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News_Amazon

Important information regarding price gouging

Amazon’s Marketplace Fair Pricing Policy protects our customers from unfair, excessive, and misleading prices. We recognize there may be some confusion as to what may trigger offer removal or account suspension for price gouging under this policy.

While state price gouging laws vary, in general they look to the average sale price (ASP) of an item preceding a state of emergency and prohibit price increases over that ASP due to the emergency. Some states cap those price increases at fixed amounts (10%, for example) while others prohibit “unconsciously excessive” price increases without a fixed cap. Many permit exceptions when the seller can show that the increase is due to the increased costs of goods, freight, or labor.

Our systems attempt to account for these variations in state law while recognizing that the costs of many goods are increasing due to the worldwide effects of the COVID-19 pandemic. As a starting point, we look at the ASP of the product (excluding any offers that are excessive) as well as the prevailing prices of the product.

14K views
162 replies
Tags:News and Announcements
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user profile
News_Amazon

Important information regarding price gouging

Amazon’s Marketplace Fair Pricing Policy protects our customers from unfair, excessive, and misleading prices. We recognize there may be some confusion as to what may trigger offer removal or account suspension for price gouging under this policy.

While state price gouging laws vary, in general they look to the average sale price (ASP) of an item preceding a state of emergency and prohibit price increases over that ASP due to the emergency. Some states cap those price increases at fixed amounts (10%, for example) while others prohibit “unconsciously excessive” price increases without a fixed cap. Many permit exceptions when the seller can show that the increase is due to the increased costs of goods, freight, or labor.

Our systems attempt to account for these variations in state law while recognizing that the costs of many goods are increasing due to the worldwide effects of the COVID-19 pandemic. As a starting point, we look at the ASP of the product (excluding any offers that are excessive) as well as the prevailing prices of the product.

14K views
162 replies
Tags:News and Announcements
70
Reply
0 replies
user profile
Seller_ycoABUjPyDkPD
In reply to: News_Amazon's post

How can sellers determine prevailing prices on Amazon other than using third party price tracking tools like Keepa and Camel Camel Camel? These tools can give a general idea, but are still best guess.

290
user profile
Seller_NZDhmtAzXld8H
In reply to: News_Amazon's post

Does price gouging concept applies only to essential items? Or to all? I mean, Nintendo Switch Console is clearly a “luxury” item, so pricing on it is not subject to price gouging laws? Does Amazon provides a list of categories which are subject to price gouging protection?

340
user profile
Seller_0xK5rC3wc3KgD
In reply to: News_Amazon's post

Amazon needs to get their bots fixed. We have Qty bulk listings that break down cheaper than what amazon sells items per unit, but because it is a bulk qty listing - amazon bots think it’s price gouging.

Example - we have a listing with 100 widgets for $100
Amazon.com sells their own branded same item for $14.99 each.

We are marked as Price Gouging for this even though our price per unit is $10.00

We do this because these items may fit in 1 pallet and ships easily to businesses. But we can’t do this anymore because Amazon has incorrectly flagged us as Price Gouging.

570
user profile
Seller_GVwqioXcZvcRU
In reply to: News_Amazon's post

Is there something in place to exclude the Handmade category from being included in having our listings blocked? Naturally our items do cost more than mass produced goods.

70
user profile
Seller_JSkKTxOgzk1ON
In reply to: News_Amazon's post

I would like to see the algorithm that attempts to monitor “unconsciously excessive” pricing.

290
user profile
Seller_tUYpcJn3XkHrh
In reply to: News_Amazon's post

This policy is causing sellers to stop stocking essential goods out of fear of getting suspended, including myself.

We have seen price gouging claims on ASINs that were priced below the ASP of the product according to keepa. We would happily stock products that customers need, but we don’t know what price we have to price at or below to not trigger Amazon’s arbitrary and confusing algorithm.

Amazon. Your Algorithm is harming customers. Give us guidance. This announcement is so arbitrary and not tactile advice.

1150
user profile
Seller_1UCtaC5Um9lTZ
In reply to: News_Amazon's post

We’ve been selling a product with the same price for long time without changing it. It has been flagged for price gouging. Amazon’s bot is not properly working .

550
user profile
Seller_Lhi6rDA2vgtT0
In reply to: News_Amazon's post

@Amazon_News…does this price gouging issue pertain to the price of the item listed, or the out the door price (item price, tax, shipping)? If the latter, what is a rule of thumb for setting shipping costs?

For example to set the shipping cost for a 30lb item that with only shipping availability to the lower 48 at standard speed out of Nashville TN, where’s the line? I know what that costs me to ship that package, but have had buyers in disbelief of the shipping cost…even though it’s the same as it’s always been.

