Automate Pricing

The Automate Pricing feature allows sellers to automatically adjust their offer prices based on market conditions and competitor pricing. This feature is available through three main API endpoints: Create a new offer, Update Offer and Update Offer Price.

Feature Description

Automate Pricing enables sellers to:

• Set price limits (lower and upper bounds)

• Define price change factors and intervals

• Automatically adjust prices based on market conditions

• Enable/disable automation for individual offers

How This Feature Works

Let’s understand how Automate Pricing works with a simple example:

Example Scenario: You lists a product priced at €10.00 and wants the system to adjust the price automatically based on competitors.

Configuration:

{
  "lowerPriceLimit": 8.00,
  "upperPriceLimit": 12.00,
  "priceChangeFactor": 0.02,
  "priceChangeInterval": 300,
  "automatePriceStatus": "enable"
}

Explanation:

• Your price will never go below €8.00 or above €12.00.

• Every 5 minutes (300 seconds), the system checks current market prices for the same product.

• If competitors drop their prices, the system reduces your price by €0.02 until either:

  • It becomes the lowest among all active offers, or

  • It reaches your lower price limit, ensuring you maximize your profit.

• If competitors increase their prices, the system raises your price by €0.02

  • Keep your offer as the lowest in the market to remain competitive.

  • Increase your price toward your upper limit, maximizing your profit.

• The automation continues automatically as long as "automatePriceStatus": "enable".

• You can stop price automation anytime by setting "automatePriceStatus": "disable".

For more details, check out our Quick Guide Video.

AutomatePriceOptions Parameters

Parameter	Type	Required	Description	Constraints
lowerPriceLimit	number	Yes	Minimum price the offer can reach	0.1 ≤ value < 3000
upperPriceLimit	number	Yes	Maximum price the offer can reach	0.1 ≤ value < 3000, must be > lowerPriceLimit
priceChangeFactor	number	Yes	Factor by which price changes (€)	0.01 ≤ value ≤ 500
priceChangeInterval	number	Yes	Time interval between price changes (seconds)	Must be one of: 300, 900, 1800, 3600, 7200, 14400
automatePriceStatus	string	Yes	Enable or disable automation	enable or disable (default: enable)

Validation Rules

Price Limits

• lowerPriceLimit: Must be between 0.1 and 3000 (exclusive)

• upperPriceLimit: Must be between 0.1 and 3000 (exclusive)

• upperPriceLimit must be greater than lowerPriceLimit

Price Change Factor

• Must be between €0.01 and €500 (inclusive)

• Suggested values: €0.01, €0.02, €0.03

• Represents the percentage by which price can change

Price Change Interval

• Must be one of the following values (in seconds):

  • 300 (5 minutes)

  • 900 (15 minutes)

  • 1800 (30 minutes)

  • 3600 (1 hour)

  • 7200 (2 hours)

  • 14400 (4 hours)

Automate Price Status

• Must be either enable or disable