Managing Rental & Rent-To-Own Pricing

Overview

This document outlines the process for managing rental prices for retail locations who use rental and rent-to-own pricing.

Quick Links

 

Enabling Rental & Rent-To-Own Pricing 

If you would like to use rental prices on the Catalog Kiosk, please contact the Wondersign support team via email at support@wondersign.com, or via phone at 855-408-9966 (Opt 2) Monday through Friday from 9am to 6pm EST.

 

Creating a Rental Term

 

Step 1

In the Google Chrome web browser, login to my.catalogkiosk.com

gs2.png

 

 

Step 2

To set the prices on the kiosk, click on Content from the navigation menu across the top, then choose Prices:

gs14.png

 

 

Step 3

From the pricing page, select "Manage Everyday Normal Prices":

pricing.png 

Step 4

Select the desired pricing rule to create a rental price for:

  1. Import pricing from file allows you to upload a custom spreadsheet of prices
  2. Pricing setup in the Base Rule is considered “global”, and the pricing rules will apply to all products in all categories.
  3. Category Rules allow prices to be set for a specific to a category of items.
  4. Product Rules work the same way that Category Rules do, the key difference, is that the changes made in Product Rules only apply to specifically chose SKUs

In this article, we will be setting global prices by using the Base Rule. For more information on managing Category Rules & Product rules

 

gs16.png

 

 

Step 5

After clicking on "Edit Base Rule," Select "Add Rental Term":

add.png 

Step 6

The "Rental Term" window will appear. Begin by creating a title for the term:

pic_1.png

Please Note: The title given to the term(s) will appear on the kiosk as follows:

rent11.png

 

 

Step 7:

Next, choose the amount of Turns for the term:

pic_2.png

Please Note: Turns is the number of times a product is marked up from cost. For example, if an item costs you $100 to purchase from the manufacturer, a turn of "4.5" will show the customer that the price of the item is $450.

 

 

Step 8

Type in the amount of payments desired, and select the period of the payments from the dropdown.

pic_3.png

Please Note: There are four terms available to choose from:

  • Weekly
  • Bi-Weekly (Payments that happen every other week)
  • Monthly
  • Semi-Monthly (Payments that happen twice a month)

 

 

Step 9

Adjust the Price Rounding feature by choosing the dropdown on the left (Options are Round Up, Round Down, or Don't Round). If a rounding option is chosen, enter the desired amount to round to in the fields to the right of the dropdown.

pic_4.png

 

 

 

Step 10

Once completed, choose one of the following options:

  1. Remove Rental Term: Choosing this option will delete the term
  2. Add Rental Term: Choosing this option allows for the creation of multiple rental terms
  3. Done: Choose this option when complete creating rental terms. Choosing "Done" will automatically save the newly created Rental Terms

done.png

 

Creating Additional Rental Terms

 

Step 1

To set the prices on the kiosk, click on Content from the navigation menu across the top, then choose Prices:

gs14.png 

 

Step 2

From the pricing page, select "Manage Everyday Normal Prices":

pricing.png

 

 

Step 3 

Select the desired pricing rule to edit the rental prices terms for:

  1. Pricing setup in the Base Rule is considered “global”, and the pricing rules will apply to all products in all categories.
  2. Category Rules allow prices to be set for a specific to a category of items.
  3. Product Rules work the same way that Category Rules do, the key difference, is that the changes made in Product Rules only apply to specifically chose SKUs

The steps below show adding additional global rental terms by using the Base Rule option. For more information on managing Category Rules & Product rules

Wondersign_Catalog_Kiosk____Project_Phoenix__.png

 

Step 4

On the Edit Base Rule screen, select "Add New Rental Term" (1). When complete, click "Done" (2).

pic_5.png

 

 

Editing an Existing Term

  

Step 1

To set the prices on the kiosk, click on Content from the navigation menu across the top, then choose Prices:

gs14.png

  

 

Step 2

From the pricing page, select "Manage Everyday Normal Prices":

pricing.png

 

 

Step 3 

Select the desired pricing rule to edit rental prices for:

  1. Pricing setup in the Base Rule is considered “global”, and the pricing rules will apply to all products in all categories.
  2. Category Rules allow prices to be set for a specific to a category of items.
  3. Product Rules work the same way that Category Rules do, the key difference, is that the changes made in Product Rules only apply to specifically chose SKUs

The steps below show editing a global rental term by using the Base Rule option. For more information on managing Category Rules & Product rules

Wondersign_Catalog_Kiosk____Project_Phoenix__.png

 

 

Step 4

On the Edit Base Rule screen, edit the information for the rental term you wish to edit.

 aaa.png

  

Step 5

When complete, click "Done" to save.

done.png

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