Wal-Mart Customers Trick Stores to Match a Fake $90 Price for PS4 - Update
Wal-Mart's price-matching policy lost the company a lot of money when customers brought in Amazon third-party sellers' prices of PS4s.
Update: Wal-Mart has confirmed to The Escapist that the company has amended its price-matching policy to state it will no longer match the prices of third-party vendors. The full details of the policy are available to view here. [http://corporate.walmart.com/policies/our-online-price-match-policy]
Original story:Amazon [http://escapistmagazine.com/tag/view/walmart], on an identical product.
However, Wal-Mart stores were matching the price of PS4s, originally $400, set by third-party sellers in the Amazon marketplace. Any Amazon member with a registered selling account can list items for sale online. Wal-Mart's policy currently requires customers to present just a screen capture of the page to a cashier.
Customers have posted pictures of receipts to show Wal-Mart accepted the fake Amazon listings, such as Twitter user Taahaa8 [https://twitter.com/taahaa8/status/534744983472181248], who wrote, "LMAO Amazon and Walmart jig just got ps4 for $97."
Employees did not check the legitimacy of the listings they were matching.
Last weekend, a Sears glitch caused Wii U and 3DS bundles to be listed for $60 each [http://kotaku.com/temporary-sears-glitch-let-some-people-buy-60-3ds-and-1659777648]. Sears quickly corrected the problem, but before it was fixed, Sears customers got physical stores to match the $60 price found online. Others got Toys R Us, Best Buy, and Wal-Mart stores to match the false price.
We have contacted Amazon and Wal-Mart for comment.
Wal-Mart may need to amend its price-matching policy to reexamine what "for sale on Amazon.com" includes.
Source: CNBC [http://www.cnbc.com/id/102197050#]
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Update: Wal-Mart has confirmed to The Escapist that the company has amended its price-matching policy to state it will no longer match the prices of third-party vendors. The full details of the policy are available to view here. [http://corporate.walmart.com/policies/our-online-price-match-policy]
Original story:Amazon [http://escapistmagazine.com/tag/view/walmart], on an identical product.
However, Wal-Mart stores were matching the price of PS4s, originally $400, set by third-party sellers in the Amazon marketplace. Any Amazon member with a registered selling account can list items for sale online. Wal-Mart's policy currently requires customers to present just a screen capture of the page to a cashier.
Customers have posted pictures of receipts to show Wal-Mart accepted the fake Amazon listings, such as Twitter user Taahaa8 [https://twitter.com/taahaa8/status/534744983472181248], who wrote, "LMAO Amazon and Walmart jig just got ps4 for $97."
Employees did not check the legitimacy of the listings they were matching.
Last weekend, a Sears glitch caused Wii U and 3DS bundles to be listed for $60 each [http://kotaku.com/temporary-sears-glitch-let-some-people-buy-60-3ds-and-1659777648]. Sears quickly corrected the problem, but before it was fixed, Sears customers got physical stores to match the $60 price found online. Others got Toys R Us, Best Buy, and Wal-Mart stores to match the false price.
We have contacted Amazon and Wal-Mart for comment.
Wal-Mart may need to amend its price-matching policy to reexamine what "for sale on Amazon.com" includes.
Source: CNBC [http://www.cnbc.com/id/102197050#]
Permalink