Description
Optimizing Pricing Strategy with YITH Dynamic Pricing per Payment Method for WooCommerce
The YITH Dynamic Pricing per Payment Method for WooCommerce plugin is a strategic solution for e-commerce stores looking to optimize their pricing based on the payment method selected by the customer. This plugin enables you to add a fee or offer a discount on the cart total depending on the chosen payment method.
Key Benefits of Dynamic Pricing
- Cost Management: Avoid losses due to high fees from certain payment gateways by adjusting prices accordingly.
- Increased Profit Margins: Substantially increase your profit margins by reducing transaction costs and strategically managing pricing.
Strategic Pricing Decisions
Setting the right final price for products is critical in e-commerce. The YITH Dynamic Pricing plugin allows you to adjust prices at the moment a customer picks their payment method. This approach prevents the need to increase product prices across the board, enabling more competitive pricing and potentially increasing sales.
Implementing this plugin allows for more flexible and strategic pricing decisions, adapting to various payment methods without compromising on profit margins or customer experience.
Key Features in YITH Dynamic Pricing per Payment Method for WooCommerce:
- Associate a different fixed discount to each payment method available on your shop
- Create a set of different price rules for each payment method available
- Apply a cart surcharge or discount based on the selected payment method
- The price variation can be either a fixed or a percentage amount based on the cart subtotal
- Add a note concerning the selected payment method in the checkout form
- Choose the user roles to which the rule will apply
- Apply rule if certain products are in cart New
- Enable the rule only if the cart subtotal matches the minimum and maximum values defined
- Include or exclude tax from the cart amount, on which the price variation applies after selecting the payment method
- Schedule a payment-method-based rule by selecting start and end date
- Integration with YITH WooCommerce EU VAT, OSS & IOSS
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