Margin rules + currencies
Turn the margin dial.
Suppliers give you a net rate. Your rules decide the price the customer sees, in their own currency.
How do margin and markup rules work?
The short answerA supplier quotes a net rate. A rule adds your share to reach the selling price. Markup is a percentage added on top of net; margin is a percentage of the final price. A 20% margin on a $100 net rate sells at $125, not $120. Rules can differ by product, such as standard or zero-deductible cover.
sample A made-up $100 net rate and made-up exchange rates. Not real prices.
Supplier net$100.00
Customer pays$125.00
Your margin$25.00
How are multiple currencies handled?
The customer sees and pays in their own currency. niftiOS converts the supplier's net rate, applies your margin, and can add a small FX buffer to cover exchange-rate movement between booking and payment to the supplier. niftirent.com charges in US and Canadian dollars, euros, pounds and Australian dollars.
Why not always be the lowest price?
Because the lowest price rarely includes the same cover, terms and help when something goes wrong. Good rules price the whole rental honestly, so there are no surprises at the counter.