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Pricing Models

A pricing model defines how a price is calculated for a category or booking. Each category can be assigned exactly one pricing model. A booking may consist of several line items from different categories. The My Rental app offers volume pricing models and tiered pricing.

Volume Pricing Model​

The volume pricing model lets you set prices based on the rental duration.

Example scenario:

The Mountain Bike category is assigned the pricing model shown below, using volume-based calculation. A customer rents two mountain bikes for 10 days. The price is calculated as follows:

  • 10 (days) * 2 (units) * 12 € = 240 €
  • Total price: 240 €
TierPrice per time unit (day) and tier
up to 7 days15 €
from 8 to 14 days12 €
from 15 days10 €

Tiered Pricing​

Alternatively, prices can be calculated in tiers. This means the rental duration is split across the price tiers. In general, this calculation results in higher prices.

Example scenario:

The Mountain Bike category is assigned the pricing model shown below, using tiered calculation. A customer rents two mountain bikes for 14 days. The price is calculated as follows:

  • Tier 1: 7 (days) * 2 (units) * 15 € = 210 €
  • Tier 2: 7 (days) * 2 (units) * 12 € = 168 €
  • Total price: 378 €
TierPrice per time unit (day) and tier
up to 7 days15 €
from 8 to 14 days12 €
from 15 days10 €