Amazon warns sellers against price gouging face masks amid coronavirus concerns
Amazon is warning third-party sellers on its Marketplace platform against exorbitant price hikes to face masks amid the coronavirus outbreak that continues to expand across the globe, Wired reports.
The company demands Marketplace sellers abide by its Fair Pricing Policy, a rule set to protect against “pricing practices that harm customer trust” that dictates that you may not set “a price on a product or service that is significantly higher than recent prices offered on or off Amazon.” Yet, due to the coronavirus, the demand for face masks has skyrocketed, leading some sellers to raise prices in response.
Wired reports that prices for some of the most popular options for medical face masks have tripled and, in some cases, even...