Listing Price settings are part of your store's listing settings. You can access the listing settings for an Active or Inactive store in the store's dashboard. In the I Want To... section, tap Listing Settings. The Listing Settings screen displays with the Product Listing Actions section expanded by default. Tap Listing Price to expand the section.
The Listing Price setting defines which Magento pricing attributeA characteristic or property of a product; anything that describes a product. Examples of product attributes include color, size, weight, and price. to use as your price source, which is the base (default) price value for your Amazon listings. These defined settings will be used by your pricing rules to automatically adjust your Amazon listing price relative to the selected Magento Price Source.
You can configure your pricing scope as global or website. If your pricing scope is set to global, this means that there is a single price source for all your stores/websites. If your pricing scope is set to website, the price source will use fallback logic of website price (if available) followed by the default (global) price.
If your listing rules have more than one website selected in its settings, the order with which website price is used is determined by the website priority configured in your listing rules. This allows you to define product pricing across your catalog. To see if you are using website price scope, see Catalog Price Scope.
The options listed in Magento Price Source, Minimum Advertised Price (Map), and Strike Through Price (MSRP) include your configured Pricing attributes. Pricing attributes are Magento product attributes with the Catalog Input Type for Store Owner value set to Price. See Attribute Input Types.
To configure Listing Price settings:
|1.||Expand the Listing Price section.|
|2.||For Magento Price Source (required), select a pricing attribute in the drop-down (default is "Price").|
The option selected in this field determines the price source used for your Amazon listings. If you create pricing rules, the rules are applied to the value defined for the attribute selected here. You may select any configured pricing attribute, however, if the selected attribute is not filled in for a product, the price source for the product will default back to "Price" when pricing rules are applied to determine the published Amazon listing price.
|3.||For Minimum Advertised Price (MAP), select a pricing attribute in the drop-down (default is no selection).|
This field enables a minimum advertised price (MAP) for a product. When you define a pricing attribute and your listing price for a product falls below your determined minimum price (based on your pricing source and rules), this value becomes the MAP for the listing. This allows you to implement pricing rules while still controlling your minimum price for a product. To prevent a listing price from being too low, select a pricing attribute to use as your MAP. However, if the selected pricing field is not defined for a product, the MAP will not be used.
|4.||For Strike Through Price (MSRP), select a pricing attribute in the drop down (default is no selection).|
This field determines which pricing attribute is used as the manufacturer's suggested retail price (MSRP) for a product. If your listing price is less than the defined MSRP, your Amazon listing will display a strike-through of the MSRP price and display the lower listing price, along with the calculated “You Save” amount and percentage. However, if the selected pricing field is not defined for a product, the MSRP feature will not be calculated.
Important: This will only apply to listings that have won the Buy Box position. The Buy Box is awarded by Amazon to the seller who has the product listed usually at the best price, along with other factors such as FBA/Prime shipping offered, availability, and the seller’s performance.
|5.||For Apply Value Added Tax (VAT) field, select an option (default is "Disabled").|
- Disabled: Select this option if you do not want to apply VAT to your listing price.
- Enabled: Select this option if you want to apply VAT to your listing price. VAT is typically used as a sales tax in European countries and is added to your final listed price within Amazon. VAT does not apply to final price for listings that are used within an intelligent pricing rule, unless the price floor is hit.
|6.||For VAT Percentage, enter the value for your VAT rate (default is "0.00").|
The value entered in this field will be used to calculate the VAT amount to be added to the listing price. If 10.2 is entered, a 10.20% VAT will be applied to your listing price. This field is disabled when the Apply Value Added Tax (VAT) field is set to "Disabled."
|7.||For Currency Conversion, select an option (default is "Disabled").|
The options in this drop-down are dependent on your Magento currency settings. If options are not available, you may need to set up your currency settings.
Magento Price Source
The default option is "Price." The option selected in this field determines the price source that will be used when creating your Amazon listings. Should you select another attribute such as “Amazon Price” or “Special Price," This price will be used on your Amazon listing. However, should “Amazon Price” or “Special Price” not be filled out, Price will always be the default value.
Minimum Advertised Price (MAP)
The Magento attribute for MAP pricing. Selecting the MAP option automatically sets your Amazon listing to the MAP price if the listing price is less than the MAP price.
Strike Through Price (MSRP)
The Magento attribute that represents the MSRP pricing. If your Amazon listing price is less than the MSRP, it will show a strike-through of the MSRP price and display the listing price.
Strike Through Price (MSRP) also calculates the "You Save" amount and percentage, but it only applies to listings that have won the Buy Box position.
Apply Value Added Tax (VAT)
Generally used in the European Union.
Select Enabled and then enter the VAT Percentage.
If the VAT percentage = 5, then a 5% VAT will be applied to the final listing price after all pricing rules have been applied. VAT tax will not apply to the final price for listings that are used within an intelligent pricing rule, unless the floor or ceiling is hit.
Allows your Magento storefront default currency to accurately convert to your default Amazon currency to publish your listing prices in the proper currency. The currency conversionA marketing term that indicates a goal has been reached. If the goal is to sell a product, conversion is reached when a visitor to your site becomes a buyer. will always be based on your Magento default currency.
You can still view your default Magento and Amazon currencies when other currencies are available. If your default Magento currency matches your default Amazon currency, leave Currency Conversion disabled.
However, let’s say that our Magento default currency is CAD (Canadian Dollars) and our Amazon default currency is USD. We will need to enable Currency Conversion and choose the Conversion Rate CAD to USD. The options presented are based on the built-in Magento currency conversions. If you do not see the option you are looking for, you will need to set up the currency in Magento.