238],{},"Now visit the Inventory > List menu to set up the recurring pricing options.",[11,240,241],{},"On the pricing tab, populate the duration of the rental (number of weeks or months), the price, and the number of recurring \"terms\".",[11,243,244],{},[17,245],{"alt":19,"src":246},"\u002Fimages\u002Fhelp\u002Fcart-checkout-options\u002Fsetting-up-recurring-billing-for-rentals\u002Fsetting-up-recurring-billing-for-rentals-2.png",[11,248,249],{},"In the example above, the customer will be billed every \"1\" week or every \"1\" month (but you can set the term to whatever you like; for example, you can set up quarterly billing by setting the term to \"3\").",[11,251,252],{},"Once saved, your customers will see the recurring rental options.",[11,254,255],{},[17,256],{"alt":19,"src":257},"\u002Fimages\u002Fhelp\u002Fcart-checkout-options\u002Fsetting-up-recurring-billing-for-rentals\u002Fsetting-up-recurring-billing-for-rentals-3.png",[11,259,260],{},"Connecting your approved merchant processor will automate the billing, and the customer will be charged at the frequency you established.",{"title":19,"searchDepth":41,"depth":41,"links":262},[],"January 4th, 2021 by rentmysupport","If you offer longer term rentals (or rent-to-own), the RentMy Auto-Recurring Billing (\"ARB\") feature may be right for your business. ARB permits your customers to establish open-ended or long-term ren",{},"\u002Fhelp\u002Fpricing-your-inventory\u002Fsetting-up-recurring-billing-for-rentals",{"title":213,"description":264},"https:\u002F\u002Fhelp.rentmy.co\u002Fsetting-up-recurring-billing-for-rentals\u002F","help\u002Fpricing-your-inventory\u002Fsetting-up-recurring-billing-for-rentals","LJePzqax_J3xJO5Kq-sioMrL35Opg-2VpgsMTYhS77k",{"id":272,"title":273,"body":274,"category":43,"date":292,"description":293,"extension":46,"meta":294,"navigation":48,"path":295,"seo":296,"source":297,"stem":298,"__hash__":299},"help\u002Fhelp\u002Fpricing-your-inventory\u002Fwhy-was-my-inventory-double-booked.md","Why was my inventory double booked?",{"type":8,"value":275,"toc":290},[276,279,284,287],[11,277,278],{},"Some clients use RentMy to track the location of inventory but are not concerned with managing the start & end date of rentals.  To address this situation, we offer a \"Basic\" pricing option, which charges for an indefinite rental.",[11,280,281],{},[17,282],{"alt":19,"src":283},"\u002Fimages\u002Fhelp\u002Finventory\u002Fwhy-was-my-inventory-double-booked\u002Fwhy-was-my-inventory-double-booked-1.png",[11,285,286],{},"Due to the features of this pricing controller, RentMy does not track (or predict) when a rental item is to be returned.  Products with \"Basic\" pricing may be booked without verifying availability.",[11,288,289],{},"To prevent double-booking\u002Fover-booking of inventory, use the Standard or Advanced pricing controller for your inventory.",{"title":19,"searchDepth":41,"depth":41,"links":291},[],"May 9th, 2022 by rentmysupport","Some clients use RentMy to track the location of inventory but are not concerned with managing the start & end date of rentals. To address this situation, we offer a \"Basic\" pricing option, which ",{},"\u002Fhelp\u002Fpricing-your-inventory\u002Fwhy-was-my-inventory-double-booked",{"title":273,"description":293},"https:\u002F\u002Fhelp.rentmy.co\u002Fwhy-was-my-inventory-double-booked\u002F","help\u002Fpricing-your-inventory\u002Fwhy-was-my-inventory-double-booked","FjHyT4rpgr7C70g34dt5vXfnlTl9cEtOxiPDFebCXVA",1781682928382]