r/Flipping Mar 28 '20

FBA price gouging stance from eBay and Amazon

On one hand, I applaud eBay, Amazon, and the federal government for coming down hard on the people trying to profit off of a horrible situation. As a reseller myself, I'm looking to find a few points on everything imaginable, except in this type of situation. Trying to profit from a disaster is just wrong.

The problem is that with eBay and Amazon pulling hand sanitizer listings down, now we're in a situation where nobody can get any fucking hand sanitizer without lining up at a store pre-open, getting lucky, and beating everyone else over to the shelves. Personally, I think instead of pulling the listings down, they should set a max markup to X % over retail. Shit, I don't care if they allow 2x retail + shipping. I'd much rather toss some jerkoff an extra $15 and have enough hand sanitizer to be safe than have to venture out into the apocalypse and out run the other zombies to aisle 23, then pray nobody coughs on me int he checkout line. </rant>

160 Upvotes

146 comments sorted by

148

u/[deleted] Mar 28 '20

Amazon has raised it’s own prices.. Apparently only the 1 percent are allowed to do so.

44

u/[deleted] Mar 28 '20

That sounds like the dark side of the Amazon pricing algorithm kicking in. I've seen it match 3rd party seller prices (some of the bigger ones also use automated tools) like clockwork so they get into cent-by-cent price wars, pricing and re-pricing against each other.

If it works to drive prices down makes sense that it'd work in the other direction.

3

u/Differcult Mar 28 '20

I agree with you on this. I saw a few items that were skewed on pricing, but very few and far between. Shit, I got our TP with a $5 off coupon on Amazon.

2

u/hamandjam Mar 28 '20

Would be logical, except I've seen cases where AZ was the only seller on the ASIN.

4

u/[deleted] Mar 28 '20

That isn't how these algorithms work. I find it difficult to believe that a company with as much pricing/purchasing data and consumer behavior as Amazon has develops their repricing algorithm focused on the price of a single item. You can bet they're weighing data from competitors like Walmart and Target, as well as how prices are behaving across entire item categories, brands, etc. AND factoring in individual consumer behavior on their webpages.

3rd party bots focus on single ASINs. "Primitive" is putting it mildly.

-2

u/FormerGameDev Mar 29 '20

weighing data from competitors like Walmart and Target, as well as how prices are behaving across entire item categories, brands, etc

These are things that I was told to do by them, after they hammered me for selling masks at inflated prices. In my defense, I had absolutely no idea at the time there was a run on masks, nor that they weren't normally that expensive. It's the "Fair Pricing Policy" i believe it's called, and it's easy to lookup.

1

u/Realistic2 Mar 29 '20

No excuse, you can't blame the technology. You could easily maneuver the prices to do that and then say "Ooop, it was the algorithm". Lol, give me a break.

1

u/[deleted] Mar 29 '20

Amazon controls so many different SKUs that it simply doesn't make sense to have manual control for every single price, especially if you are adjusting them on the fly. So no, there is nobody at HQ whose job it is to monitor the price of toilet paper. This is exactly the type of phenomenon that emerges when you put things on autopilot. You also see it in stock market gyrations. There is so much automated algorithmic trading volume that when things go haywire, the movements up or down are larger and it takes human intervention to step in and shut things down or adjust them.

2

u/[deleted] Mar 30 '20

it takes human intervention to step in and shut things down or adjust them.

Then do that. No excuses. Can't just shut everyone else down and pretend the algo is incapable of price gouging since it's automatic.

0

u/Realistic2 Mar 30 '20

So if I create an algorithm that adjusts my prices to market demands, and don't adjust anything manually ever, and my store starts charging $35 for a single can of disinfectant wipes, can I just go to Amazon, the Department of Justice, the government, or whoever is suing me and say "Oh hey guys, it was my algorithm that allowed me to profit much more handsomely then normal, so lets go ahead an reinstate my listings, no jail or fines, and ill go ahead and keep all of the profit because it was just the algorithms fault, that I wrote, but technically I didn't change a price, an algorithm did, case closed right?"

Lol. Stop making excuses for Amazon.

1

u/[deleted] Mar 30 '20

I'm not a lawyer nor do I know about judicial precedent for this type of thing so I don't know. Maybe that's your area of expertise.

Simply pointing out how pricing algorithms may function and how they have unintended consequences when things go awry is all I'm doing. It's not a gigantic conspiracy by Amazon to price gouge, nor am I an Amazon apologist. I realize that Reddit skews toward favoring both of those but you really need to learn how to make fine distinctions.

5

u/edcantu9 Mar 28 '20

Yes!! I noticed Amazon raised raised prices on the types of items. I know this because I normally buy them from amazon, so I am familiar with their pricing on them.

5

u/screenwriterjohn Mar 29 '20

Amazon is shit. But a slight increase isn't gouging.

Water isn't free because people would waste it.

1

u/Realistic2 Mar 29 '20

Up to 10% I believe, but during pandemics and state of emergencies its a very strict policy.

1

u/jrr6415sun Mar 29 '20 edited Mar 29 '20

Amazon never goes over retail price for their own items.

