ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

These Amazon Customers Are Calling Prime Day Deals a Scam: Should You Worry?

"The patio furniture I’ve been eyeing I just decided to buy. It said it was 20% off but it’s the same price it has been since I’ve been looking at it."
UPDATED JAN 22, 2024
Cover Image Source: TikTok | offthelowlow
Cover Image Source: TikTok | offthelowlow

On Day 1 of the Amazon Prime Day sale, many headed to Amazon's website and app to grab the very many deals. However, this TikTok user has fired at Amazon by saying that the deals aren't that great after all. TikTok user @offthelowlow took to the video-sharing platform and showed an iRobot mop that she claimed has been with her for quite some time now. The listed price for the mop was $299, an amount she claims is consistent. The same product was listed on Amazon as a part of their sale, claiming that the price was cut down from $500 to $299. "That’s simply not true," the TikTok user said in the video. "It has been $299 for the past year. It was never $500," she revealed.

Cover Image Source: offthelowlow
Cover Image Source: @offthelowlow

Many took to the comment section of the video which had more than 418K views to share similar experiences. Madison Mason 757 REALTOR writes, "The patio furniture I’ve been eyeing I just decided to buy. It said it was 20% off but it’s the same price it has been since I’ve been looking at it." Haybelle89 shares an astonishing fact that her friend just told her that her cart price went up during Prime Day. Another user, Hannah Rosetta wrote, "These cute coupe glasses I wanted were 69 yesterday & 84 today but on sale" "Prime Day isn’t priming anymore,” a user pointed out.

Cover Image Source: GettyImages | David Ryder  Stringer
Image Source: David Ryder Stringer/Getty Images

People on other social media platforms like Twitter also expressed their disappointment in the deals. "Amazon Prime Day just tried to scam me. They showed me an item that I bought before but raised the price artificially then told me that they lowered the price making it the same, but tricking me that it’s cheaper," tweeted a user. Another user simply expressed her will to cancel the membership and called it a scam. 



 

In a thread started on Reddit that asked people if they thought Prime Deals are fake, a person shared insights on the technical aspect of it. They talked about how Amazon has no direct control over the price, and that it's the brand managers and sellers who actually set the prices "Brand managers(like myself) and sellers submit products and their prices several months in advance." Amazon simply accepts or rejects these submissions.

Image Source: Kampus Production/Pexels
Image Source: Kampus Production/Pexels

The user also talked about how the algorithm "aggressively price matches online retailers by using web crawlers." These web crawlers are then reset for the prime sale and hence, sometimes there are items that are cheaper prior to the sale because they were being price matched before the Prime Day sale. The user also elaborated on how certain products are always promoted so it's just another regular sale day for those brands. 

"About 30%-35% is what most consumers would see during any promotion whether it's Prime Day or not. Those are the kinds of deals brands and sellers tend to run as that still leaves a small amount of profit after Amazon takes their cuts," the user wrote. If the businesses were not so expensive to run, consumers would see better deals, per the user.

Phishing increases during busy shopping days like Prime Day or Black Friday hence, the Better Business Bureau warned shoppers about phishing scams, misleading advertisements, and lookalike websites, per Fox Business. Unsolicited emails, texts, or phone calls with some messages claiming there is a gift waiting or a problem with delivery are tell-tale signs of impersonation scams. "Know what you’ve opted in and out of before you click," the Bureau advised, asking customers to track their purchases.

Image Source: Yan Krukau/Pexels
Image Source: Yan Krukau/Pexels

Despite some shoppers not finding their desired deals, Prime Day sales touched a record high this year, at $6.4 billion. Home appliances seem to be hot favorites and can be great gifting options.

MORE ON MARKET REALIST
Harvey first got embarrassed and then fired back with a roast.
18 hours ago
The contestant, Alison Betts hedged a massive bet on her opponents getting the answer wrong.
1 day ago
While customers may benefit, U.S. automakers could suffer due to the cut-throat pricing competition.
1 day ago
According to data from Zillow, couples can save over $20,000 by sharing the burden
1 day ago
The player who annoyed the host was quickly put in his place with a roast.
1 day ago
Harvey, a music lover was taken on a ride by the contestants.
1 day ago
Trump warned Canada could face a 100% tariff if it signs a trade agreement with China.
4 days ago
The Secretary of Health and Human Services loves the President for giving him creative liberty.
5 days ago
CEO Brian Moynihan negated the concerns of a K-shaped economy, claiming January spending is up.
5 days ago
Howard Lutnick claimed the U.S. GDP could grow by 6% in the first quarter, thanks to the tariffs.
5 days ago
When Harvey heard how much KC was willing to spend on his anniversary dinner, he was shocked.
5 days ago
The December retail report and the bond market have undermined expectations of strong growth.
6 days ago
Citing Trump's four engines of growth, Peter Navarro says non-inflationary growth is coming.
6 days ago
Economists argue that a disruption in the supply chain could cause a pandemic-like effect in automotive industry
6 days ago
CEO Scott Boatwright had to clarify his alleged focus on the $100K club customers after backlash
6 days ago
Steve Rattner argues that the tariffs have hurt the U.S. but not slowed down the Chinese economy.
6 days ago
While the White House is parading the hefty tax returns, the political payoff may be disappointing
7 days ago
Governor Mike DeWine cautioned that the sales tax could go up to 20% to make up for the lost revenue
7 days ago
Trump reportedly muzzled Consumer Financial Protection Bureau, costing Americans billions in relief
7 days ago
Harvey issued a stern warning to the contestants, once the burn kicked in.
7 days ago