11/20/2014 // West Palm Beach, Florida, US // JusticeNewsFlash // Justice News Flash // (press release)
US – Retail giant Walmart has closed a loophole concerning its online retailer price matching policy. As reported by WebProNews, the company decided to implement changes to the policy after scammers found a way to get items sold by third party vendors matched for a fraction of their costs.
Walmart announced earlier this month that price-matching policies would be implemented in all of its stores in the US, after matching some online prices in a select number of stores. The company decided to update its policy; however, after scammers began posting fake listings for PlayStation 4s priced as low as $50.
A spokesperson for Walmart is quoted as saying in a statement regarding the issue, “We launched online price matching because it’s the right thing for our customers. It’s making a meaningful difference for people who want to feel confident they’re getting the best price, and we’re committed to matching online prices going forward.
“At the same time, we can’t tolerate fraud or attempts to trick our cashiers. This kind of activity is unfair to the millions of customers who count on us every day for honest value. With this in mind, we’ve updated our policy to clarify that we will match prices from Walmart.com and 30 major online retailers, but we won’t honor prices from marketplace vendors, third-party sellers, auction sites or sites requiring memberships.”
Justice News Flash delivers the latest in US Business News.
215 South Olive
W. Palm Beach FL 33401
Address: 215 South Olive Suite 300 W. Palm Beach FL 33401