Pakettihinta

Pakettihinta is a fixed price for a defined package of goods or services offered to a customer. The pricing model bundles multiple items or services into one price, often on a subscription basis or with a commitment period. The form is common in telecommunications (internet, television, and mobile services), energy and utilities bundles, software suites, streaming services, and other consumer subscriptions. A pakettihinta contrasts with pay-per-item pricing, providing price predictability and potential savings through bundling, but can limit choice and bind the consumer to unused services.

Key features include the defined scope of the package, the contract length or renewal terms, and any price changes during the term. Packages may use promotional introductory prices that rise after a period, include add-ons, or conditions for upgrading or downgrading. Early termination penalties or non-transferability can be part of the terms. The total cost may also involve equipment rental, installation fees, or data limits.

Advantages include predictability and simplicity, potential discounts, and easier budgeting. Drawbacks include reduced flexibility, the risk of paying for unused services, and penalties for changing or cancelling. Consumers should review what is included, the duration, and any automatic renewals.

Regulation generally requires clear disclosure of included services, price, duration, and renewal terms. In the European Union and Finland, consumer contracts for bundled services fall under general contract law and sector-specific rules, including information rights, cancellation options, and remedies for misrepresentation.

Etymology: paketti means "bundle" and hinta means "price" in Finnish.