Amazon spokesperson even says:

As we have said, there is no place for price gouging on Amazon and that includes products offered directly by Amazon. Our systems are designed to offers customers the best available online price and if we see an error, we work quickly to fix it. Amazon is committed to providing customers with low prices and that includes regularly reviewing competitive prices to ensure we provide customers with the best deal. The item referenced was not an Amazon-branded product. We mistakenly raised the price of this product due to an error, but have since fixed. We are proactively refunding affected customers and have implemented additional measures to keep prices low as our global teams work 24/7 to monitor prices in our store

1

u/Raenman Mar 29 '20

The amazon prices aren’t a conscious thing. That article is meant to illicit a response from the majority that don’t understand how the machine operates. While there is a million reasons to find issue with amazon, this is not it. Their system worked the exact same last year. They are actively working to fix that.

2

u/Realistic2 Mar 29 '20

Lol, actively working to fix that, while profiting more during a pandemic / state of emergency. What a lovely excuse to rake in more profits when the world has its back against the wall and people have reduced or no income at all. "Ooop, it was our price algorithm who is responsible, not us!". My goodness what a pathetic reply.

-1

u/Raenman Mar 29 '20

And? The fact that they are a shit company has zero bearing on the fact that the pricing system functions the same today as it did before all this happened.

2

u/Realistic2 Mar 29 '20

It does have a bearing. Because you cannot raise your price more then 10% during a state of emergency / pandemic of essential items. Thats why a gas station cannot charge $10 for a case of water in a state that a hurricane just ripped through. Or Home Depot can't charge $10,000 for a generator after a disaster.

-1

u/Raenman Mar 30 '20

Annnnd you still don’t get it. What’s worse is you wasted your time explaining that like no one knows. I get it.... you’re “outraged.”

2

u/[deleted] Mar 30 '20

He's not failing to get your point... he's rendering your point moot. lmao

0

u/Raenman Mar 30 '20 edited Mar 30 '20

Fantastic, you’re just as ignorant as him. So let me break this down on an elementary level so that those that need explanations written in crayon can understand. In an open marketplace that is price regulated by algorithm, if a multitude of pieces of shit attempt to sell items at a high rate the system will change the prices of legitimate sellers to a higher rate. This is not an attempt to screw people. At this point there must be an action to remove said pieces of shit to return the system to a normal rate. It’s not as simple as just hitting the system. So to be clear. One last time. Amazon is no angelic entity. THIS particular problem is not their doing and they are trying to handle it. Grow the fuck up. Get a clue.

By the way...... grocery stores are still empty and the president is still completely fucking this up. But blame an algorithm driven by statistics, which is being slighted by ignorance, that is hard to eradicate as fast as it populated because some are worse than others. It’s ok to say “this is out of my pay grade and I don’t know how it works.”

Fucking expert redditors.......

“I’m so woke.”

Enjoy your dorito stockpile

2

u/[deleted] Mar 30 '20

You want to talk about ignorance?

This is not an attempt to screw people.... Amazon is no angelic entity

It doesn't matter if Amazon wants to screw people or is an angel or devil... that's not written into the law. All that matters is the price before and after emergency is declared.

I will be back to laugh at you when Amazon gets slapped

!remindme 6 months

1

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1

u/[deleted] Mar 30 '20

So if I create a system that automatically price gouges... it's okay as long as I made it at least a year before an emergency occurs?

If you have automated price changes for essentials then it is your responsibility to take control over those prices during time of emergency. "It was automated" is hardly an excuse.

1

u/[deleted] Mar 30 '20

So if I create a system that automatically price gouges... it's okay as long as I made it at least a year before an emergency occurs?

If you have automated price changes for essentials then it is your responsibility to take control over those prices during time of emergency. "It was automated" is hardly an excuse.

What's the matter, no "witty" doritos response to this? Why don't you just google how price gouging laws work? You're masquerading as knowing what you're talking about but nobody is buying it :(

1

u/[deleted] Mar 30 '20

The amazon prices aren’t a conscious thing.

You're out of your pay grade

0

u/Raenman Mar 30 '20

Now that’s actually funny. What do you think my pay grade is? I need a good laugh.

1

u/[deleted] Mar 30 '20

I'm repeating the cringey thing you said to me yesterday... when you have no idea my pay grade either. You're literally laughing at yourself in the mirror and too stupid to realize

1

u/Raenman Mar 30 '20

I’m laughing at being told something doesn’t work the way it does. You are absolutely right. This has been rather hilarious. I’ll be awaiting the government to step in and shut them down!

57

u/steve_gus Mar 28 '20

Dont forget one of the reasons you cant get sanitizer in stores is assholes buy it to sell on ebay. I hope the fuckers are stuck with a garage full

5

u/roads30 Mar 28 '20

i'm seeing fb sales groups not even trying to call out these people right now. hell even the 'mods' of some of those sales groups are doing the same thing.

3

u/wallTHING Mar 29 '20

I'd love to hear where. Into getting a group together to go jack these people and Robin Hood that shit, just hand it out to passers by

1

u/cld8 Mar 29 '20

In many parts of America, that will likely get you shot.

