The IRP Advanced Pricing feature allows you to charge specific prices for specific products in specific countries. Some businesses may be required to do this by their suppliers. It may also be useful for ‘vanity pricing’ purposes – setting your prices to rounded numbers so as to avoid exchange-rate set prices.
To use the Advanced Pricing feature, carry out these straightforward steps using the sequence suggested:
- Configure specific currencies to use Advanced Pricing.
- This simply involves clicking the 'Enable Advanced Pricing' button for the currency you are editing on the CurrencyEdit.aspx page.
- See How to Add or Edit Currencies for details.
- Configure fixed prices for your stock using the currencies you have enabled.
- You can do this for individual items (using the AdvancedPricing.aspx page) or in bulk (using the AdvancedPricingDataImport.aspx page).
- See the Stock Prices help topic for configuring individual items or the Bulk Import Prices topic for details on using the bulk-upload method.
- Optionally, configure 'Additional Display Currencies' for countries so that customers from those countries can see only a specific set of prices or only their country-default prices.
- You control this using either the ‘Restrict Currencies To Display Currencies Only’ or ‘Show Only Default Currency When No Display Currencies Available’ Application Settings. This can help to prevent customers ‘playing the exchange rate game’ by selecting a currency that works in their favour to get a lower price.
- See How To Add or Edit a Shipping Country for more details.
- Ensure that the IRP Exchange Rate web service is running so that your standard prices are correctly updated.
- Note: We recommend that you do not fix your exchange rates.
- We also highly recommend that you use Advanced Pricing in conjunction with native charging in the currencies you have selected to make full use of the module, but the IRP will still charge the equivalent of the fixed price in your site’s default currency if you choose not to. In this scenario, the end customer will be charged the exchange rate set by their payment provider (card issuer, PayPal, etc.) and therefore the final price paid may differ up or down from the price advertised on site.
Once configured, the IRP Advanced Pricing feature ties in automatically with your system emails and with all Google and Bing Shopping feeds. Note that you should inform your PPC Service Provider in advance that you are switching on Advanced Pricing and ensure that the Feed Specifications in your IRP are updated to the latest versions.
