When setting up your Reward Points system, consideration should be given to:
the amount of money a customer must spend before earning a single Reward Point
the amount of Reward Points a customer must earn before they can spend $1
The higher the monetary value in the Redemption Ratio, the more the customer must spend to earn the points.
Conversely, the lower the number, the more points they will earn.
To opt out of the FrameReady Rewards Program, clear the two fields below.
In the example above, customers receive 10% off their purchases and only need to spend $10 to earn $1 off their next purchase.
The two examples (shown below) both earn 1% off purchases. But, in Example A, a $90 purchase earns no points while, in example B, it earns 9 points. The customer in Example A will not earn a $1 discount until they have an invoice with a subtotal greater than $100. While the customer in Example B, will collect points for all purchases greater than $10 and only needs to spend another $10 to earn $1 in reward points.
Redemption Value = Reward Value divided by the number of Reward Points needed. For example:
If you want to give a $25 discount when customers have spent $300, then divide 300 by 25. Put the result, 12, into the "To Earn 1 Point, a Customer must spend" field. Keep the second field at 1. Later, when the customer has spent $300, they will have 25 Reward Points in their file with a redemption value of $25.
Determines the number of points given to the customer.
Enter the monetary / dollar value which must be spent in order for the customer to earn one point (calculated on the sales total before taxes).
FrameReady automatically defaults down, e.g. if the subtotal is $19, the customer receives one point. If it is $22, the customer receives 2 points.
Determines how many points the customer must earn before receiving one Dollar (or Euro, or Pound).
Set how many points = Dollars (or Euros, or Pounds) for when customers redeem their points.
Leave empty if customers must pay the tax(es) on sales to which Reward Points are applied.
In some states, a monetary value earned through a point system cannot be used to pay sales tax. Check with your accountant before checking this box.
The dollar value (of an Invoice) required to earn a single Reward Point (calculated only on the sales total before taxes).
FrameReady automatically defaults to round down. For example, if the sale was $19, then the customer would receive one point. If the sale was $22, then the customer would receive two points.
The ratio of dollars to points can also be changed for the individual customer on their record in the Contacts file. This will over-ride the default set up in the Main Menu.
The number of Reward Points required in order to discount an Invoice by $1.00 (or Euro, or Pound)
Shop owners may chose this option by clicking in the box.
If you cannot (or do not want to) use Reward Points to pay for taxes, then the Reward Points should be redeemed as a tender. See: Redeem Reward Points
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