Determining pricing information from merchant data

Patent metadata

Field	Value
Publication number	US-2024232984-A1
Application number	US-202418611611-A
Country	US
Kind code	A1
Filing date	Mar 20, 2024
Priority date	Mar 24, 2014
Publication date	Jul 11, 2024
Grant date	—

Abstract

A service provider may receive item price information and/or point of sale (POS) transaction information from a plurality of merchant devices associated with a plurality of merchants. The service provider may categorize the plurality of merchants according to the types of items offered by the respective merchants, and may further categorize the merchants according to the locations at which they conduct business. The service provider may subsequently determine a price recommendation or other pricing information for a particular item offered by a particular merchant. A merchant device of the particular merchant may present the pricing information in a user interface that enables the merchant to view projected sales at various different price points. Further, the merchant may be able to specify one or more factors used for determining the recommend price, such as a desired business model, a desired clientele, a desired profit margin, or the like.

First claim

What is claimed is:

1 . A method comprising:
receiving, by a merchant device of a merchant and from one or more servers of a payment processing service (PPS), pricing information for an item; based at least in part on the pricing information, determining first estimated sales of the item in a period at a first price; causing presentation, via a user interface of a display associated with the merchant device, of one or more interactive graphic elements, the one or more interactive graphic elements indicating at least in the first price of the item and the first estimated sales; receiving, via the user interface, input to one or more of the interactive graphic elements, wherein the input changes one or more parameters associated with the item; responsive at least in part to receiving the input and based at least in part on the pricing information, determining second estimated sales of the item in the period at a second price; and causing presentation, via the user interface, of the one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the second price and the second estimated sales.

2 . The method of claim 1 , wherein the one or more interactive graphic elements comprise a first graphic element comprising a slider scale including a slider element, and wherein the input comprises sliding the slider element along the slider scale from a first position associated with the first price to a second position associated with the second price.

3 . The method of claim 1 , wherein the one or more interactive graphic elements comprise a first graphic element associated with specifying characteristics of one or more buyer and a second graphic element associated with a location associated with the merchant.

4 . The method of claim 3 , wherein the changes to the one or more parameters comprise receiving the input to the first graphic element, the input comprising changes to one or more characteristics associated with one or more buyers, and wherein determining the second estimated sales is based at least in part on the one or more characteristics.

5 . The method of claim 3 , the changes to the one or more parameters comprise receiving the input to the second graphic element, the input comprising a new location associated with the merchant or the item, and wherein determining the second estimated sales is based at least in part on the new location.

6 . The method of claim 1 , wherein the pricing information further includes a recommended price generated by the PPS, and wherein the first price comprises the recommended price.

7 . The method of claim 6 , wherein the recommended price for the item is based at least in part on one or more of:
a business model of the merchant; a profit margin specified by the merchant; a pricing strategy of the merchant; a volume of sales specified by the merchant; a cost of the item to the merchant; characteristics of customers of the merchant; a location of the merchant; a merchant category of the merchant; or an average or median price charged for the item by a plurality of merchants.

8 . The method of claim 1 , wherein the pricing information is received responsive at least in part to one or more of:
a request sent to the one or more servers of the PPS; or a trigger determined by the one or more servers of the PPS, wherein the trigger comprises one or more of a first change in customer base of the merchant, a second change in one or more costs associated with the merchant, a third change in a market associated with the merchant, or an initiation of a business by the merchant.

9 . The method of claim 1 , wherein the input comprises a first user input, further comprising:
causing presentation, via the user interface, of a selectable icon associated with price assignment; receiving an indication of a second user input associated with selection of the selectable icon; based at least in part on receiving the indication of the second user input, causing a selected price associated with an interactive graphic element to be associated with the item in memory of the merchant device; and assigning, by a merchant application executing on the merchant device, the selected price to the item in a purchase of the item from the merchant.

10 . A system comprising:
one or more processors; and one or more non-transitory computer-readable media storing instructions, that when executed by the one or more processors, cause the one or more processors to perform operations comprising:
receiving, by a merchant device of a merchant and from one or more servers of a payment processing service (PPS), information for an item;
based at least in part on the information, determining first estimated sales of the item at a first price;
causing presentation, via a user interface of a display associated with the merchant device, of one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the first price of the item and the first estimated sales;
receiving, via the user interface, input to one or more of the interactive graphic elements, wherein the input changes one or more parameters associated with the item;
responsive at least in part to receiving the input and based at least in part on the information, determining second estimated sales of the item at a second price; and
causing presentation, via the user interface, of the one or more interactive graphic elements, the one or more interactive graphic elements indicating at least the second price and the second estimated sales.

11 . The system of claim 10 , wherein the one or more interactive graphic elements comprise a first graphic element associated with specifying characteristics of one or more buyer and a second graphic element associated with a location associated with the merchant.

12 . The system of claim 11 , wherein the changes to the one or more parameters comprise receiving the input to the first graphic element, the input comprising changes to one or more characteristics associated with one or more buyers, and wherein determining the second estimated sales is based at least in part on the one or more characteristics.

13 . The system of claim 11 , wherein the changes to the one or more parameters comprise receiving the input to the second graphic element, the input comprising a new location associated with the merchant or the item, and wherein determining the second estimated sales is based at least in part on the new location.

14 . The system of claim 10 , wherein the information further includes a recommended price generated by the PPS, and wherein the first price comprises the recommended price.

15 . The system of claim 14 , wherein the recommended price for the item is based at least in part on one or more of:
a business model of the merchant; a profit margin specified by the merchant; a pricing strategy of the merchant; a volume of sales specified by the merchant; a cost of the item to the merchant; characteristics of customers of the merchant; a location of the merchant; a merchant category of the merchant; or an average or median price charged for the item by a plurality of merchants.

16 . The system of claim 10 , wherein the information is received responsive at least in part to one or more of:
a request sent to the one or more servers of the PPS; or a trigger determined by the one or more servers of the PPS, wherein the trigger comprises one or more of a first change in customer base of the merchant, a second change in one or more costs associated with the m

Assignees

• Block Inc

Inventors

• Kumar Abhay Raj
• Ng Mason
• Yan Rong
• Perrone Gian
• Leduc Mai

Classifications

• G06Q30/0206

  Price or cost determination based on market factors · CPC title

• G06Q30/0264

  based upon schedule · CPC title

• G06Q30/0253

  During e-commerce, i.e. online transactions · CPC title

• G06Q30/0205

  based on location or geographical consideration · CPC title

• G06Q30/0268

  at point-of-sale [POS] · CPC title