Unit value programs provide a way for guests to pre-purchase a certain number of days/admissions, yet allow the revenue to be distributed when the days/admissions are actually redeemed. This program works with the Points 1/Money 1 or Points 2/Money 2 combinations of fields.

 

A 5-Admission Card is purchased by the guest for $100.00. The Unit Value of the card is $20 ($100 / 5 points). When the guest redeems the card the operator adds an item to the sale that is configured with either forced or optional validation. The operator enters the pass number (or card number from the swipe_no field). The price of the item is adjusted to $20 – the Unit Value of the card. The operator may then finalize the sale to a payment type configured for this program. The guest now has 4 points. The total card value is $80 ($20 x 4 points).

 

This program also allows guests to load their card with additional points to be used for additional days/admissions. When this happens, the Unit Value of the card is re-calculated.

 

The card in the example above is currently worth $80 ($20 unit value x 4 remaining points). The guest purchases 3 more points for $75. The card now has 7 total points with a new unit value of $22.14 (current value of $80 + new value of $75 = $155 divided by total points of 7 = $22.14). The next time the guest redeems his card for a ticket, the price of the ticket is adjusted to the new unit value of $22.14.

 

It is very important that the accounting department be involved in implementing these types of programs, as they involve several decisions regarding profit centers and payment types.

 

Example: