Smart Pricing in the Mercado Libre integration provides two features: Price suggestions and Automatic price adjustment. See below to learn about each feature and how to use it.

Both features are available only to clients using the Mercado Libre Premium integration.

The Price suggestions feature sends alerts to the seller with suggestions to adjust prices in their offers. These suggestions are made based on similar products from other sellers.

To activate Price suggestions, follow the steps below:

1. Go to VTEX Admin > Marketplace > Mercado Libre > Preferences > Smart Pricing, or type Smart Pricing in the search bar at the top of the page.
2. In the Price suggestions section, click the button. A confirmation pop-up will appear.
3. Click the Confirm button.

After activating the feature, the seller must track the suggestions in the Price module. To do so, go to Marketplace > Connections > Price in the VTEX Admin.

You can identify all price suggestions in the Price module by their ID following this structure: 186-Automation, as shown in the image below:

The Automatic price adjustment feature allows sellers to set rules that automatically update the prices of active offers based on the lowest prices found in similar offers on Mercado Libre and other sites.

To activate Automatic price adjustment, follow the steps below:

1. In the VTEX Admin, go to Marketplace > Mercado Libre > Preferences > Smart Pricing, or type Smart Pricing in the search bar.
2. In the Automatic price adjustment section, click the <i class="ph ph-plus"></i> Create rule button, and a new drawer will open.
3. Complete the General information and Compare with prices fields.
4. Click the Next button.
5. Select the category you want to link to this rule.
6. Click the <i class="ph ph-arrow-line-down"></i> Download SKUs for setup button and complete the minimum price and maximum price fields for each SKU.
7. Upload the spreadsheet.
8. Click the Confirm button.
9. Click the Activate rule button to create and apply the new rule.

All existing rules can be edited, paused or deleted.

Editing rules

To edit a rule, follow the steps below:

1. In the desired rule, click the button.
2. Click the button to download the spreadsheet.
3. Edit the desired prices in the spreadsheet.
4. Upload the updated spreadsheet.
5. Click Confirm changes.

Pausing rules

To pause a rule, follow the steps below:

1. In the desired rule, click the button.
2. Click the button.
3. Click the Deactivate button.

Deleting rules

To delete a rule, follow the steps below:

1. In the desired rule, click the button.
2. Click the button.
3. Click the Delete button.