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What is Dynamic Pricing? Everything You Need to Know About Implementing Dynamic Pricing in 2024

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The phrase “dynamic pricing” often sparks heated debates in eCommerce and retail, and it’s not hard to see why. The use of dynamic pricing methods is most common in industries where the demand for goods and services fluctuates. For example, a person might check the price of an Uber ahead of time for a specific journey.

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Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

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But in reality, companies often have to spend considerable time and resources chasing down late payments that are stuck in Accounts Receivable. Promptly collecting payments from your customers is essential to run a sustainable business. In fact, 81% of large retailers say that real-time payments are critical to their operations.

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

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That’s why understanding surcharging—including its definitions, types, calculating methods, and best practices—can help you incorporate surcharging into your operations. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Payment processing surcharge.