7. Discount, Coupons and Gift Certificates
fmDiscountCoupons - Discount, Coupons and Gift Certificates Section
Discount
In finance and economics, discounting is the process of finding the present value of an amount of cash at some future date, and along with compounding cash forms the basis of time value of money calculations.
The discounted value of a cash flow is determined by reducing its value by the appropriate discount rate for each unit of time between the time when the cash-flow is to be valued to the time of the cash flow.
Most often the discount rate is expressed as an annual rate.
With the help of discount tab you can manage X-Cart orders discounts. You can Refresh , Add , Edit or Delete Discount.
When you press Add or Edit buttons Store Manager calls Edit Discount Window.
Order Properties includes:
- Order Total
- Discount ID
- Discount type - may be Absolute, $ or Percent (%)
- Provider - choose your provider name
- Membership
Press 'Ok' button to save changes.
You can manage all meanings manually for customer or make general X-Cart product discounts.
Coupons
In marketing a coupon is a ticket or document that can be exchanged for a financial discount or rebate when purchasing a product. Customarily, coupons are issued by manufacturers of consumer packaged goods or by retailers, to be used in retail stores as a part of sales promotions. They are often widely distributed through mail, magazines, newspapers, the Internet, and mobile devices such as cell phones. Internet coupons have become popular recently, because there is no postal cost, and the printing cost is borne by the user (who prints the coupons) rather than the businesses issuing them.
With the help of Coupons tab you can manage your X-Cart consumers Coupons. You can Refresh , Add , Edit or Delete Coupons:
When you press Add or Edit buttons Store Manager calls Edit Coupon Window.
Coupon Properties includes:
- Coupon Name
- Provider - choose your provider name
- Discount - enter your X-Cart coupon discount or calculate it
- Coupon Type - % off, $ off or Free Shipping
- Status
- Expires date and time
- Times to use - how many times / Per customer.
You may Apply discount in X-Cart to:
- Order Subtotal is ... and you can fix the price
- Product - make discount for certain X-Cart product
- Category - make discount for certain category / subcategories
Press Ok button to save changes.
Gift Certificates
You can also manage gift certificates for your clients with the help of corresponding tab. You can Refresh , Add , Edit or Delete Gifts
When you press Add or Edit buttons Store Manager calls Edit Gift Certificates Window.
Gift Certificates details include:
- Gift Certificate ID
- Order ID
- From - your Store
- To - Customer
- Message - congratulations
- Amount
- Debit
- Status
- Time to use
- And Delivery (Customers) information
Press 'Ok' button to save changes.