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Products & Pricing

GOPayments Products & Pricing is a comprehensive solution that allows businesses to create, manage, and sell products with flexible cryptocurrency payment options. This feature enables merchants to set up product catalogs, configure pricing strategies, and accept payments in multiple cryptocurrencies while providing customers with a seamless shopping experience.

What are Products & Pricing?​

GOPayments Products & Pricing enables businesses to:

  • Create detailed product catalogs with cryptocurrency pricing
  • Set flexible pricing strategies for different markets
  • Accept payments in multiple cryptocurrencies
  • Manage inventory and product availability
  • Configure tax settings and pricing rules
  • Generate product-specific analytics and reports
  • Integrate with e-commerce platforms and marketplaces

Key Features​

  • Product Catalog: Comprehensive product management system
  • Multi-Currency Pricing: Set prices in fiat and cryptocurrency
  • Dynamic Pricing: Real-time cryptocurrency price conversion
  • Inventory Management: Track product stock and availability
  • Tax Configuration: Built-in tax calculation and management
  • Product Analytics: Sales performance and customer insights
  • API Integration: Programmatic product management
  • Bulk Operations: Import/export product data

Creating Your First Product​

Step 1: Access Product Management​

  1. Log in to your GOPayments dashboard
  2. Navigate to "Products"
  3. Click "Add New Product"

Step 2: Basic Product Information​

  1. Product Details

    • Product Name: Clear, descriptive product name
    • Product Description: Detailed product description
    • Product SKU: Unique product identifier
    • Category: Product category or type
    • Brand: Product brand or manufacturer
    • Weight: Product weight for shipping calculations
    • Dimensions: Product dimensions (length, width, height)

  2. Product Images

    • Primary Image: Main product image
    • Gallery Images: Additional product photos
    • Image Alt Text: SEO-friendly image descriptions
    • Image Optimization: Automatic image compression

  3. Product Status

    • Active: Product is available for sale
    • Inactive: Product is hidden from customers
    • Draft: Product is being created/edited
    • Archived: Product is no longer sold

Step 3: Pricing Configuration​

Configure flexible pricing options:

  1. Base Pricing

    • Base Price: Primary price in fiat currency (USD, EUR, etc.)
    • Currency: Base currency for pricing
    • Price Type: Fixed price or dynamic pricing
    • Sale Price: Discounted price (if applicable)
    • Sale Period: Start and end dates for sales

  2. Cryptocurrency Pricing

    • Auto-Convert: Automatic conversion from fiat to crypto
    • Fixed Crypto Prices: Set specific cryptocurrency prices
    • Price Markup: Add markup to crypto prices
    • Price Discount: Apply discounts to crypto payments

  3. Supported Cryptocurrencies

    • Select which cryptocurrencies to accept
    • Supported options include:
      • Bitcoin (BTC): On Bitcoin network
      • Ethereum (ETH): On Ethereum network
      • USDT: On Ethereum, Tron, BSC, Arbitrum networks
      • USDC: On Ethereum, Solana, BSC, Arbitrum networks
      • Solana (SOL): On Solana network
      • TON: On TON network
      • BNB: On BNB Smart Chain

Step 4: Inventory Management​

Set up product inventory:

  1. Stock Management

    • Track Inventory: Enable inventory tracking
    • Stock Quantity: Available product quantity
    • Low Stock Alert: Minimum stock threshold
    • Backorder: Allow orders when out of stock
    • Stock Status: In stock, out of stock, or discontinued

  2. Inventory Settings

    • Stock Location: Warehouse or fulfillment center
    • Reorder Point: When to reorder inventory
    • Reorder Quantity: How much to reorder
    • Supplier Information: Vendor or manufacturer details

Step 5: Tax and Compliance​

Configure tax settings:

  1. Tax Configuration

    • Tax Class: Product tax category
    • Tax Rate: Applicable tax percentage
    • Tax Inclusive: Include tax in displayed price
    • Tax Exempt: Exempt from tax calculations
    • VAT Settings: European VAT compliance

  2. Compliance Settings

    • Age Restrictions: Minimum age requirements
    • Geographic Restrictions: Country/region limitations
    • Regulatory Compliance: Industry-specific requirements
    • Export Controls: International shipping restrictions

Product Categories​

Digital Products​

Configure digital product settings:

  • Download Links: Automatic delivery after payment
  • License Keys: Generate unique license codes
  • Access Periods: Time-limited access to content
  • Usage Limits: Restrict number of downloads/uses
  • DRM Protection: Digital rights management

Physical Products​

Set up physical product options:

  • Shipping Requirements: Weight, dimensions, handling
  • Shipping Zones: Geographic delivery areas
  • Shipping Methods: Standard, express, overnight
  • Packaging Options: Gift wrapping, special packaging
  • Return Policy: Return and refund terms

Subscription Products​

Configure recurring products:

  • Billing Frequency: Daily, weekly, monthly, annually
  • Trial Periods: Free trial options
  • Renewal Settings: Automatic renewal preferences
  • Cancellation Policy: How customers can cancel
  • Proration: Partial billing for mid-cycle changes

