Functional pieces of the program
• Pass item – Unit value cards are pass products that can be sold with a certain number of points for a certain price. A value per point is calculated depending on the final price of the pass product when sold.
Example:
A card with 5 points is sold for $200. The value per point or unit value is set to $40.
• Redemption items – The unit value card is then used to validate the sale of other items (Items that are configured with required or optional validation.) The price of the item being validated is adjusted to the current “unit value” of the card validating the sale and, typically, a point is deducted. Optional: A special can be configured that is automatically applied to the item at the time of a successful validation, which can be used to record the difference in the pre-validation price vs. the post-validation price of the item.
Example:
A Lift Ticket that costs $50 is validated with the unit value card above. With a successful validation, the price of the Lift Ticket is altered to $40 and a special is automatically applied to the Lift Ticket item that reflects the $10 discount. One point is deducted from the card.
Adding points to an existing unit value card: Points can also be added to a card by using validation products. When points are added to a unit value card, a new unit value is calculated based on value remaining plus the new value (price of the “add points” item) divided by total number of points.
Example:
The unit value card above now has 4 remaining points and a current unit value of $40. An “add 2-points” product that costs $50 is sold and validated by the unit value card. The new unit value of the card is: $35 and it has 6 total points that may be used for redemption.
The new “unit value” is calculated by multiplying the current number of points by the current value (4 points X $40 = $160), adding the new value to the existing value ($50+160=$210), and dividing the total value by the total points (4 existing points plus 2 more points = 6 points; $210 divided by 6 = $35).