Walmart Scammed Into Selling $400 PlayStation 4 for $90
Yes, If you have priced out the PlayStation 4 game console, you know it would normally would cost $400.00. How did this happen?
CNBC reports that on Nov. 13, Wal-Mart announced that would price match select online retailers, including Amazon.com What happened is that several customers used the policy to buy a $400 PlayStation 4 console for under $100, using fake Amazon listings.
Any Amazon user with a registered selling account can create authentic-looking pages and list items “for sale” online. Individuals could then print out the ad and take it to Wal-Mart and the retailer would have to match the price.
Twitter and Reddit users posted pictures of receipts documenting PS4 prices as cheap as $90.
If you are looking to cash in, the party is over. WGN TV is reporting that as of Wednesday afternoon:
The retailer's policy has been updated as a result of the fraud. The updated policy on Walmart.com notes stores will not honor prices from marketplace vendors, third-party seller, auction sites or sites requiring memberships. "We can't tolerate fraud or attempts to trick our cashiers," Wal-Mart said, in a statement. "This kind of activity is unfair to the millions of customers who count on us every day for honest value."