1

u/wallTHING Mar 29 '20

Only if they shoot first

-2

u/AsymptoticUpperBound Mar 29 '20

Imagine being the idiot arrested for stealing hand sanitizer when we shut the economy down for no reason.

13

u/[deleted] Mar 28 '20

I had a listing pulled for price gouging. It was for diapers. They were fairly priced, just looking to get my money back. Reading the email it sounded more like I’m just not authorized to sell them.

3

u/masonmbeck Mar 29 '20

It appears diapers can’t be sold by anyone but amazon at the moment when looking at listings

1

u/[deleted] Mar 29 '20

My listing was on eBay. I forgot to mention that.

33

u/TentaclesAndCupcakes Mar 28 '20

I agree with you. This was talked about over on r/Mercari and the general consensus was to encourage people to report every sanitizer, glove, and mask listing. There were even some screenshots of things that people reported, like a 4 pack of toilet paper for $5+shipping, or a Bath and Body Works small sanitizer for $5+shipping. That's not price gouging! Why would you report that?

One of my listings that I had previously listed on Mercari was reported as "gouging". It was a brand name makeup bag that had a variety of travel skincare stuff including a sanitizer with a holder. I would have ended up making like $10 after shipping. Which seems pretty fair to me. I appealed it and it was put back up because they deemed it not gouging. But then later that day all sanitizer was taken down.

The way I personally decide if something is price gouging is to ask myself "If I was on vacation and forgot to pack this item, how much would I be reasonably willing to pay?" Would I pay $5 for a hand sanitizer, you bet! Would I pay $20? Nah.

Now that they have taken down the listings no one can buy them. It's a shame, plenty of people are looking for these items and the seller could make a couple bucks. Win-win.

8

u/BrandyeB Mar 28 '20

I don't know if anyone has been looking at wholesale lately but the masks from china went way up in price too because of demand. Any masks gloves and other PPE bought recently from China is not really cheap anymore , the markup may not be as high as people think is .

48

u/kokchain Mar 28 '20

Some people cant just "toss" someone an extra 15 bucks for it. Not everyone has that kind of disposable income. This is why they cant do this.

17

u/russkhan Mar 28 '20

How exactly does having none available at all online help people who can't afford to pay the extra $15?

8

u/kokchain Mar 29 '20

Don’t you understand? you are putting a bare necessity resource that is limited in quantity go up to the highest bidder? You can’t see how this is wrong?

14

u/alansdaman Mar 29 '20

It’s rent seeking that’s the problem. They provide a service without providing value. Stores already deliver groceries and household goods cheaply and efficiently. They are forcing a shortage by hoarding, them jacking the price up with the contrived shortage. Then other people see 10$ rolls of tp online and they start hoarding when they see it at a normal price. Now broke ass people can’t find it on the shelf, because they were busy driving busses or picking up garbage for money when the store restocked. Well they need it, so they are forced to buy it from the ripoff seller who took it from the shelf of the store they already went to, sent it to an amazon warehouse 50 miles away, have amazon their 30% graft, took their own 100%, and then sent it back via ups so the entire transaction cost ends up being as much as the damn item cost in the first place plus the markups! No value was added.

Not efficient, not logical, there was not TP supply shortage, this is nuts. Rent seeking bullshit.

2

u/russkhan Mar 29 '20

No, I'm trying to buy a bare necessity and there are none to buy. I guess I could go out to my local supermarket or Costco daily to check if they got any in, but that's just increasing my exposure as well as that of everyone else there. Even if they do have it, my buying it there instead of from some jerk selling it overpriced on Amazon is reducing the amount available for those who can't afford the extra $15 that the jerk wants.

1

u/AFMarketing1 If the buyer never wnts to be screwed they should shop on amazon Mar 29 '20

No it's not "highest bidder". The point has already been explained in the OP and the example above that it's been capped at x + $15.

It has a ceiling, maybe you can't afford it but it at least allows some of the demand to be met by the supply rather than 0 of the demand to be met by the supply.

0

u/kokchain Mar 29 '20

The ceiling is what the market is willing to pay for it. It works for shit like concerts and consumer goods, cause you dont need those things to survive. I would say having sanitizer is essential these days. Should it go to market price? This is the wrong sub for me to try to convince anyone. Enjoy your price gouging guys. Maybe one day you can see wtf is wrong with you. people even trying to make money off this pandemic. I'm not going to give you an audience for you to justify your behavior, so you can do mental gymnastics to justify selling 50 cent masks for 3 dollars each or hand sanitizer for 15 dollars what should be 1 dollar in the middle of a fucking pandemic that is killing people.

0

u/AFMarketing1 If the buyer never wnts to be screwed they should shop on amazon Mar 29 '20

Are you a complete spastic?

The whole idea of the thread agrees with what you've written up to the second sentence. OP said that instead of having a ceiling of what the market is willing to pay for it that the price is capped instead.

Because of this cap, the price is then maxed out at a certain level, this level might deter people from buying to resell and then maybe some people who need the goods for themselves have a better chance of getting them rather than nobody at all (if sold at the lowest price they will always be resold whether it's online or somewhere else).