Sarcastic replies first, then condescending second…:mask::mask::mask:

40
user profile
Seller_dPc1GkArwgCr9
In reply to: News_Amazon's post

Most important rule of “Economics” IS DEMAND AND SUPPLY!!!
If there is too much demand and low supply prices will GO UP!
If there is too much supply and demand is low prices will go DOWN!
Amazon wrong algorithm does not take any consideration of this MOST IMPORTANT RULE.
Price gouging is buying an item @ $1 and selling it to $1000. This ratio is price gouging.
Please revise your algorithm!

460
user profile
Seller_aJx0f3jarYSoF
In reply to: News_Amazon's post

So why is a gallon of vinegar on your site at $24.00 and up from multiple vendors? That is well above market price.

120
user profile
News_Amazon

Important information regarding price gouging

Amazon’s Marketplace Fair Pricing Policy protects our customers from unfair, excessive, and misleading prices. We recognize there may be some confusion as to what may trigger offer removal or account suspension for price gouging under this policy.

While state price gouging laws vary, in general they look to the average sale price (ASP) of an item preceding a state of emergency and prohibit price increases over that ASP due to the emergency. Some states cap those price increases at fixed amounts (10%, for example) while others prohibit “unconsciously excessive” price increases without a fixed cap. Many permit exceptions when the seller can show that the increase is due to the increased costs of goods, freight, or labor.

Our systems attempt to account for these variations in state law while recognizing that the costs of many goods are increasing due to the worldwide effects of the COVID-19 pandemic. As a starting point, we look at the ASP of the product (excluding any offers that are excessive) as well as the prevailing prices of the product.

14K views
162 replies
Tags:News and Announcements
70
Reply
user profile
News_Amazon

Important information regarding price gouging

Amazon’s Marketplace Fair Pricing Policy protects our customers from unfair, excessive, and misleading prices. We recognize there may be some confusion as to what may trigger offer removal or account suspension for price gouging under this policy.

While state price gouging laws vary, in general they look to the average sale price (ASP) of an item preceding a state of emergency and prohibit price increases over that ASP due to the emergency. Some states cap those price increases at fixed amounts (10%, for example) while others prohibit “unconsciously excessive” price increases without a fixed cap. Many permit exceptions when the seller can show that the increase is due to the increased costs of goods, freight, or labor.

Our systems attempt to account for these variations in state law while recognizing that the costs of many goods are increasing due to the worldwide effects of the COVID-19 pandemic. As a starting point, we look at the ASP of the product (excluding any offers that are excessive) as well as the prevailing prices of the product.

14K views
162 replies
Tags:News and Announcements
70
Reply
user profile

Important information regarding price gouging

by News_Amazon

Amazon’s Marketplace Fair Pricing Policy protects our customers from unfair, excessive, and misleading prices. We recognize there may be some confusion as to what may trigger offer removal or account suspension for price gouging under this policy.

While state price gouging laws vary, in general they look to the average sale price (ASP) of an item preceding a state of emergency and prohibit price increases over that ASP due to the emergency. Some states cap those price increases at fixed amounts (10%, for example) while others prohibit “unconsciously excessive” price increases without a fixed cap. Many permit exceptions when the seller can show that the increase is due to the increased costs of goods, freight, or labor.

Our systems attempt to account for these variations in state law while recognizing that the costs of many goods are increasing due to the worldwide effects of the COVID-19 pandemic. As a starting point, we look at the ASP of the product (excluding any offers that are excessive) as well as the prevailing prices of the product.

Tags:News and Announcements
70
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user profile
Seller_ycoABUjPyDkPD
In reply to: News_Amazon's post

How can sellers determine prevailing prices on Amazon other than using third party price tracking tools like Keepa and Camel Camel Camel? These tools can give a general idea, but are still best guess.

290
user profile
Seller_NZDhmtAzXld8H
In reply to: News_Amazon's post

Does price gouging concept applies only to essential items? Or to all? I mean, Nintendo Switch Console is clearly a “luxury” item, so pricing on it is not subject to price gouging laws? Does Amazon provides a list of categories which are subject to price gouging protection?

340
user profile
Seller_0xK5rC3wc3KgD
In reply to: News_Amazon's post

Amazon needs to get their bots fixed. We have Qty bulk listings that break down cheaper than what amazon sells items per unit, but because it is a bulk qty listing - amazon bots think it’s price gouging.

Example - we have a listing with 100 widgets for $100
Amazon.com sells their own branded same item for $14.99 each.

We are marked as Price Gouging for this even though our price per unit is $10.00

We do this because these items may fit in 1 pallet and ships easily to businesses. But we can’t do this anymore because Amazon has incorrectly flagged us as Price Gouging.

570
user profile
Seller_GVwqioXcZvcRU
In reply to: News_Amazon's post

Is there something in place to exclude the Handmade category from being included in having our listings blocked? Naturally our items do cost more than mass produced goods.

