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description=Is Vendo PCI compliant? Yes. Vendo is PCI DSS Level 1 compliant ` ` What is PCI DSS? The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure env…;

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replaced by user email please keep in mind that all values must be url encoded 10 decline_url this is the url to which the user will be redirected if he she fails to pay you can also use variables in this url you can get read all these details in our back office documentation here a callback is a request that our platform sends to your platform behind the scenes it s a server to server communication go to our documentation in the back office for more information about callbacks here the callbacks that you ll need to integrate for payments are checkuser transaction later on you ll have to integrate these callbacks canceluser deluser reactivateuser changeusernamepassword if you have whitelabel integrate these callbacks as well those parameters are site_name the name of the affiliate site this would be the name that the affiliate gave to the site site_url the url of the affiliate site how do i create a one click to streamate you can upsell to your whitelabel by having the user click a specially constructed custom link users with valid payment details will be able to visit guest chat and paid chat on the whitelabel using their existing vendo account information steps to integrate with streamate contact streamate reseller support email protected they will create a whitelabel site on your behalf with vendo and provide you with an integration guide implement the oneclick link as per the instructions provided we will qa the setup to make sure there s the best ux your endusers can start enjoying additional content for any additional information contact us at email protected how do i create one click links for email campaigns please review our documentation about one click join link can i change a one time purchase to a recurring subscription using the changeoffer feature yes it is possible please review our documentation about change offer link for more details can i configure a secondary biller cascade with vendo no but you can use the decline_url parameter https docs vendoservices com docs standard join link redirection parameters to redirect the shopper to a specific url after a failed transaction attempt if you are using nats you can configure the cascade under nats s billers admin section i don t use nats can i use my own affiliate and user management system yes you can we have an api for every type of site paysite cams and dating how do i configure vendo in mpa3 important before you start configuring your mpa3 install you have to complete vendo s onboarding process step 1 log into your mpa3 install and click on billing step 2 click on billing processors then scroll down to vendo and configure your account leave the fields vendo username and vendo password in blank copy and paste your shared secret in the vendo soap key field note the shared secret is provided after you complete vendo s onboarding process enter the processing fee that you agreed upon with vendo you need to provide the real value here in order for mpa3 s reports to reflect real figures then scroll down to vendo configuration important scroll down to the bottom and click on submit step 3 configure your cascades click on cascading order and make vendo primary then click on the set order button important please note that vendo s short name appears as localbilling in mpa3 dynamic pricing can you explain to me how vendo dynamic pricing works in a way that i can understand yes let s try the math behind it is complicated but the concept is simple people are willing to pay different amounts for the same product giving some people a lower price gets them to spend more and giving other shoppers a higher price gets them to spend more the worst thing you can do is ignore the differences and give everyone the same price doing that costs companies between 10 and 20 of the revenue people are willing to pay different amounts for the same product giving some people a lower price gets them to spend more and giving other shoppers a higher price gets them to spend more the worst thing you can do is ignore the differences and give everyone the same price doing that costs companies between 10 and 20 of the revenue can i use vendo without using the dynamic pricing yes but you would be leaving money on the table which is a shame but it is your choice the benefits of dynamic pricing are that it is adjusted depending on many factors relating to end users that we take into consideration variables such as time day and connecting location are only a few used to determine optimal price the algorithm created by our team learns from thousands of transactions processed every day leaving little room for error additionally dynamic pricing reduces operational needs for in site offers since the prices offered will be the best price a user will pay at any given point in time this saves and makes you money can you help us figure out how to price a new product we are creating yes we set a minimum and maximum price and let the ai figure out the right price for each shopper for example we have partners who were releasing virtual reality products in 2016 what should the price have been no one knew of course the only thing we had to do is set a price floor ex 20 per month and price ceiling ex 60 per month and let vendo s artificial intelligence system figure out the price that made the most money with each shopper do end users complain about different price points we ve never heard a complaint in all the years we ve been optimizing prices it doesn t mean it won t happen in the future a key part of the optimization is lifetime value if we charge too much and a customer gets mad and cancels no one wins so we find the revenue maximising price where everyone is happy sometimes the price is lower sometimes it s higher it depends on that particular shopper and the unique product does vendo s dynamic pricing ever cause people to lose money during the exploration phase there are days when people lose money as the system learns the duration of the exploration phase depends on the amount of data available and the difference between results from our experience this can last from 2 to 6 weeks however this trial phase is then compensated by the lift our artificial intelligence provides our clients the testing days will give us enough information to make clinical adjustments to pricing understand your end users and monitor your site do i get the benefit of other vendo partners data and do they get my data from dynamic pricing yes you get the benefit vendo has interactions with billions of shoppers across hundreds of thousands of products we re able to learn from each interaction between shoppers and products just like google learns from other people s searches to give you better results our clients benefit directly from what we learn through dynamic pricing overall we re able to stop giving shoppers dumb prices that ignore important information dynamic pricing can the same user see two different prices for the same product the best price for a combination of a shopper and a product typically lasts for one hour it s the length of the shopper s session prices last for one shopper s session if a shopper leaves the site and returns after the session has expired they may see a different price if you are concerned that people might know that you are using dynamic pricing and refresh the page until they get a low price don t be the number of users that