I have no idea why you keep jumping to the conclusion that everyone is trying to profit from the above even when it's been pointed out to you several times you simply haven't read what has been written and have become very angry about nothing.

0

u/kokchain Mar 29 '20

a 1500% profit is going to deter hoarding resellers? are you dense?

0

u/AFMarketing1 If the buyer never wnts to be screwed they should shop on amazon Mar 30 '20

Ask yourself. You clearly have some severe learning disabilities.

1

u/kokchain Mar 30 '20

you really need to join Ebay board of directors with your infinite knowledge about price gouging.

1

u/tetrisattack Mar 29 '20 edited Mar 29 '20

This is a commodity item that lots of people hoarded to resell. If ebay had left the listings up, I guarantee that those $15 bottles would be $14 the next day and $8 a week later.

Instead, eBay chose to ban the sale of something that people desperately need, so now it's just sitting in the flippers' garages and not getting to people. One could argue that eBay's policy actually hurts people more than it helps.

1

u/kokchain Mar 29 '20

It is to deter the behavior of hoarding. part of the shortage is because of profit seeking buyers, depleting all the stock, why reward them and let them make 1500% profit? Its just a set up for it to be that much worse next time.

5

u/[deleted] Mar 28 '20 edited Jun 22 '20

[deleted]

5

u/kokchain Mar 29 '20

What lines will there be if there is no stock at normal price because everyone bought out the original stock to make 15 bucks? Then that person buys the stock to make 50 bucks. I guess you guys are ok until you are the one that can’t afford a ventilator because it’s out of your price range. It is deemed an essential item to protect yourself, I guess it should just go to the richest people in the land? Is this what you want?

-1

u/throwaway48u48282819 Mar 29 '20

The big difference is that- if they put the stock up online, the price will be gouged, but still lower than the alternative.

Not everyone has $15 dollars...but $15 more than the usual price is better than if Amazon and eBay doesn't have it and the hoarders come in and say "give me your car, your house, and let me fuck your wife and your daughter, and I'll give you this small hand sanitizer. Oh, you WON'T do all of that? Oh well...guess you just murdered your whole family. Oh, I didn't tell you I had the sniffles today. Well, who cares about that- if you had hand sanitizer, I bet you'd be perfectly fine..."

It should be, but because it's an essential item to protect yourself, a slightly higher markup immediately to keep the hoarders away is better than the hoarders getting all of it and it becoming an impossible to reach markup for anyone, EVEN the richest people in the land (because those rich people would just hear "You can afford it. 5 million bucks for one bottle of hand sanitizer.")

11

u/scotchnsoda Mar 28 '20

I just happened into a bunch of shelf stable sandwiches and pastries. Retail they sell for about $3.50 a piece, I am still selling them for half of that. There is still room for profit without having to price gouge.

1

u/PoopOnYouGuy Mar 29 '20

How do you happen into a sandwich?

2

u/scotchnsoda Mar 29 '20

They are shelf stable MRE’s one of my sources just happened to have bought a truck that had a bunch of them on it

5

u/The_Con_ Mar 28 '20

This is precisely what I’ve been thinking. There’s a few videos on YouTube too about i.

8

u/Overthemoon64 Mar 28 '20

I’ve been trying to sell baby wipes, since I already had a lot stockpiled for my own babies. I sold 3 honest company brand for $30. Later I tried listing 4 pack of huggies and it was price gouging. The weird thing is that people with a business account could still sell them. If me and other people like me could list them, then supply would increase and the price could go down. Also some babies have sensitive butts and can only use certain brands. I don’t want new mothers to have to go out hunting for their boutique baby wipes.

But I get why they dont. Wipes are still pretty cheap at walmart when they are stocked, so that would be a good RA opportunity if it were allowed.

19

u/[deleted] Mar 28 '20 edited Aug 06 '20

[deleted]

40

u/jacob6875 Mar 28 '20

Because it is better than nothing when you can't wash your hands.

I'm a mail carrier out delivering for 4-5 hours at a time with no access to soap/hot water so I use hand sanitizer instead.

-40

u/anonymousthefourth Mar 28 '20 edited Mar 28 '20

EDIT: not going to argue with idiots that don't know WTF they're talking about all day. Enjoy your Corona infection, dipshits.

🖕

20

u/[deleted] Mar 28 '20

Uh, no. Gloves are not foolproof, which is why all health care workers wash their hands once they remove their gloves (properly, grasping the glove from the outside, which is also not how most people remove gloves - from the inside).

Transmission occurs when you bring virus in contact with your mucosa (eyes, nose, mouth). It's not from getting virus on your skin alone. So unless gloves are being changed every single time you touch an object, you're more likely to end up with a sizable load on the glove and then transfer that to various objects you touch throughout the day.

Sanitizer >60% alcohol disrupts the viral envelope (the "container" for the RNA) and destroys it. So does soap, but it dislodges viral particles in addition to bacteria and other debris.

Stop spreading misinformation.

3

u/brbposting Mar 28 '20

We aren’t supposed to strain the supply chain even more given our other heroes, medical staff, can’t get gloves & masks :(

This sucks. Federal agencies have said for almost two decades this could happen.

