After Selling $90 PS4s, Walmart Changes Online Price Match Policy

November 20, 2014 Written by Jason Dunning

Walmart

Thanks to Walmart’s online price matching policy, people were able to buy the PlayStation 4 for under $100 earlier this week by creating fake listings on Amazon where the system was sold for $89.99.

Now, because of the fake listings, Walmart released a statement revealing that they’re changing their online price matching policy:

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.

In addition to not matching prices from “marketplace and third-party sellers,” Walmart adds that “the item must be currently in-stock at the online retailer’s website at the time the request for the price match is made.” As well, they reserve the right to verify the price, with the Store Manager having final say on all price matches.

You can check out all the new details about Walmart’s online price match policy over here.

[Source: Polygon, CNBC]