> ## Documentation Index
> Fetch the complete documentation index at: https://pricepirate.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Pricing strategies

> Choose a publicly available pricing strategy for your tracked products.

A pricing strategy decides which price PricePirate proposes for a variant. It compares the current competitor offers on the listing and calculates a new price from them — always within the limits you define in [Settings](/docs/en/guide/pricing/settings).

You pick a strategy from the **Select pricing strategy** button on a variant. In the dialog you choose the strategy at the top and configure its fields below.

<Frame caption="Select and configure a strategy">
  <img src="https://mintcdn.com/pricepirate/-f7Wl9n_JmVrOBz9/images/pricing/strategy-modal-base.png?fit=max&auto=format&n=-f7Wl9n_JmVrOBz9&q=85&s=f84b51e6b29e573787ac43c7927a81a2" alt="The “Select pricing strategy” dialog with a chosen strategy, minimum price, and shipping cost" width="1216" height="1182" data-path="images/pricing/strategy-modal-base.png" />
</Frame>

## The two strategies

Your shop has two competitor-based strategies. Both track the cheapest eligible competitor.

<Columns cols={2}>
  <Card title="Match The Cheapest" href="/docs/en/guide/pricing/match-the-cheapest">
    Matches your price to the cheapest eligible competitor **without undercutting** it. Stay competitive without starting a price war.
  </Card>

  <Card title="Beat The Cheapest" href="/docs/en/guide/pricing/beat-the-cheapest">
    **Undercuts** the cheapest eligible competitor by a set amount. Deliberately take the cheapest position.
  </Card>
</Columns>

## Three variants per strategy

Each of the two strategies comes in three variants that differ only in the price floor and the reset behavior:

| Variant                      | Price floor                               | Learn more                                       |
| ---------------------------- | ----------------------------------------- | ------------------------------------------------ |
| **Standard (minimum price)** | fixed minimum price                       | on the strategy's own page                       |
| **With minimum margin**      | derived from cost and margin              | [Minimum margin](/docs/en/guide/pricing/min-margin)   |
| **With reset**               | fixed reset hours without dynamic pricing | [Reset windows](/docs/en/guide/pricing/reset-windows) |

<Note>
  Depending on your shop, additional strategies may be available. The two described above — with their three variants — are enabled for every shop.
</Note>

## Before saving

* Check the [settings](/docs/en/guide/pricing/settings), especially the minimum and maximum price.
* [Test](/docs/en/guide/pricing/test) the strategy against current listing data before you enable it.
* Use [templates](/docs/en/guide/pricing/templates) when several products should share the same logic.

For an overview of how strategies, guardrails, and automation work together, see the solution page [Dynamic pricing](/docs/en/solutions/dynamic-pricing).