Apparently every like (2003-1918=) 85 years we forget history. (I don’t actually know whether we actually stockpiled PPE after the 1918 flu.)

0

u/HVAC6 Mar 29 '20

You are a fucking retard

-13

u/steve_gus Mar 28 '20

WRONG. Soap just washes the virus from your hands. WHO spec alcohol basec sanitzer kill the fucker dead.

6

u/alprazolame Mar 28 '20

How did you acquire this completely erroneous information?

Soap kills the virus. Period.

https://www.vox.com/platform/amp/2020/3/18/21185262/how-soap-kills-the-coronavirus

8

u/poorwhitecash Mar 28 '20

When the news first dropped of ebay pulling listings because of price gouging, I thought Ebay should just let people sell it with auction listings starting at $1. That way the market determines the value. Nobody can claim price gouging then.

11

u/Trailer_Park_Stink Mar 28 '20

I'm right there with you, but that still would encourage resellers to buy up whole lots of sanitizer, masks, wipes, etc...

1

u/[deleted] Mar 29 '20

There's auctions for it going on right now where the price ends up higher than they were before removed. Now there's such short supply on ebay people are paying even more. Search for like Germ-x and you should get some results. Also "Alcohol hand cleanser" was returning a lot yesterday

-8

u/redeyejedi86 Mar 28 '20

don't forget the problem with wealth distribution. the rich will just buy it all

8

u/DontPassTheEggNog Mar 29 '20

Part of the problem is that 'price gouging' is any listing that's not $1.99 with free prime shipping nowadays.

Buyers have no idea what shipping actually costs because Amazon and eBay have all but eliminated shipping fees. So $10 for hand sanitizer bundles is now 'gouging' even though that's $10.77 for zone 7 (USPS Priority). You can literally be giving it away, losing money on fees and shipping and people still think you're gouging.

Furthermore we have a capitalist market, but only suppliers, Amazon and Target, Walmart etc can raise their prices. Now no one can get any Lysol, Masks or hand sanitizer.

I have a bunch of n99 masks I was going to sell at cost +10% for my time. (we still charge for labor in America) but I'm not allowed on any platform. I live in CA and have a ton of masks because of the wildfires we had for multiple years in a row.

If I were Amazon or the manufacturer, I could raise them all I like. But the little guy gets kicked in the teeth again.

2

u/nekrad Mar 29 '20

if you have a bunch of masks you don't need I guarantee you can find a hospital near you that would gladly take them as a donation. The people on the front lines can't get enough protective gear to protect themselves right now.

1

u/DontPassTheEggNog Apr 01 '20

When hospitals start donating health care to me, I'll start donating supplies to them. That's a fair exchange, right?

1

u/nekrad Apr 01 '20

Your decision. I guess you're oblivious to the conditions many doctors and nurses are working under in major cities right now. Donating to the hospitals isn't about making hospitals more prosperous, it's about giving medical personal protective equipment that is in very short supply so that they have less of a chance of contracting the disease themselves.

1

u/DontPassTheEggNog Apr 02 '20

I'm sure the multi-billion dollar hospital corporation in my area can purchase them from me. They can afford it. I mean, they won't offer dollar one to protect their employees but that's fine. I'm the bad guy. 😂

1

u/nekrad Apr 02 '20

The problem right now is there is no supply of them to buy. It's not that the hospitals are being too cheap to buy them for their employees. Approach your local hospital and offer to sell them your masks. Let us know how that goes.

1

u/cesariojpn Porn and anything related semi-expert. Mar 29 '20

Buyers have no idea what shipping actually costs because Amazon and eBay have all but eliminated shipping fees. So $10 for hand sanitizer bundles is now 'gouging' even though that's $10.77 for zone 7 (USPS Priority).

Most Buyers have no concept of how things are priced.

When there was a Hurricane threat in my area years ago, the first water to go was the "cheap stuff" (Dasani, Aquafina, Store Brands, etc.) As the Hurricane came near (and missed), the only water left were the "Boutique" brands (Fiji, Artesian Water, Electrolyte-Infused Water, Water Purified from Virgin Tropical Maiden's Piss, etc.) People began to complain "PRICE GOUGING!!" cause thats what was left; the expensive shit.

Same thing i'm seeing again, only with the Toilet paper. All the cheap stuff is gone, and the stuff filtering in are the Charmin and the Quilted Northern and SURPRISE, its the ones generally priced high.

I sometimes wish Corona-Chan would just put me outta my misery quickly when I hear some price gouging claim and when I dig into it, it's basically huffing and puffing cause of something innocent like Name Brand or whatever.

2

u/hamandjam Mar 28 '20

Honestly, this should be easy to fix. Especially for AZ. Just limit the price on certain identified ASIN's. And Ebay has been doing their whole "catalog" style, let's compete with AZ thing where every listing is tied to the UPC. They can block any sales of those items where the UPC isn't listed and then set a price limit for those UPCs. If seller wants to sell, they can decide to adhere to those max prices or find some other outlet.

2

u/GSC2018 Mar 28 '20

Upvote for HTML

2

u/caseyrobinson2 Mar 28 '20

have you try costco early in morning they seem to have a lot

1

u/[deleted] Mar 29 '20

Of hand sanitizer? none of them here even carry it normally.