70
user profile
Seller_JSkKTxOgzk1ON
In reply to: News_Amazon's post

I would like to see the algorithm that attempts to monitor “unconsciously excessive” pricing.

290
user profile
Seller_tUYpcJn3XkHrh
In reply to: News_Amazon's post

This policy is causing sellers to stop stocking essential goods out of fear of getting suspended, including myself.

We have seen price gouging claims on ASINs that were priced below the ASP of the product according to keepa. We would happily stock products that customers need, but we don’t know what price we have to price at or below to not trigger Amazon’s arbitrary and confusing algorithm.

Amazon. Your Algorithm is harming customers. Give us guidance. This announcement is so arbitrary and not tactile advice.

1150
user profile
Seller_1UCtaC5Um9lTZ
In reply to: News_Amazon's post

We’ve been selling a product with the same price for long time without changing it. It has been flagged for price gouging. Amazon’s bot is not properly working .

550
user profile
Seller_Lhi6rDA2vgtT0
In reply to: News_Amazon's post

@Amazon_News…does this price gouging issue pertain to the price of the item listed, or the out the door price (item price, tax, shipping)? If the latter, what is a rule of thumb for setting shipping costs?

For example to set the shipping cost for a 30lb item that with only shipping availability to the lower 48 at standard speed out of Nashville TN, where’s the line? I know what that costs me to ship that package, but have had buyers in disbelief of the shipping cost…even though it’s the same as it’s always been.

Sarcastic replies first, then condescending second…:mask::mask::mask:

40
user profile
Seller_dPc1GkArwgCr9
In reply to: News_Amazon's post

Most important rule of “Economics” IS DEMAND AND SUPPLY!!!
If there is too much demand and low supply prices will GO UP!
If there is too much supply and demand is low prices will go DOWN!
Amazon wrong algorithm does not take any consideration of this MOST IMPORTANT RULE.
Price gouging is buying an item @ $1 and selling it to $1000. This ratio is price gouging.
Please revise your algorithm!

460
user profile
Seller_aJx0f3jarYSoF
In reply to: News_Amazon's post

So why is a gallon of vinegar on your site at $24.00 and up from multiple vendors? That is well above market price.

120
user profile
Seller_ycoABUjPyDkPD
In reply to: News_Amazon's post

How can sellers determine prevailing prices on Amazon other than using third party price tracking tools like Keepa and Camel Camel Camel? These tools can give a general idea, but are still best guess.

290
user profile
Seller_ycoABUjPyDkPD
In reply to: News_Amazon's post

How can sellers determine prevailing prices on Amazon other than using third party price tracking tools like Keepa and Camel Camel Camel? These tools can give a general idea, but are still best guess.

290
Reply
user profile
Seller_NZDhmtAzXld8H
In reply to: News_Amazon's post

Does price gouging concept applies only to essential items? Or to all? I mean, Nintendo Switch Console is clearly a “luxury” item, so pricing on it is not subject to price gouging laws? Does Amazon provides a list of categories which are subject to price gouging protection?

340
user profile
Seller_NZDhmtAzXld8H
In reply to: News_Amazon's post

Does price gouging concept applies only to essential items? Or to all? I mean, Nintendo Switch Console is clearly a “luxury” item, so pricing on it is not subject to price gouging laws? Does Amazon provides a list of categories which are subject to price gouging protection?

340
Reply
user profile
Seller_0xK5rC3wc3KgD
In reply to: News_Amazon's post

Amazon needs to get their bots fixed. We have Qty bulk listings that break down cheaper than what amazon sells items per unit, but because it is a bulk qty listing - amazon bots think it’s price gouging.

Example - we have a listing with 100 widgets for $100
Amazon.com sells their own branded same item for $14.99 each.

We are marked as Price Gouging for this even though our price per unit is $10.00

We do this because these items may fit in 1 pallet and ships easily to businesses. But we can’t do this anymore because Amazon has incorrectly flagged us as Price Gouging.

570
user profile
Seller_0xK5rC3wc3KgD
In reply to: News_Amazon's post

Amazon needs to get their bots fixed. We have Qty bulk listings that break down cheaper than what amazon sells items per unit, but because it is a bulk qty listing - amazon bots think it’s price gouging.

Example - we have a listing with 100 widgets for $100
Amazon.com sells their own branded same item for $14.99 each.

We are marked as Price Gouging for this even though our price per unit is $10.00

We do this because these items may fit in 1 pallet and ships easily to businesses. But we can’t do this anymore because Amazon has incorrectly flagged us as Price Gouging.