behave this way is small and our system will continue to adapt how it handles them this type of user isn t going to buy unless they feel like they ve gotten a deal you re better off trying to get them through the sales process and trying to win them over on the quality of your product dynamic pricing can t i just get the same effect by doing an a b test we stopped working with a b split testing years ago for pricing because it is not the right tool for dynamic pricing an a b test divides up your traffic in two and compares the effect of two different prices in contrast we test thousands of prices across many different segments and make adjustments in real time for a vendo client to do what our system does in one day would take it would take considerable time and resources to replicate with a b tests what our artificial intelligence system does in one day the flexibility and reliability of our proprietary technology brings real benefits to our clients if dynamic pricing is such a big deal why isn t everyone doing it almost everyone is doing dynamic pricing cruise around town and check the prices of starbucks coffee or a gallon of milk at different shops they change everyone is adjusting their prices from airlines to hotels to amazon to rosetta stone etc the only reason that relatively small internet companies haven t been doing it is because they don t have access to enough data and they don t have access to the right tools we solve both of those problems for our clients what prices do you test how do you know where to start we start with your price let s say you charge 30 we would start testing 25 30 and 35 with different shoppers some shoppers will spend more at 25 others at 30 and others still at 35 you don t know until you start testing we measure the impact of different prices by dividing traffic by total revenue the price produced and we always compare the effect of dynamic pricing with a baseline we send a of your traffic to your original price over time we find other prices to test that maybe higher or lower we set a floor price with you ex 20 that we would not go below and a ceiling price ex 70 that we don t go above some clients don t bother setting a ceiling price they let the system decide what the top price should be will the pricing ai decrease the number of sales conversions i measure my success on sales its really important to me that the pricing ai doesn t reduce sales i m seeing a revenue lift of 17 5 lift awesome where is that coming from how much is conversion and how much is lifetime value ltv how is it affecting my sales as you pointed out the revenue lift can come from two sources better conversions and higher lifetime value ltv in this case the bigger lift is coming from more sales your conversion ratio with the vendo s ai pricing went from 1 in 358 to 1 in 326 or 0 279 v 0 307 during the period that s a 10 improvement 10 more sales huzzah how does the a i dynamic pricing algorithm determine the range of prices our ai s dynamic pricing algorithm is built to maximize revenue we measure its success by how much more money it makes than your fixed pricing it learns by testing different prices with different combinations of visitors and products your site its goal is to find the best price for every shopper and each product at each moment that s the vision and we are getting closer every day our ai has served unique prices to hundreds of millions of shoppers across thousands of products the math is very complex but the ideas behind our ai s dynamic pricing are very simple there are buyers that are willing to pay more some of these guys own a mac or they may live in rich neighborhoods or they may be shopping at night etc they may have a spotify subscription buy at amazon com at least once a week they are used to pay for online content etc if a buyer with this profile comes to your tour and you charge him 30 when he could have paid 40 then you just left 10 bucks on the table on monthly memberships we usually price no more than 10 away from the fixed price the client set if the fixed price is 30 the ai s price can go as high as 40 and as low as 20 there are buyers that don t have much purchasing power these shoppers probably don t use a mac or live in a nice neighborhood or shop at night etc they may use the free spotify subscription they don t mind about the ads every x minutes they visit amazon com every year on black friday and they consume a lot of free content at tube sites sometimes they get seduced and click on an ad this type of user wants to consume your content but can t afford paying a subscription at regular prices if a buyer with this profile comes to your tour and you try to charge him 30 then he will just probably decide to leave and go back to a free tube site because he can only afford paying 15 in this cases you lose money big time you know the expression a bird in the hand is worth two in the bush that s about this type of shopper for these shoppers the ai s dynamic pricing algorithm may find out through constant testing that the best way to make you more money is to apply a discount your first reaction to this could be we don t operate a charity right we get it but you know what the a i doesn t know about that it doesn t even have this kind of concept programmed in its logic it only knows after exploring a lot of options that price x will make you more money with that shopper and that product at that moment there are some corner cases where certain discounts don t make sense this can happen when the revenue wouldn t cover costs and it is better not to have the sale at all though this is a rare case for digital goods ex subscriptions to digital content where some money is almost always better than 0 money it is easier to imagine for hard goods the ai s dynamic pricing algorithm doesn t know about costs for these cases we can teach the ai about them in fact when clients want to set a minimum price we tell the ai don t go below x the client tells us what the minimum amount is that she can accept via email and we pass the rule to our ai algorithm but be careful the ai wouldn t offer lower prices to selected shoppers unless it made you more money through a combination of better conversion rate and higher lifetime value the ai s dynamic pricing algorithm s job is to figure out which price will get each shopper to spend the maximum amount of money with you how does vendo s ai deal with shoppers using vpn connections to buy and access content vendo deals with all shoppers on an individual basis using artificial intelligence technology we don t block transactions based on issuing bank country and user ip location mismatch using artificial intelligence ai we combine different criteria to evaluate the risk of a transaction the main objective of the ai risk system is to allow as many good transactions as possible and block as few transactions as possible even when the system is quite sure that a transaction may be fraudulent it will still allow a few of these to learn if its assumptions were correct it helps itself to adapt and correct the criteria for the future a team of experienced risk specialists and ai are the best way to maximize your revenue while minimizing your risk can i use my own billing and you provide the optimization no the model requires a training phase in order to do this training and provide an optimization response we need to collect the historical data and feed the model with it once the model is ready it can only be used on similar data to the one used for training dynamic pricing can you provide pricing for email camp...
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