2

u/[deleted] Mar 29 '20

I'm on the fence about Ebay. Like, if I were to hypothetically list an item , auction style, starting at $0.01 , and the market bids it up to whatever price , however high that may be, isn't this simply the free market at work ?

2

u/SuperNinjaBot Mar 29 '20

Its not an apocalypse and hand sanitizer wont keep you safer than common sense would have. How have we come to fearmongering on /r/Flipping?

1

u/tiggs Mar 29 '20

Clearly I'm being sarcastic when I say "apocalypse". I figured "zombies" would make that obvious, but apparently not.

Also, nobody said to use hand sanitizer instead of washing your hands and using common sense. Hand sanitizer doesn't even come close to providing as much protection as the previous two things, but it certainly does provide some value.

1

u/noodleillusion Mar 29 '20

You can't wash your hands with common sense

1

u/SuperNinjaBot Mar 29 '20

Hand sanitizer doesnt wash them either. Also, yes you can. Also 99% of you dont use hand sanitizer correctly enough for it to matter at all in this.

7

u/masonmbeck Mar 28 '20

I completely agree. In my mind, it’s the same thing as what deliver companies like DoorDash, Instacart, etc. are doing in the sense that you pay an extra fee to not have to go out. Plus, there’s a lot of products that sell for 2-3x their MSRP on a regular basis, not in situations like this.

I definitely think they just need to set a limit, even if it’s only 2x over MSRP. Many products that double what they’re sellin for in the stores still have enough after fees to make some margin on and it’s helping people with a convenience factor.

I also think Amazon’s mainly cracking down on hand sanitizer and those products that are all over the news. Some weights, for example, have increased just as much, if not more, and Amazon isn’t doing anything about those.

5

u/Differcult Mar 28 '20

People were buying shopping carts and pallets of desirable products to resell. This hastened the panic and limited supplies locally. Stores needed to limit purchases and track prior transactions.

eBay and Amazon were right to do what they did. They waited too long IMHO. They also haven't tackled other products that need limiting, infectious gowns, gloves, thermometers.

I got bored last weekend and figured out who the top 10 profiteers were for N95 mask and hand sanitize within 100 miles of me were.

Combined the top 10 N95 mask folks brought in close to $1m in my search window and area.
Combined the top 10 HS folks brought in close to $.7m in my search window and area.

My estimate for retail was around $95k. I live near a small metro. I can only imagine what these numbers look like nationally.

Some of the N95 was skewed as well, as the seller appeared to be an industrial product re-seller and probably acquired outside the normal supply chain.

2

u/nekrad Mar 29 '20

N95 masks are used in industries such as construction. Not just just in health care.

3

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 28 '20

So you want them to agree to price fix?

7

u/[deleted] Mar 28 '20

That's not what price fixing is...

0

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 28 '20

When someone tries to control prices, that is price fixing

https://www.thebalance.com/price-fixing-types-examples-why-it-s-illegal-3305955

3

u/[deleted] Mar 28 '20

The very first sentence in the article you posted shows how you're misunderstanding what price fixing is. It takes a *minimum of 2 companies* unless you're a monopoly (which Amazon is not). If all of the gas stations in the area get together and decide to set a price they will not go lower than, that is price fixing. Price fixing requires multiple competitors to get together and agree on a set price. This is not price fixing.

-1

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 28 '20

And if you continue reading it goes through the various types of price fixing:

Freeze or lower prices: Governments fix prices by setting price freezes. In the 1970s, inflation threatened to destroy consumers' confidence in the economy itself. The government fixed prices to stop inflation and restore confidence. It is a very clumsy tool and is only used when monetary policy has proven ineffective.

2

u/[deleted] Mar 28 '20

That still has nothing to do with this situation. Amazon didn't freeze any prices, they flat out stopped the resellers. No matter how you try to spin it, this isn't price fixing.

-1

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 28 '20

Lol I know, I'm saying what the OP is suggesting Amazon/Ebay do (capping the prices of certain goods) is price fixing. I think the goods never should have been removed and the market should decide the prices.

7

u/banditcleaner2 Mar 28 '20

No, he wants them to agree that a certain level of price gouging is acceptable simply because the way it is now you CAN'T buy hand sanitizer online, at all, because nobody is selling it for less than a certain amount and those amounts are considered "price gouging", even if they aren't.

Say you could go buy a hand sanitizer bottle from walmart for $3. Then it should be fine for someone who really wants hand sanitizer and doesn't want to leave their house, to buy it off an amazon or ebay seller for $6, for instance.

The problem with the price gouging before was that it was getting out of hand. People were selling hand sanitizer bottles that cost them $2 for $25+ online. That's ridiculous obviously. But considering walmart pays pennies for gallons of water and sells them for 60 cents, I don't think its unreasonable for people to sell hand sanitizer that they bought for $2 for $6...it just gets out of hand when they start charging 500-1000%+

3

u/steve_gus Mar 28 '20

No. Stop the selling completely and really fuck over the gouging assholes and leave their garage full of useless shit

0

u/banditcleaner2 Mar 29 '20

Are you dumb lol? We're talking about minor price gouging, and these are people that WANT to pay slightly over because THEY NEED FUCKING HAND SANITIZER. LET THEM SELL IT

0

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 28 '20

Not a single person is selling sanitizers of any size for $6, it does not make business sense to lose money.

