How do automated price changes work?

Vendors can increase their visibility and competitiveness by setting automatic price change rules for individual auctions, enabling them to compete for the lowest price position.

Key Features:

• Auction-Level Rules: Vendors can configure automatic pricing rules for each auction independently.

• Lowest Selling Price: This defines the minimum price at which the vendor is willing to sell the product. The system will never go below this amount.

• Frequency of Price Updates: Vendors can choose how often the system checks and adjusts prices:

  • Every 5 minutes

  • Every 10 minutes

  • Every 30 minutes

  • Every 1 hour

  • Every 2 hours

  • Every 3 hours

• Price Change Step: Vendors can set the step by which the price is reduced. Options include:

  • €0.01

  • €0.02

  • €0.03

  • Custom (user-defined value)

• Enable/Disable Option: Rules can be enabled or disabled at any time for flexibility.

• Daily Limits and Cost Estimates: The platform displays:

  • Maximum number of allowed price changes per 24 hours

  • Estimated daily cost based on frequency and step size

How It Works:

• The system automatically reviews the rules and adjusts the auction price accordingly.

• If multiple vendors meet the same criteria, the one with the higher rating is prioritized.

• If there is no direct competition for a product, no price change will occur.

Important: If the vendor’s “Lowest Selling Price” is higher than the current “Lowest Price” on the product page, the system will not adjust the price.