Psychological pricing allows you to set price points. This is useful when using price updates from supplier files and other automatic price updates. Customers, on the most part, are used to seeing prices as $x.99 and psychological pricing can produce these results for you.

Activating Psychological Pricing

You will need an activation code provided by RxOne.

From the POS Settings tab in Options, click Psychological Pricing, tick the Psychological check box and enter the code given. RxOne will display the options for psychological pricing.

Changing Price Points

RxOne has the following defaults:

• between xx.00 and xx.50 rounds up to xx.50. Example $19.25 will be repriced to $19.50

• between xx.51 and xx.99 rounds up to xx.99. Example $19.51 will be repriced to $19.99

You can delete existing price points by selecting a price point and clicking delete.

Add new price points by clicking Add and entering:

• lowest cents amount

• highest cents amount

• the amount to round to

You can check the rounding values by entering an amount and clicking Test Value

Repricing

Changes to psychological pricing will only take place when you update the prices on stock cards. There will be no change in retail price until that time. There are a number of ways to reprice stock cards:

Supplier Update

You can update items in a stock card using the supplier update module. This method uses the supplier files to check for changes in List Cost, and reprice items. Psychological pricing will take effect from this point, and new shelf labels or price stickers can be printed.

More information can be found here: Supplier Price File Update

Orders

You can update prices while receiving orders. Using this method means that you will only be repricing items as they arrive in store.

More information about repricing in the orders screen can be found here: (link to orders module)

Individual Stock Cards

You can change the price in individual stock cards. Psychological pricing will automatically change the price based on the rounding options you have set.

Bulk Stock Edit Utility

Prices can be changed in the Bulk Stock Edit Utility. This utility allows you to select products using a variety of filters. More information can be found here: (link to bse)

Preventing Repricing on Selected Stock Items

You can use the Bulk Stock Edit utility to prevent rounding on a range of stock items. In Bulk Stock Edit Utility, go to the Select Options Tab, select Rounding Type and select No Rounding.