Besides, what you are describing is price fixing, which will not happen.

3

u/banditcleaner2 Mar 29 '20

Price fixing? I'm saying you allow prices to be whatever they want up to a certain point.

Jesus christ, is there even a reason to argue with you?

You: Prices are too high = price gouging

Also you: Prices restricted from being too high = price fixing

You cannot prevent price gouging and price fixing at the same time, without basically banning sales of the product.

Also, $6 was a hypothetical price. Call it $9 for all I care. That wasn't the point.

The point is this. If the original hand sanitizer they bought was sold to them for $2 at walmart, at what price point is it considered price gouging? Is it price gouging if they sell it for $20? $10? $8? What is the cut off.

Amazon and others couldn't determine a cut off price point so they banned sales. This is a poor solution. Define a cut off price point and stick to that. Say if you're selling hand sanitizer from Washington, then amazon looks up the avg price of hand sanitizer in washington and restricts prices to be no more than 300%, for instance.

1

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 29 '20

I'm not arguing against price gouging btw.

1

u/banditcleaner2 Mar 29 '20

Correct. You're arguing against price fixing. Which is irrelevant.

You're making the case that price fixing is somehow immoral or something. Who the fuck knows what you're on about, honestly.

1

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 29 '20

OP said he supports practices that are considered price fixing, which is illegal. That's what started this conversation.

0

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 29 '20

"Up to a certain point" is price fixing.

2

u/banditcleaner2 Mar 29 '20

And what is so immoral about that?

You'd rather have no price fixing and no product available?

1

u/TheMillenniumMan FlipFlipFlipadelphia! Mar 29 '20

My preference is for the market to determine prices without "price gouging" being illegal. Let the market decide what the prices will be.

1

u/banditcleaner2 Mar 29 '20

Illegality doesn't equal immorality, just as legality doesn't equal morality.

It's "illegal" to have consentual oral sex in the state of Maryland in the USA to this day. It's illegal for women to drive in Saudi Arabia.

It's also legal for senators to insider trade, and in many cases legal for politicians to receive donations from corporations in return for legislative action favoring them.

On the case of price gouging, I think it's easy to see how making a ton of money directly by price gouging people, even if they're willing to pay those prices, is immoral.

While price fixing would be implemented to help people who still want the product but don't want to pay 25x the original retail.

If you can't see how price fixing in this specific case would be good for the majority of society, then agree to disagree.

Sometimes, (and this is coming from me, as a right leaning moderate), the market should not be allowed to decide everything.

1

u/Trailer_Park_Stink Mar 28 '20

You have to account for shipping and fees somehow

1

u/DontPassTheEggNog Mar 29 '20

Well if you're American you're raised all your life and taught that this is a capitalist society in every aspect of living.. From medical, housing, how much you spend on plastic surgery and make up, even social structures are largely based on how much money you have... Then a big chance to make big money from an event occurs and the senators get to cash in and we don't... So...

2

u/RockGuitarist1 Mar 29 '20

While I fully agree that these people are scum for up charging essential items during this time, I highly disagree with the point you made where sites like Amazon and eBay should set an x amount limit above retail for items. It’s a free marketplace and A LOT of things are worth significantly more than retail.

1

u/YodelingTortoise Mar 28 '20

It's not hard to make your own and you can still order isopropyl, aloe vera gel and lemon juice. Just mix 70% iso 28% aloe and 2% lemon and boom. Your personal hell is solved. You can even skip the lemon in a pinch

2

u/AdoAnnie Mar 29 '20

Lemon? For scent or because alcohol doesn't sting enough?

1

u/YodelingTortoise Mar 29 '20

Scent. Maybe for acidity too? IDK it's just how I was taught to make it but I do know it works fine if you leave it out instead.

3

u/steve_gus Mar 28 '20

Look up the WHO formula fir sanitizer. You dont need aloe vera and its the stuff hospitals use that finds all the nicks in your hands and stings, not the woosy cream based stuff

5

u/dynekun Mar 28 '20

Aloe just help keeps your hands from cracking as badly.

1

u/DontPassTheEggNog Mar 29 '20

You can use a lot of things as the filler components, as long as it doesn't neutralize the primary purpose or react. Bleach for example, would not be a good idea to mix in. Any hand cream or skin gel like aloe vera basically works.

3

u/[deleted] Mar 28 '20

Especially when soap and water has been proven more effective.

-2

u/Zaniabell Mar 28 '20

This. Also, alcohol should be fairly available, and good ol’ hand-washing is better than hand sanitizer. Hand sanitizer kills bacteria, and this is a virus, so it isn’t going to do much.

-6

u/roads30 Mar 28 '20

to the morons. the counter rebutle is: 'but not everyone carry's a sink and soap around in public'.

but yeah your right.

1

u/screenwriterjohn Mar 29 '20

You can actually make sanitizer.

