In ecommerce, the difference between profit and loss can be a fraction of a cent. Customers expect prices to be fair, shipping costs to be accurate, and fees to be transparent. But delivering on these expectations isn’t easy.
Imagine losing a significant share of profit because your pricing or weight data was slightly off. For sellers in niche industries like fasteners, specialty components, or automotive parts, even a minor miscalculation can add up to over hundreds or thousands of transactions.
Miva 10.11’s precision features help businesses stay competitive by providing the control they need to meet exacting industry standards, enhance their reputation, and ultimately build customer trust. These tools also open doors to new revenue streams by making it easier to tap into specialized markets that require accuracy to the smallest unit.
Precision Pricing: Beyond the Decimal
How many times have you had to round prices just because your ecommerce platform couldn’t go further than two decimal places? With Miva 10.11, those days are over. The new precision pricing functionality enables you to set prices as exact as $0.00000001, perfect for industries where costs are small but volume is high. This feature allows sellers to:
- For industries where incremental pricing is critical, such as electronics or industrial components, precision pricing helps you reach new customer segments by reflecting true cost.
- Rounding up or down can distort the value of tiny products. Precision pricing maintains fair prices, boosting credibility and customer satisfaction.
By adjusting prices down to fractions of a cent, precision pricing helps suppliers of items like fasteners and electronics avoid inaccuracies, improving competitiveness in high-volume markets where every cent counts.
Precision Weight: Accuracy for Every Ounce
Shipping costs can make or break an ecommerce business. When weights aren’t calculated accurately, you risk undercharging or overcharging, both of which damage the customer experience.
Miva 10.11’s precision weight functionality gives merchants the ability to record weights smaller than two decimal places, reducing shipping discrepancies and ensuring you only pay for what’s actually being shipped. Here’s why it matters:
- Even small shipping inaccuracies add up over time, affecting the bottom line. This feature lets you bill for actual weight, keeping costs predictable.
- Accurate weights lead to transparent shipping fees, minimizing questions about unexpected costs during checkout.
For businesses shipping lightweight, high-volume products like washers or screws, small discrepancies can become costly over time. The precision weight feature allows these sellers to set precise weights and calculate exact shipping fees, increasing transparency—which your customers will love.
Advanced Fees and Charges: Clarity for Every Checkout
Fees are a part of doing business, but they can be a source of frustration for everyone if they aren’t handled properly.
Miva 10.11’s advanced fees and charges tool provides merchants with the flexibility to apply fees transparently, complete with controls for taxability, free shipping eligibility, and other product rules. This feature is crucial for industries that frequently apply extra fees, like environmental or specialty charges.
- Clear fees eliminate surprises at checkout, which boosts confidence in your pricing and reduces cart abandonment.
- Adapt fees to meet the unique demands of your industry, whether it’s an automotive core charge or an eco-fee for sustainability-focused products.
When a retailer adds an environmental fee or processing charge, the advanced fees and charges feature makes this cost part of a seamless checkout experience. With fees clearly defined and aligned with product rules, customers see exactly what they're paying for, cutting down on abandoned carts and helping drive more confident purchases.
Why These Features Are Essential for Today’s Sellers
Precision in ecommerce is quickly becoming the new standard. Customers want clarity on every cent and every gram, and online sellers know that getting the details right builds trust and keeps them competitive.
Miva 10.11’s precision price and weight calculations are designed to integrate seamlessly with ERP systems, providing up to 16 digits of accuracy for pricing and weight measurements. This level of detail is essential for B2B sellers managing large orders with volume pricing impacts.
- Precision as personalization: Today’s consumers expect transparency. With exact pricing, weight, and fees, sellers don’t just meet expectations—they build lasting trust that translates into loyalty and repeat business.
- Simplicity in complexity: As operations scale, complexity can weigh down growth. Miva 10.11’s precision tools streamline these back-end processes without the need for a technical team to handle constant adjustments, letting online brands focus on expanding rather than troubleshooting.
- Growth without the headaches: Miva 10.11 takes control over pricing, weights, and fees, letting ecommerce brands optimize with less guesswork. More accuracy means fewer questions from customers, smoother checkouts, and more time to scale.
Take Charge of Every Detail and Drive Growth with Precision
The release of Miva 10.11 is a testament to our dedication to empowering ecommerce businesses with tools that make growth smarter, not harder.
By focusing on precision, we’ve designed features like advanced pricing controls, precise weight management, and flexible fee structures to give you the clarity your customers demand and the operational control your business needs.
This release is just one step in our mission to provide the most adaptable, no-code ecommerce platform for brands with complex needs. With Miva 10.11, you can turn attention to detail into your competitive advantage and focus on what matters most—delivering exceptional customer experiences.
We can’t wait to see how you’ll use these new tools to grow and innovate. As always, we’re here to support your success every step of the way.
To explore the full potential of Miva 10.11, visit Miva Docs.
Lisandra Ramos