Amazon changes product prices 2.5 million times a day, meaning that an average product listed on Amazon changes prices every 10 minutes.
The constant price changes have annoyed some consumers when they see the price of an item drop right after they buy it, but they’ve also helped Amazon boost profits by 25%.
Why do Amazon prices fluctuate so wildly?
Prices don’t just change with the season or when something goes on sale. They fluctuate as often as every 15 minutes. That’s because Amazon and the site’s third-party sellers are engaged in an algorithmically enabled pricing war. Amazon has long determined prices using lots of fancy math.
Can you get a price adjustment on Amazon?
When this happens, Amazon customers are generally able to request a price adjustment and be refunded the difference within seven days of purchase. According to a customer thread on Reddit, however, this is no longer an option. We’re huge fans of Apple laptops at TNW.
Did Amazon raise prices?
Amazon to raise annual Prime subscription to $119, a 20% increase. SAN FRANCISCO— Amazon is raising the annual cost of its Prime subscription service for U.S. customers to $119 per year, up from $99. The new pricing will apply to existing members’ renewals starting June 16. In 2014 the cost went from $79 to $99.
Does Amazon change prices based on location?
Prices change all the time in brick and mortar stores based on location, but when you’re shopping online it’s assumed that everyone’s getting the same deal. That’s not always the case, and as it turns out, certain retailers change the price based on location with “dynamic pricing.”
Photo in the article by “Wikimedia Commons”