CasperLet/Credit Remaining: Difference between revisions

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This credit will gradually count down over time, as the credit gets used up by the cost of the rental. This figure is intended to represent the amount of L$ which the tenant has paid, minus the charge for the rental time thus far.
=== What is this for? ===
This credit reflects what's actually been PAID into the rental unit - whether directly by the tenant or by someone else - and subtracts the charge for the rental time used since the money was last paid into the unit.  


Here's how the value is calculated:
This credit will gradually count down over time, as the credit (and resultant time!) gets used by the tenant in the rental.


* Any L$ paid to the meter, minus discounts, is added as credit.
Eventually, this value will be used by the CasperLet refund function once it's ran for a while and is available on a majority of rentals (only new tenancies will log the data needed for this).


* The credit will slowly reduce as per the rental cost (so, if the rental is L$200 per week, then 0.00033 L$ will be deducted per second (equalling L$200 per week).
In the meantime, this value should accurately show how much L$ (that has been paid in) is "unused", which might be useful if you want to refund a customer manually.


* Any rental time adjustments or bonuses will *not* affect the credit ledger. The only way to increase the credit is to pay the meter with L$ (or use the API to simulate that).
=== How is this calculated? ===
 
Here's how the value is calculated:
== What is this for? ==


This value will be used by the CasperLet refund function once it's ran for a while and is available on a majority of rentals (only new tenancies will log the data needed for this).
: * Any L$ paid to the meter, minus discounts, is added as credit.
: * The credit will slowly reduce as time goes by on the rental (so, if the rental is L$200 per week, then 0.00033 L$ will be deducted per second (equaling L$200 per week).
: * Any rental time adjustments made via the website, or rental bonuses you have set up, will *not* affect the balance on credit ledger.  


In the meantime, this value should accurately show how much L$ is "unused", which might be useful if you want to refund a customer manually.
The only way to increase the credit is to pay the meter with L$ (or use the API to simulate that).


== What happens when credit reaches zero? ==
=== What happens when the credit balance reaches L$0? ===


It will remain at zero until paid.
It will remain at zero until someone pays L$ into the rental  unit again.


It doesn't go into arrears because that would penalise tenants for using any free/bonus time.
The credit balance will NOT force a unit to go into arrears because that would penalise tenants for using any free/bonus time.


Please note, the meter itself will still go into arrears as before, this doesn't the tracking of payment for overdue time in any way.
=== What happens if the rental unit goes overdue? ===


== What happens if the meter goes overdue? ==
The rental unit's "overdue" status is NOT tied to the credit balance. Whether or not there is a credit balance does NOT impact tracking of the passage of time for the rental itself.


If there's still credit, it will continue to deduct while the meter is overdue, until it reaches zero. This situation may occur if a manual time reduction is performed.
If there is still credit, the credit balance will continue to decrease while the meter is overdue, until it reaches zero. This situation may occur if a manual time reduction is performed.

Revision as of 23:56, 10 June 2024

Any new tenancies which started after Monday, June 10th 2024, 07:00:00 (PDT) will now track "Credit".

Click to see larger image

What is this for?

This credit reflects what's actually been PAID into the rental unit - whether directly by the tenant or by someone else - and subtracts the charge for the rental time used since the money was last paid into the unit.

This credit will gradually count down over time, as the credit (and resultant time!) gets used by the tenant in the rental.

Eventually, this value will be used by the CasperLet refund function once it's ran for a while and is available on a majority of rentals (only new tenancies will log the data needed for this).

In the meantime, this value should accurately show how much L$ (that has been paid in) is "unused", which might be useful if you want to refund a customer manually.

How is this calculated?

Here's how the value is calculated:

* Any L$ paid to the meter, minus discounts, is added as credit.
* The credit will slowly reduce as time goes by on the rental (so, if the rental is L$200 per week, then 0.00033 L$ will be deducted per second (equaling L$200 per week).
* Any rental time adjustments made via the website, or rental bonuses you have set up, will *not* affect the balance on credit ledger.

The only way to increase the credit is to pay the meter with L$ (or use the API to simulate that).

What happens when the credit balance reaches L$0?

It will remain at zero until someone pays L$ into the rental unit again.

The credit balance will NOT force a unit to go into arrears because that would penalise tenants for using any free/bonus time.

What happens if the rental unit goes overdue?

The rental unit's "overdue" status is NOT tied to the credit balance. Whether or not there is a credit balance does NOT impact tracking of the passage of time for the rental itself.

If there is still credit, the credit balance will continue to decrease while the meter is overdue, until it reaches zero. This situation may occur if a manual time reduction is performed.

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