570
Reply
user profile
Seller_GVwqioXcZvcRU
In reply to: News_Amazon's post

Is there something in place to exclude the Handmade category from being included in having our listings blocked? Naturally our items do cost more than mass produced goods.

70
user profile
Seller_GVwqioXcZvcRU
In reply to: News_Amazon's post

Is there something in place to exclude the Handmade category from being included in having our listings blocked? Naturally our items do cost more than mass produced goods.

70
Reply
user profile
Seller_JSkKTxOgzk1ON
In reply to: News_Amazon's post

I would like to see the algorithm that attempts to monitor “unconsciously excessive” pricing.

290
user profile
Seller_JSkKTxOgzk1ON
In reply to: News_Amazon's post

I would like to see the algorithm that attempts to monitor “unconsciously excessive” pricing.

290
Reply
user profile
Seller_tUYpcJn3XkHrh
In reply to: News_Amazon's post

This policy is causing sellers to stop stocking essential goods out of fear of getting suspended, including myself.

We have seen price gouging claims on ASINs that were priced below the ASP of the product according to keepa. We would happily stock products that customers need, but we don’t know what price we have to price at or below to not trigger Amazon’s arbitrary and confusing algorithm.

Amazon. Your Algorithm is harming customers. Give us guidance. This announcement is so arbitrary and not tactile advice.

1150
user profile
Seller_tUYpcJn3XkHrh
In reply to: News_Amazon's post

This policy is causing sellers to stop stocking essential goods out of fear of getting suspended, including myself.

We have seen price gouging claims on ASINs that were priced below the ASP of the product according to keepa. We would happily stock products that customers need, but we don’t know what price we have to price at or below to not trigger Amazon’s arbitrary and confusing algorithm.

Amazon. Your Algorithm is harming customers. Give us guidance. This announcement is so arbitrary and not tactile advice.

1150
Reply
user profile
Seller_1UCtaC5Um9lTZ
In reply to: News_Amazon's post

We’ve been selling a product with the same price for long time without changing it. It has been flagged for price gouging. Amazon’s bot is not properly working .

550
user profile
Seller_1UCtaC5Um9lTZ
In reply to: News_Amazon's post

We’ve been selling a product with the same price for long time without changing it. It has been flagged for price gouging. Amazon’s bot is not properly working .

550
Reply
user profile
Seller_Lhi6rDA2vgtT0
In reply to: News_Amazon's post

@Amazon_News…does this price gouging issue pertain to the price of the item listed, or the out the door price (item price, tax, shipping)? If the latter, what is a rule of thumb for setting shipping costs?

For example to set the shipping cost for a 30lb item that with only shipping availability to the lower 48 at standard speed out of Nashville TN, where’s the line? I know what that costs me to ship that package, but have had buyers in disbelief of the shipping cost…even though it’s the same as it’s always been.

Sarcastic replies first, then condescending second…:mask::mask::mask:

40
user profile
Seller_Lhi6rDA2vgtT0
In reply to: News_Amazon's post

@Amazon_News…does this price gouging issue pertain to the price of the item listed, or the out the door price (item price, tax, shipping)? If the latter, what is a rule of thumb for setting shipping costs?

For example to set the shipping cost for a 30lb item that with only shipping availability to the lower 48 at standard speed out of Nashville TN, where’s the line? I know what that costs me to ship that package, but have had buyers in disbelief of the shipping cost…even though it’s the same as it’s always been.

Sarcastic replies first, then condescending second…:mask::mask::mask:

40
Reply
user profile
Seller_dPc1GkArwgCr9
In reply to: News_Amazon's post

Most important rule of “Economics” IS DEMAND AND SUPPLY!!!
If there is too much demand and low supply prices will GO UP!
If there is too much supply and demand is low prices will go DOWN!
Amazon wrong algorithm does not take any consideration of this MOST IMPORTANT RULE.
Price gouging is buying an item @ $1 and selling it to $1000. This ratio is price gouging.
Please revise your algorithm!

460
user profile
Seller_dPc1GkArwgCr9
In reply to: News_Amazon's post

Most important rule of “Economics” IS DEMAND AND SUPPLY!!!
If there is too much demand and low supply prices will GO UP!
If there is too much supply and demand is low prices will go DOWN!
Amazon wrong algorithm does not take any consideration of this MOST IMPORTANT RULE.
Price gouging is buying an item @ $1 and selling it to $1000. This ratio is price gouging.
Please revise your algorithm!

460
Reply
user profile
Seller_aJx0f3jarYSoF
In reply to: News_Amazon's post

So why is a gallon of vinegar on your site at $24.00 and up from multiple vendors? That is well above market price.

120
user profile
Seller_aJx0f3jarYSoF
In reply to: News_Amazon's post

So why is a gallon of vinegar on your site at $24.00 and up from multiple vendors? That is well above market price.

120
Reply

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