What are the Price Automation Settings?
The price automation settings allow you to alter the way Uptick calculates and pushes inventory prices on an account level. These are global settings and will affect all listings in the account.
1) Pause Price Pushing: When this setting is enabled, no automated price pushes will be applied.
2) Only Raise Prices: When this setting is enabled, prices will only increase with automation. Any price decreases will be rejected.
A) Example: Only raise prices on a listing that is set at $100
I) If a price higher than $100 is calculated, it will be accepted
II) Once a new price is accepted, the system will reject anything lower than
the new price. $100 -> $110, no new prices under $110 will be accepted.
III) When the setting is disabled, prices will calculate based on the market
and the criteria applied.
3) Price Update Limits: When this setting is enabled, you will be able to set a lower and upper limit for price changes. Any price changes that fall outside these limits will be rejected.
A) Example: Setting a lower limit of 20% and an upper limit of 20% on a $100 listing.
I) New price changes between $80 & $120 will be accepted
II) Any new price changes lower than $80 or higher than $120 will be
rejected
III) Anytime there is a new accepted price, the upper and lower bounds will
apply based on that new price.
IV) When the setting is disabled, prices will calculate based on the market
and the criteria applied.
What value do these settings provide?
Each of these settings provides additional safeguards to your pricing automation. While price floors and exclude outliers help deter users from selling at prices lower than they’re comfortable with, these price automation settings are an extra layer of protection when users are unavailable to monitor their pricing and sales.
Pause Automation
Pausing price pushing ensures prices won’t change unless you want them to. This setting also allows you to price manually for a time without having to delete criteria and reapply them later.
Only Raise Prices
“Only raise prices” allows you to take advantage of potential upside in the market without having to worry about potentially racing downward.
Price Update Limits
Price update limits allow you to continue to leverage automation, but not get immediately affected by large, temporary swings in the market.
How Can I Manage These Settings?
You will see “Price Automation” on the Uptick Settings page, where intervals for these settings can be enabled. When enabled, there will be a visual indicator showing which setting is enabled and the daily intervals.
How do I know if these settings are enabled?
When any of these settings are enabled, a visual indicator will appear at the top of the listings panel.
Pause Automation
Only Raise Prices
Price Update Limits
Note: Hovering over the indicator for Price Update Limits will show the set upper and lower bounds.
What restrictions are there for using multiple settings?
Pause Price Pushing can be combined with only raise prices or price update limits, but only raise prices and price update limits are mutually exclusive and the system will not allow both to be enabled simultaneously.