I think typically $9.99-type pricing converts better because it sounds disproportionally cheaper than $10.
The reason I use $10-type pricing for WIP is because I want it to feel more like a financial contribution than a product/money exchange. Using psychological pricing wouldn't make sense in that case as it has this smell of trickery to it. Especially for people familiar with the concept of pricing psychology like us makers.
For some other products I do use psychological pricing however. Really depends on the product and customer.
I think typically $9.99-type pricing converts better because it sounds disproportionally cheaper than $10.
The reason I use $10-type pricing for WIP is because I want it to feel more like a financial contribution than a product/money exchange. Using psychological pricing wouldn't make sense in that case as it has this smell of trickery to it. Especially for people familiar with the concept of pricing psychology like us makers.
For some other products I do use psychological pricing however. Really depends on the product and customer.