Reward Point Mod beta now available

[hem]

Yeah I see your point. So another question, what about when they do redeem the points and you have to ship out the product. Anyone have any idea's on how to offset the cost, from a business prospective (since points really only monopoly money)? lol

for my i am thinking of just putting the points funds from the orders in an high interest savings, so when the points are redeem, it cost me nothing to ship.

example

5000 points = $50.00 in really dollars, well set aside in a high interest savings account.

any thoughts?

Add a Config item which allows reward points only to be redeemed against other products and not shipping???

And I'll move the rounding to the final total rather than each item.

Finally there was an earlier question about what the reward points are based on- They are rewarded against the base price of any product so sales and specials are not currently taken into effect.

[JC67]

Add a Config item which allows reward points only to be redeemed against other products and not shipping???

actually I was talking about the product. When someone redeems points (example on my site a camcorder $900)

They have enough points to buy a $900 camcorder. I need to pay for that product somewhere, but the reward points really have no money value. So i have to pay for the camcorder at my own expense (says my cost $600 for the camcorder). I was just looking for Idea's on how to offset this. my thought on how i would do this is:

customer earns 5000 reward points on an order, which translate to $50. I would just take $50 from my profit of that order and put in a high interest savings, until the customer actually used the points, plus I would be earning interest.

So just wondering how others are doing this. : )

[yellow1912]

huh? give them a reasonable percent only. Say 10% or 5% of the total (depends on your percent of profit)

[hem]

actually I was talking about the product. When someone redeems points (example on my site a camcorder $900)

They have enough points to buy a $900 camcorder. I need to pay for that product somewhere, but the reward points really have no money value. So i have to pay for the camcorder at my own expense (says my cost $600 for the camcorder). I was just looking for Idea's on how to offset this. my thought on how i would do this is:

customer earns 5000 reward points on an order, which translate to $50. I would just take $50 from my profit of that order and put in a high interest savings, until the customer actually used the points, plus I would be earning interest.

So just wondering how others are doing this. : )

If you think about it- if you are using the default values (1 point per $1 and 1 cent when redeeming) all you are really doing is giving them a 1% discount. In order for someone to buy $900 item using only reward points they would have had to have spent $90,000 at your store- And that's the kind of customer you want to keep

[JC67]

If you think about it- if you are using the default values (1 point per $1 and 1 cent when redeeming) all you are really doing is giving them a 1% discount. In order for someone to buy $900 item using only reward points they would have had to have spent $90,000 at your store- And that's the kind of customer you want to keep

So true!