Program Types
Last updated
Last updated
Loopit offers flexibility in managing various program types to suit your business needs. Whether you’re running rental services, car subscriptions, or a combination of both, you can easily configure the right package type to meet your requirements.
This guide will walk you through the process of setting up program types in Loopit, specifically Rental and Subscription packages, and explain how to configure them based on your business model.
Navigate to Settings
In the left-hand menu, go to Settings.
From there, click on Packages.
Create a New Package
Click on New Package to begin the setup process.
You’ll be prompted to fill in details such as:
Name
Internal Reference
Description
Choose Your Program Type:
One of the key configuration options is the Program Type.
Click the information icon next to Program Type for more details, but here are the two available options:
Rental:
Typically used for daily rates.
Generally involves upfront or one-time payments for a set period.
Ideal for short-term rental businesses that charge customers based on their daily usage.
Subscription:
Used for longer-term engagements with open-ended pricing.
Commonly priced weekly or monthly.
Perfect for subscription models where customers are billed on a recurring basis for access to the service.
Complete the Package Setup:
Once the program type is selected, fill in the other required information (such as package name, reference, and description).
Save your settings to create the package.
The choice between a Rental or Subscription program type allows you to tailor your pricing and billing structure to your specific service offering.
Rental programs are ideal for businesses offering short-term services where customers pay for the duration of the rental period (typically daily rates) with a one-time invoice.
Subscription programs are better suited for long-term customer relationships, where customers pay on a regular basis (weekly or monthly) for continuous access to the service.
By setting up the appropriate program type, you can ensure that your offerings align with your business strategy, whether it’s for one-time rentals or ongoing subscriptions.