A Price Tier allow you to create and manage multiple price lists tailored client bases, apply margins, or align with specific contractual agreements. They also accommodate region-specific currencies, making them useful for businesses operating across multiple markets.
To set up the new tier, Navigate to Settings > Price List, and click on the arrow in the blue contained within + New Item and select New Price Tier from the drop-down menu. You will be prompted to include a name and a currency from the drop-down menu, click Create Tier.
The new tier will be created using the default rates for items in your current Price List.
Once the new pricing tier has been created, open Items in the Price List that need to be updated to reflect a different amount. This can be updated by clicking on the Line Item and in the bottom section, titled Tier Pricing and entering the amount. When you have finished inputting information, click Save Changes.
In this example you can see there is more than one (1) pricing tier in operation.
For more information on how to update, or delete a Price List Item please refer to the Knowledge Base article Modify or delete a Price List Item.