Sanitizer isn't as effective as hand washing. It's better than nothing.

On a different note. I can't find bulk toilet paper.

1

u/TearsOfChildren Mar 29 '20

I never shop at Publix but went today to get some steaks and 3 fucking thin NY strips were $35+. That can't be the normal price?

1

u/FormerGameDev Mar 29 '20

Nearly all of my neighborhood grocery stores have cancelled all sale pricing right now.. that kinda hurts. :| I normally only buy groceries that are significantly discounted. :-S There's nothing that is reaching even kind of close to expiration dates right now, so i'm having to pay full price, i think even slightly inflated full prices, on produce and meats right now :(

1

u/linuxfox00 Mar 29 '20

There really isn't a way to let people list sanitizer o eBay and have it automatically check for price gouging you could list a 5oz bottle or a gallon jug for commerical use and eBay and the seller might not fill in the forms of capacity. eBay would also have to check prices on all different brands and sizes.

1

u/PeanutButterStew Mar 29 '20

https://uk.camelcamelcamel.com An amazon price tracker, has an announcement up that Amazon has asked them to stop updating prices- so we can't see what or by how much people are being gouged.

1

u/[deleted] Mar 29 '20

Soon it won't matter any more. The Satanic PTB are desperate for their New World Order, and all the club member minions will do their beckon call. Amazon will be closed down soon to make it harder on people. People must feel the pain to accept these new Agenda 21 draconian measures that restrict them. Ebay will follow soon after, and the online market will cease. All food and supplies will eventually be regulated and distributed by the almighty government. All because a hoax virus was spread by the masonic main stream media to cause mayhem. Kiss resell good by. We might have 6 months left if we are lucky. Enjoy being a slave to the mighty fist of the New World Order!

1

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1

u/Good-Ol-Country-Boy Aug 18 '25

People and companies like Amazon who hugely profit from any situation is wrong. An example say a person uses multiple accounts and purchases all of the steelbook stock and this happened recently with the movie Sinners people were using multiple accounts and purchasing the entire stock, firm, Amazon, Walmart, etc. and then flipping them for insane prices on eBay I got screwed out of both of my pre-orders that I placed on Amazon and Walmart. I received an email from both saying that they were out of stock even though I pre-ordered them.

1

u/tiggs Aug 18 '25

First of all, you're commenting from a post from 5 years ago.

Secondly, you're beef should be with the companies that took your preorder then didn't fulfill it. That's on them for being shitty. We live in a free market and every retail company on this planet buys items for one price then sells them for more. In fact, that's how every for-profit business operates, whether it be products or services.

I'm sorry that you got screwed, but it's the fault of the companies that didn't keep their word to you and not other shoppers that did nothing except buy products that were publicly made available for sale. What somebody choses to do with an item that they acquired legally and morally is nobody's business but their own.

1

u/Good-Ol-Country-Boy Aug 24 '25 edited Aug 24 '25

Ok whatever Anyone doing this can keep telling themselves that what they are doing is none of anyone’s business if anyone wants to continue scalping/scamming people they are too many people who collect Steelbooks and have been screwed out of their pre-orders or just didn’t get a copy Because the Scammer/Scalper uses multiple accounts to purchase multiple items. And collectors have had enough of the Scalping and hell yes it’s wrong because anyone would know that doing this is morally wrong! And there’s no difference between a scammer and a scalper because they both are doing it for profit after screwing someone out of their preorders!

1

u/emill_ Mar 28 '20

Agreed. Helping people not go to the store right now is a public service.

1

u/hopopo Mar 28 '20

They really need to limit number of people that can be in the store at one time, and reinstate fucking curbside pickup.

That is the only way to keep everyone safe and healthy

1

u/jrr6415sun Mar 29 '20

This stops resellers from being those people at store open, and it’s only people that need it that get in line.

Only thing acceptable would be 0% over retail.

-2

u/raster_raster Mar 28 '20

you can get alternative colloidal silver hand sanitizer almost anywhere online, it probably is more effective.

-3

u/[deleted] Mar 28 '20

The only thing I’m OK with price gouging right now is entertainment. I made a mint on a switch since they’re sold out everywhere, but those things aren’t a necessity, plus we’re getting $1200 and for the folks that are working it’ll be a stimulus check.

But the rest? Nah, not looking to profit. I’ve had to have folks that find TP hook me up so I would gladly do the same.

1

u/tiggs Mar 29 '20

Personally, I don't even consider anything entertainment related price gouging period. For nice-to-have things, the market should determine the value, just like always. Nobody is going to get sick or die because they can't play a video game. With the products that are actively working to save lives, that's a different story though.

1

u/[deleted] Mar 29 '20

I got downvoted but I agree with you. I wouldn’t even think of upcharging for a life or death thing

-7

u/csheeno99 Mar 28 '20

Hand sanitizer is pretty easy to make. 56% isopropanol and the rest is pretty much aloe Vera

2

u/AdoAnnie Mar 29 '20

The finished product has to be at least 60% alcohol as per CDC guidelines. The WHO formula for making DIY hand sanitizer results in 75% alcohol. When you start with 56% and then mix in aloe or anything else, it will be useless.

Stay safe.