Pricing rules

When setting up pricing, you might want to have a default pricing setting for a product, but also have certain conditions based on the meter property values of your customer's usage and connect different pricing to it.

To create pricing rules (the technical API term being pricing item config), you need at least one meter property connected to the meter of the product item you are configuring pricing for. Be aware that if you set up a meter property and do not add the flag 'required', it cannot be selected in the pricing configurator.

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Meter property must be required
If a meter property within a meter is set to be 'optional', it cannot be used within pricing rules and it will not show up in the price rule configuration.

In the example below, the default pricing for transactions is tiered, but a pricing rule defines that if a meter event matches the given combination of conditions, the pricing is a flat rate of 5,52 cents.

Condition comparator types

Pricing rules are applied when, for one specific event, all meter property conditions match the ones set up in the pricing rule.

Comparator	Description	Meter property types
Equals	matches the given value	All
Equals one of	matches one of the given values	All
Does not equal	does not match	All
Does not equal one of	none of the given values are ingested	All
Greater than	matches if ingested number is bigger	Number
Greater than or equals	matches if ingested number is bigger or the same	Number
Less than	matches if ingested number is smaller	Number
Less than or equals	matches if ingested number is smaller or the same	Number

Example use-cases

A meter property might be the country code in which a credit card is issued. Using pricing rules, a sales representative can then set a different price for cards issued in the US versus those issued outside the US. This allows the business to offer customised pricing that better meets the needs of its customers and probably helps you to seal the deal.

Price rules can be simple or more complex. A simple price rule can look like this:

Product	Billable Metric	Price Rule	Price
KYC	KYC checks	1. Checked entity = individual	2.50 EUR
KYC	KYC checks	2. Checked entity = business	5.00 EUR

Or more complex:

Product	Billable Metric	Price Rule	Price
KYC	KYC checks	Checked entity = individual	2.50 EUR
KYC	KYC checks	Checked entity = business AND entity location = US	5.00 EUR
KYC	KYC checks	Default	10.00 EUR

In the last example, you may have noticed that rule 3 does not have an entity location specified. When determining the appropriate price for a product, the system looks up the pricing rules in order. So, if the conditions of rule 1 are met, the pricing of rule 1 is applied. If the conditions of rule 2 are met, the pricing of rule 2 is applied, and so on. If none of the conditions are met, the default price for the product is used. This ensures that the right price is applied based on the specific circumstances of each transaction.

In the Solvimon platform, extensively difficult pricing methods and conditional pricing rules can be used. We are more than happy to help you define and configure them on your account.