Charge types and models

Loopit offers a comprehensive billing engine that allows you to control every aspect of your packages offered to customers.

Billing models

Once off

Once off billing models mean this charge will be applied once per booking regardless of duration, program type or recurring billing. For example an activation fee would be set as once off billing model as it should only be applied once.

Ongoing

Charges that are ongoing will be applied and calculated per billing frequency.

Example rental; A daily rate is configured as ongoing and will be multiplied by the duration of the booking. A 5 day booking would equal that charge being multipled by 5.

Example subscription; A monthly subscription fee would be applied each month the booking is active and ongoing.

Pricing models

The available pricing models will depend on the billing model selected. When once off is selected the only pricing model currently available is Flat fee.

For ongoing we support;

• Flat fee

• Unit pricing (not applicable for duration of booking e.g. days. Used for add ons like additional drivers)

• Volume pricing

Model	Supported package types
Flat fee	Rental Subscription
Unit pricing	Rental Subscription	Unit pricing is only available for certain billable metrics. We currently support drivers as a billable metric. For example a charge for "Additional drivers" would be created as an ongoing billing model, unit pricing for the pricing model and billable metric set as "Drivers".
Volume pricing	Rental	Used to offer discounts based on the booking duration. For example you can configure different rates based on the duration. See below.

Volume pricing configuration

This is used to offer discounts based on the duration of the rental booking.

In the above example if a booking length is less than or equal to 5 days it would be $100 x number of days. If the booking length is equal to or greater than 6 but less than or equal to 10 it is $90 x number of days. For 11 days or greater, as the To input is empty, it is $80 x number of days.

Billable metrics

This option controls what metric we are using for the charge calculation. When an ongoing billing model is selected with either unit or volume pricing model a billable metric is required.

Unit pricing - current options are Drivers. Use this to control prices for additional drivers.

Volume pricing - current options are "Booking duration". See volume pricing configuration above.