Amazon suspends 6,000+ sellers for price gouging

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. 

4/16/20 Update:

Amazon has now suspended 6,000+ sellers after they have been found price gouging essential items on Amazon.

Some of these items are even medical supplies like N95 masks which have been selling for prices like $485 for a pack of 20, per Reddit. (Personally, I think those accounts should be shut down for good and not just suspended for that type of gouging.) 

In addition to the suspension of the 6,000 sellers, Amazon has also removed more than 500,000 listings from its website for price gouging.

To help combat the price gouging in the future, Amazon created a special communication channel for state attorney generals to quickly escalate consumer complaints to Amazon and turned over information about sellers they suspected engaged in price gouging of products related to COVID-19 to 42 states.

This has come after Amazon’s automated and manual review process for price gouging apparently failed and drew heavy criticism from officials in different states.

H/T

=====

3/23/20 Original post:

If you’ve been shopping for items like hand sanitizer or Lysol wipes on Amazon over the past couple of weeks you may have seen some prices that shocked you. In some cases you may have seen the price for soap and other essentials at around two or three times the normal price or even much higher!

Not that it is super surprising but there are people out there who will try to take advantage of others even in a time of crisis. 

These price gougers have increased the prices on many essential items and have had quite a large presence on Amazon over the past couple of weeks.

In fact, Amazon states that they have removed more than half a million listings that they believed were the product of price gouging. They have also suspended approximately 4,000 accounts in the US for sellers violating the terms and conditions related to pricing.

Amazon is actively monitoring sellers to ensure that they are not price gouging and they stated that they have reached out to state attorney generals to help monitor the situation

“We are also proactively sharing information with state attorneys general and federal regulators about sellers we suspect have engaged in egregious price gouging of products related to the Covid-19 crisis,” Amazon’s statement reads.

People who do this are truly the worst and it is encouraging to see Amazon crack down on these people. I’d encourage everybody out there to consider sharing your resources if you have a surplus because there are lots of people out there living in a state of fear because of a lack of essentials.

UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

5 comments

  1. Amazon has been saying that for over a month now. But, I still see all the usual suspects still gouging customers.

    On Amazon USA they are still selling 3M P100 filters (pack of 2) for $30 (regular price), plus $362 shipping! LOL

    On Amazon UAE the same filters are selling for $243.00!

    On Amazon Mexico the filters cost $925.00 Crazy.

    I bought a total of 4 for less than $30 on the Amazon Mexico site two weeks ago.

    Total rip off on these prices.

  2. I’m a Amazon junkie, so I’m constantly stalking their sites. And basically you can buy just about anything at the right price if you’re constantly looking or setup notifications on the camelcamelcamel website. Some people are so desperate to buy masks etc, that they overpay or end up receiving a counterfeit product because they haven’t done any research on the product they’re buying and simply have no clue.

  3. I would say it’s about time all sites that allow the resale of items that are essential and even non essential are shutdown! I would also hope that the original suppliers will not allow a refund to these scum bags so they are stuck with the products they bought in order to make a quick buck! There should be away to find out who’s doing this and publicly shame them!!!

  4. AMAZON is allowing a third party vendor to sell Lysol laundry deodorizer which is impossible to come by. UNLESS, you are willing to spend approximately $35 for a container that sells for $8.99-$11.99 depending on store and area of the country you are purchasing. Add to the $35 an ADDITIONAL $33 SHIPPING. I also saw a single can of Lysol for $75. PRICE GOUGING.
    I must be nuts to think that these people have a CONSCIENCE and are able to sleep at night.

Leave a Reply

Your email address will not be published. Required fields are marked *