Posts Tagged: pricing

Reducing International Price Fluctuations

3 minute read time · Updated March 13, 2024 · First published July 8, 2017
 
 
 
 
 

As you may be aware, we are a UK based business. Consequently, our “base” pricing is in Pound Sterling (GBP).

However our customer base is global, with around 70% of our customers residing outside the UK.

Because of our global reach, we also accept payment in a variety of other currencies too. This includes Australian Dollar (AUD), Canadian Dollar (CAD), Euro (EUR), and US Dollar (USD).

As our core pricing is referenced back to Pound Sterling (GBP), our systems routinely retrieve daily the current exchange rates between GBP and each of the other currencies we support. We obtain our exchange rates from the ECB (European Central Bank). We then use this data to automatically adjust the prices you see on our website. This occurs each day and for transparency, we display the date & time when the exchange rates were last updated.

This may mean that if you view international (non-Sterling) pricing on our website on any given day, and then check back another day the prices may have changed from those listed upon your initial visit.

Now, this doesn’t necessarily mean that the prices you’ll see on your return visit will be higher. In fact, in many cases they may be lower! Indeed, since the UK voted to leave the EU back in June last year, our non-Sterling prices have been on average 10% lower than they were before 23rd June 2016.

We’re committed to fair and transparent pricing. Our core Sterling pricing for MIDAS has remained fixed for a number of years now and has not been raised as a result of the UK’s decision to leave the EU.

However, due the wider instability and uncertainty in global markets that have become more prevalent in recent times, as a result of – for example, Brexit and the Trump presidency – this had tended to mean that our international prices have fluctuated a little more day to day than they have done previously.

Therefore, for the benefit of all our customers, we’ve now introduced a small improvement in the way that our systems automatically adjust our international (non Sterling) pricing each day.

Increasing Exchange Rate Stability

Instead of using the current exchange rates on each specific day itself in isolation, our systems now take an average of the daily exchange rates over the previous 7 day period. Effectively, we’re now using a “rolling 7 day average” to adjust our international prices.

This helps smooths out and reduce small price fluctuations you may see on our website from day to day!

We also know that many organizations require a formal fixed-price quotation. We’re very happy to provide quotations upon request. The prices given on these quotations would be fixed for a period of 30 days. Please contact us for a quote today if interested!

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Longer trial periods and 2016 prices held or reduced!

2 minute read time · Updated January 6, 2023 · First published January 4, 2017

Happy New Year!!

It’s the start of a brand-new year, 2017, and so usually it’s around this time that many businesses quietly put up their prices…

Well, not here at MIDAS!! As you may know, we’re a UK based business, and not only have we held our 2016 prices for UK customers going into 2017, but given the short term fluctuations in value of the British Pound since the UK’s decision to leave the EU back in June, our prices for non-UK customers today are actually around 14-20% LOWER than they were at this time last year!

So there’s really never been a better time to get MIDAS! Make it your new year’s resolution to get your organization’s scheduling and room bookings back on track in 2017 with MIDAS!

What’s more, in 2017 we’re extending private trial periods of our software. Most who first explore a private trial of MIDAS and go on to purchase determine that MIDAS is right for them within their two-week private trial period (in addition of course to our public demo of MIDAS – which has no time limit). However, we appreciate that due to the extensive range of capabilities of our software, some customers prefer a little longer to be able to fully explore the features that MIDAS has to offer.

That’s why in 2017 we’re increasing the length of the trial periods we offer from 14 to 30 days!

If you’re considering MIDAS as an alternative to your current room/resource scheduling system, you can activate a free no-obligation 30 day trial here.

2016 marked our 10th anniversary, and we hope to bring you more exciting updates to MIDAS throughout 2017!

We hope 2017 is a prosperous year for you and your business, and we’d love to get MIDAS working for your organization and make your life easier in 2017 and beyond…

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Introducing Our New Pricing Structure

4 minute read time · Updated February 14, 2025 · First published August 1, 2012

When MIDAS was first release back in 2005, we sold copies of our software for a “fixed price”. This same principle has remained in effect ever since. Now, after careful consideration, we’ve decided to change our pricing structure to coincide with the release of MIDAS v4.

The primary reason for this change is to ensure fairness for all our customers. We also want to facilitate greater access to our software to a wider audience. Under the previous “fixed price” pricing structure, a small organization with one administrator and a handful of rooms was paying the same price for MIDAS as a large organization with dozens of administrators and hundreds of rooms. To us, this didn’t seem fair!

The idea behind MIDAS “Lite”

That’s one of the reasons why last year we introduced a “cut-down” version of MIDAS, that we called MIDAS Lite. MIDAS Lite was designed to cater for smaller organizations and those on tighter budgets. MIDAS Lite was limited to 10 bookable spaces and a single user. It also didn’t include functions such as Statistics or Invoicing.

Replacing MIDAS “Lite”

With the release MIDAS v4, we’ve dropped our “Lite” edition of MIDAS, and changed our pricing structure. Now, the price you’ll pay for MIDAS will depend upon both the number of bookable spaces (venues) you wish to manage, and the number of user accounts required.

The new basic price for MIDAS will allow for a single user and up to 10 venues. This is similar to the previous limits that MIDAS Lite had. The new basic price includes all the features and functions of MIDAS (including Invoicing, Statistics, and Public Booking Requests, etc)

If you have more than 10 venues, or require multiple users have access, pricing options are available to meet your needs. You can also upgrade at any time to more venues/users. So as your business develops and grows, MIDAS can grow with you!

There are also “Unlimited” options available for both Venues and Users. Unlimited licenses remove limits on the number of venues and/or users you can add to your MIDAS system.

Our support/subscription pricing structure will also be updated to reflect the number of venues/users in your MIDAS.

How these changes will affect existing users

If you purchased MIDAS before 1st August 2012 and have a valid Annual Support Subscription, you’ll be entitled to a FREE update to MIDAS v4!

Users of MIDAS Lite will be entitled to upgrade to MIDAS with 1 user and 10 venues. These are the same limits you had in MIDAS Lite.

If you were using the full edition of MIDAS v3, there were no restrictions on the number of venues/users you could add to your system. For MIDAS v3 users, the same unlimited restrictions will apply when you update to MIDAS v4!

That’s right, existing customers will not have any limits imposed on the total number of venues/users they can add to MIDAS v4!.

We care a great deal about our existing customers, many of whom have been with us since the start! That’s why there will also be no increases in “Annual Support” or “Hosting + Annual Support Subscriptions” for existing customers! In fact, around 30% of existing customers (those with few users/venues) will actually find that their Annual Support/Hosting Subscriptions will decrease upon their next renewal!

We believe our new pricing structure, coinciding with the major new release of MIDAS v4, will be fairer for all. It will help make MIDAS more accessible to all organizations whatever their size!

As ever, we remain totally transparent and upfront about our pricing! Unlike many of our competitors who don’t display their pricing on their websites, our prices are always plainly shown at https://mid.as/pricing.

If you have any questions about our new pricing structure, please feel free to contact us.

UPDATE: Our cloud-hosted pricing model was subsequently updated again in 2020

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