Pricing Strategies​

Dynamic Pricing​

Real-time cryptocurrency price conversion:

  1. Exchange Rate Integration

    • Real-time Rates: Live cryptocurrency prices
    • Price Updates: Automatic price refresh intervals
    • Price Sources: Multiple exchange rate providers
    • Price Validation: Ensure accurate conversions

  2. Price Markup/Discount

    • Markup Percentage: Add margin to crypto prices
    • Discount Percentage: Reduce crypto prices
    • Fixed Markup: Add fixed amount to prices
    • Tiered Pricing: Different rates for different amounts

Fixed Pricing​

Set specific cryptocurrency prices:

  1. Manual Price Setting

    • BTC Price: Specific Bitcoin price
    • ETH Price: Specific Ethereum price
    • USDT Price: Specific USDT price
    • Custom Tokens: Set prices for other cryptocurrencies

  2. Price Maintenance

    • Regular Updates: Periodic price reviews
    • Market Adjustments: Respond to market changes
    • Competitive Pricing: Monitor competitor prices
    • Profit Margins: Maintain desired profit levels

Product Analytics​

Sales Performance​

Track product performance:

  • Total Sales: Number of units sold
  • Revenue: Total revenue generated
  • Average Order Value: Mean purchase amount
  • Conversion Rate: Percentage of visitors who purchase
  • Return Rate: Percentage of products returned

Customer Insights​

Analyze customer behavior:

  • Popular Products: Best-selling items
  • Customer Preferences: Most chosen payment methods
  • Geographic Distribution: Sales by location
  • Seasonal Trends: Sales patterns over time
  • Customer Segments: Different customer groups

Inventory Analytics​

Monitor inventory performance:

  • Stock Turnover: How quickly inventory moves
  • Stock Levels: Current inventory status
  • Reorder Alerts: When to restock products
  • Dead Stock: Slow-moving inventory
  • Inventory Value: Total inventory worth

Product Management Dashboard​

Product Overview​

The product dashboard provides:

  • Product List: View all products with search and filter options
  • Quick Actions: Edit, duplicate, or delete products
  • Status Indicators: Visual status indicators for each product
  • Stock Alerts: Low stock notifications
  • Performance Metrics: Sales and revenue data

Bulk Operations​

Manage multiple products:

  • Bulk Edit: Update multiple products simultaneously
  • Bulk Import: Import products from CSV files
  • Bulk Export: Export product data
  • Bulk Price Updates: Update prices for multiple products
  • Bulk Status Changes: Change status for multiple products

Integration Options​

E-commerce Platforms​

Connect with popular platforms:

  • Shopify: Native Shopify integration
  • WooCommerce: WordPress e-commerce plugin
  • Magento: Enterprise e-commerce platform
  • BigCommerce: Cloud-based e-commerce solution
  • PrestaShop: Open-source e-commerce platform

Best Practices​

Product Management​

  1. Clear Descriptions: Provide detailed, accurate product descriptions
  2. High-Quality Images: Use professional product photography
  3. Accurate Pricing: Keep prices updated and competitive
  4. Inventory Tracking: Monitor stock levels regularly
  5. SEO Optimization: Use relevant keywords and meta descriptions

Pricing Strategy​

  1. Market Research: Understand competitor pricing
  2. Profit Margins: Maintain healthy profit margins
  3. Dynamic Pricing: Use real-time crypto price conversion
  4. Price Testing: Test different price points
  5. Customer Value: Focus on value proposition

Customer Experience​

  1. Multiple Payment Options: Accept various cryptocurrencies
  2. Clear Pricing: Display prices in multiple currencies
  3. Fast Checkout: Streamline the purchase process
  4. Mobile Optimization: Ensure mobile-friendly experience
  5. Customer Support: Provide excellent customer service

Troubleshooting​

Common Issues​

  1. Price Display Issues

    • Check cryptocurrency price feeds
    • Verify exchange rate connections
    • Update price refresh intervals
    • Clear cache and refresh data

  2. Inventory Problems

    • Verify stock tracking settings
    • Check inventory sync with external systems
    • Update stock levels manually if needed
    • Review low stock alert thresholds

  3. Payment Processing Issues

    • Verify accepted cryptocurrencies
    • Check network configurations
    • Test payment flows
    • Review transaction logs

  4. Product Visibility Issues

    • Check product status (active/inactive)
    • Verify category assignments
    • Review search and filter settings
    • Test product URLs

Getting Started​

Ready to start selling products with GOPayments? Follow these steps:

  1. Create Account: Sign up for a GOPayments account
  2. Set Up Products: Create your first product catalog
  3. Configure Pricing: Set up cryptocurrency pricing
  4. Test Payments: Make test purchases to verify everything works
  5. Go Live: Start selling to real customers
  6. Monitor Performance: Track sales and optimize your catalog

GOPayments Products & Pricing makes cryptocurrency commerce simple and profitable. Start selling your products with crypto payments today!