This section is used to edit currencies and values (for markups and roundings) for product price recalculating. You can also edit terms of internal shipping and on-site discounts in Pricing section as well as specify certain product categories prohibited (blocked) for selling. Open "Pricing" section in site admin panel (second option in left menu) to make necessary settings.
Pricing is a mechanism of generating product price within the orders and showcase. It contains rules, settings, and formulas for converting Taobao price into agent’s price according to his/her own rules.
How to set up prices quickly?
There are a few simple steps to get started as quickly as possible.
Go to "Pricing" section:
First of all, select currency that will be shown in the product card. For example, USD or EUR:
Set this currency in "Showcase currencies" block:
Enable synchronization with the Central Bank of the Russian Federation:
Set margin rate about 10-20% (it can be changed later) to the Central Bank of the Russian Federation:
Save this page.
If not all currencies are immediately counted, they will be shown in red:
Click "Save" button again.
Ready! Prices are displayed on the site now and you can start selling goods.
How to find and change base currency?
Base (internal) currency is the one for calculations, prices displaying in the customer’s shopping cart and invoicing. Base currency is set at the time of key registration and does not subject to future unassisted alterations.
Send a request to OT Technical Support If you need to change base currency, . Please note that if you change the internal currency, it will be impossible to recalculate the old orders (existing orders, i.e. generated at the present moment) to the new currency.
It is important to remember that you won't be able to convert old orders (existing, that is, created at the moment) to new currency after changing base currency.
Go to "Pricing" section:
You can find base currency the a blue field.
How to add currency into product card?
"Showcase currencies" block is responsible for displaying currency on this page. Go to "Pricing" section:
Open "Currency" tab to make changes:
Find the list of showcase currencies:
Select necessary currency in currencies list, for example, EUR:
Add currency clicking plus button:
Сейчас эта валюта в конце списка, а нам надо, например, поставить её первой:
Для того, чтобы изменить положение валют, наводим мышку на левый край поля с валютой, как показано ниже (курсор станет крестиком со стрелочками):
Нажимаем левой мышкой на крестик так, чтобы появилась рука, а блок с валютой посерел:
Теперь тащим «руку» вверх, чтобы валюты поменялись местами:
Готово. Теперь валюты в нужном нам порядке.
Сохраняем изменения, нажав кнопку «Сохранить» внизу страницы:
После сохранения все изменения вступят в силу и валюта в карточке товара добавится.
Pricing section consists of the following basic subsections:
- Currency Setup
- Currency Displaying Set-Up
- Synchronization Mode
- Currency Rates
- Prices Rounding
- Goods Prohibited (Blocked) for Selling
- Markup Percentage
- Minimum Markup
- Discount Management
- Delivery within China
Currency Setup
The first value of this section is internal currency. It is the currency of calculations, prices displaying in the customer’s Shopping Cart and invoicing. Internal currency is set at the time of key registration and does not subject to future unassisted alterations.
If you need to change the internal currency, send a request to OT Technical Support. Please note that if you change the internal currency, it will be impossible to recalculate the old orders (existing orders, i.e. generated at the present moment) to the new currency.
Currency Display Set-up
The list of currencies displayed in the storefront can be selected in this subsection.
Currency list consists of two columns: the chosen currencies and available currencies. The chosen currencies colored gray and the available currencies are yellow.
The currency transferring (from column to column and swapping) shall be made as specified below:
- Move the cursor to the currency box (e.g. USD in the right column);
- Capture the box with mouse click and hold it;
- Drag the box to the chosen column and place (while holding the mouse button);
- As soon as the chosen point is reached, release the mouse button;
- In the end of the operations press Save Currency Set-Up to apply changes.
To set the currency list, drag the chosen currencies from the right column of the available currencies (colored yellow) to the left list. The same is for deleting unnecessary currencies from the left list – drag it to the right.
To set the sequence of currencies, reverse them in the desired order. The currency exchange rate to Chinese Yuan (RMB) should be set for the chosen currencies in the Currency Rates subsection.
If the required currency is not available in the right column, ask the Technical Support to add it.
So the currency list is set. The upper currency from the list is displayed as the currency of the price in the storefront, search results and the product listings; in the product card the price is displayed in all chosen currencies and in the specified order.
Synchronization Mode
Currency rates used to display the prices on your site can be set in two ways: manually or automatically (by means of synchronization with Central Bank of Russian Federation (CB)).
The example given below shows the manual mode without synchronization with CB.
Currency Rates
The rate for all chosen currencies in the left column shall be set.
As specified in the example above 1 Russian Ruble is equal to 30 USD, 1 RMB= 5.65 RUB.
To add a new rate press Add button.
The first currency is to be taken as “1” and the second one takes the meaning of “proportion” and shall be set up manually.
E.g. the first currency is EUR, the second is RUB. We want 1 EURO to be equal to 50 Russian rubles. Set up values as it shown in the example below and press YES. The result will be as follows:
The setup proportion will be used every time when converting EURO to Russian Rubles. It means the currency rate data is considered when converting product price displayed in the storefront to another currency.
Rounding
This option provides the prices rounding (price is difficult to apprehend if it looks like 45,6006064556 after recalculating). Rounding is a number specifying the number of digits to be left after dot.
Example.
Given: 123.123
If “2” is entered, the result is 123.13.
If “0” is entered, the result is 124.
If “-2” is entered, the result is 200.
The value for this option is to be set in a separate box and saved.
Important! The program always rounds up.
Products Prohibited For Selling (Blocked Products)
In this section we specify the option to purchase products upon the specific conditions:
- Products for auctions are allowed for purchasing;
- Products without domestic shipping are allowed for purchasing;
- Second-hand goods are allowed for purchasing.
If you are about to allow the products with special features for purchasing – tick the relevant item and save the chosen values.
This option helps to avoid difficulties of any kind when purchasing the specified categories of the products. E.g. if the second-hand goods are allowed for purchasing you should be ready for out-of-order or low quality product.
Markup Persentage (%)
The markup provides the certain revenue amount (%) and/or covers expenses (logistics, money transaction commission, etc.).
To set up a markup, enter the desired value (in percent) and save it. After saving operation the chosen markup will be added to the price of every item.
Save changes by clicking the Save button on the bottom of the page.
Minimal Markup
Set up the minimal threshold for markup calculation in RMB. It is used when markup does not change significantly the product price because the price is too low.
E.g. we want our markup to be not less than 10 RMB.
Save changes by clicking the Save button on the bottom of the page.
Discount Management
If you support the discount system, tick the relevant field. Manage your discounts in the Discounts Management section (2nd menu row in admin area, 1st left item).
Save changes by clicking the Save button on the bottom of the page.
Shipping Within China
In this section we choose the delivery service for package shipping within China (from Taobao to logistician).
The choice can be made by dragging boxes (the same way as in the CURRENCY DISPLAY SET-UP section). Drag one or more services to the Applicable Shipping Methods section; move the methods of no use to the Non-Applicable Shipping Methods section.
Choose the point of destination below: click the link and choose the region of your logistician location in the pop-up window.
Save changes by clicking the Save button on the bottom of the page.