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Ireland Amazon warns sellers against price gouging face masks amid coronavirus concerns

00:35  26 february  2020
00:35  26 february  2020 Source:   msn.com

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As mask inventory wanes, sold-out Amazon sellers are warning shoppers against buying counterfeit products in disclaimers on their product pages. Sold-out Amazon sellers warn shoppers about counterfeit face masks as demand soars amid coronavirus fears.

Take Coronavirus , Add a Trade War and Raise Taxes. China Inc. Virus Cure Will Worsen Its CVS is sold out. So are Lowe’s and Staples and everywhere else I’ve checked — even Amazon . If instead you don’t allow the price to rise — because of your concern about “ price gouging ” — the quantity This intuitively appealing distributional argument helps explain why anti - price - gouging statutes are

a woman sitting on a bench talking on a cell phone © Photo by Emanuele Cremaschi/Getty Images

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.

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Amazon is reportedly concerned it may not have enough inventory for Prime Day. The online retail giant is said to be communicating with third-party sellers to determine whether the coronavirus will Just last week, Apple warned that a global iPhone shortage could occur due to the coronavirus after

CVS is sold out. So are Lowe’s and Staples and everywhere else I’ve checked — even Amazon . If instead you don’t allow the price to rise — because of your concern about “ price gouging ” — the This intuitively appealing distributional argument helps explain why anti - price - gouging statutes are

A couple wearing face masks is seen in the subway in Duomo underground station in Milan, as the country is hit by the coronavirus outbreak, Italy February 25, 2020. REUTERS/Yara Nardi © Thomson Reuters A couple wearing face masks is seen in the subway in Duomo underground station in Milan, as the country is hit by the coronavirus outbreak, Italy February 25, 2020. REUTERS/Yara Nardi Wired reports that prices for some of the most popular options for medical face masks have tripled and, in some cases, even quadrupled. The No. 1 bestseller listing for the category, a pack of 100 face masks sold by a company called Kidirt, is listed at $14.99 with $4.99 shipping, as it does not appear to qualify for Prime. Wired says that’s four times what the product cost a few weeks ago, citing data from Amazon price tracker Keepa. 

Passengers wearing masks to prevent contacting the coronavirus walk outside Seoul Railway Station in Seoul, South Korea, February 25, 2020.   REUTERS/Kim Hong-Ji © Thomson Reuters Passengers wearing masks to prevent contacting the coronavirus walk outside Seoul Railway Station in Seoul, South Korea, February 25, 2020. REUTERS/Kim Hong-Ji More expensive and effective face masks, like N95 respirator masks, are also getting price gouged, Wired reports. Products by 3M, one of the most popular manufacturers of such masks, and Honeywell are seeing quadrupling prices, from around $15 to more than $60 for packs of 20.

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The government is warning sellers of surgical masks that they will face fines if they are found hoarding supplies or inflating prices . The warning comes amid as concern about a coronavirus outbreak centered in China creates a surge in demand for surgical masks in Taiwan.

Drone captures massive queue for masks in Daegu, South Korea, one of the epicentres of the coronavirus outbreak in the country. The Emart supermarket in the Chilseong district of the city is offering discounted masks for Daegu residents.

Iranian women wear protective masks to prevent contracting a coronavirus, as they walk in the street in Tehran, Iran February 25, 2020. WANA (West Asia News Agency)/Nazanin Tabatabaee via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. © Thomson Reuters Iranian women wear protective masks to prevent contracting a coronavirus, as they walk in the street in Tehran, Iran February 25, 2020. WANA (West Asia News Agency)/Nazanin Tabatabaee via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. Wired says both 3M and Honeywell are not involved in any way, but neither can the companies control the pricing set by third-party sellers that may buy the masks wholesale and resell them on Amazon.

Amazon, however, can do something about the prices. The company has warned some sellers, it seems, but it has yet to hand out platform bans. Amazon did not immediately respond to a request for comment.

Students of Ariake-nishi Gakuen School wear protective face masks, following the outbreak of the coronavirus, as they attend an event Six Months to go until Tokyo 2020 Paralympic Games in Tokyo, Japan, February 25, 2020. REUTERS/Athit Perawongmetha © Thomson Reuters Students of Ariake-nishi Gakuen School wear protective face masks, following the outbreak of the coronavirus, as they attend an event Six Months to go until Tokyo 2020 Paralympic Games in Tokyo, Japan, February 25, 2020. REUTERS/Athit Perawongmetha Wired reports that Amazon’s pricing policy most often comes into effect during the holiday season for in-demand items like popular toys, and price gouging during emergency situations or global health crises, like the coronavirus, is not a typical situation for the e-commerce platform.

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Watch CBSN Live. Do face masks really protect against coronavirus ? The face mask industry is booming amid concerns about the outbreak, leading one surgical mask manufacturer to run out of its stock of masks in China; it has been working overtime to meet demand from worried Chinese citizens

You should wear a mask if you're sick to prevent transmission to other people. But it is less effective if you're healthy and masks may give a person a false sense of security and The BCCDC confirmed on Sunday two coronavirus cases which had been presumptive, bringing the total cases in B.C. to four.

Yet, the company did become the center of a price gouging controversy during Hurricane Irma in 2017, when prices for bottled water jumped significantly. Most US states have laws on the books that penalize merchants with steep fines and, in some cases, jail time for price gouging products like water and medical supplies during disasters and emergency situations.

Photos: Coronavirus (COVID-19) outbreak (Photo Services)

Bus Eireann preparing for coronavirus cases on services with measures in place .
Staff, including bus drivers, at Bus Eireann are being provided with hand sanitisers and wipes to ensure best practice in the face of the deadly outbreak.A spokesman for Bus Eireann said: "Bus Éireann continues to monitor developments around Covid-19. We are working internally to prepare contingencies in the event of further cases of Covid-19 in Ireland, on our services or in our workplaces. "Supplies of hand sanitising gel and wipes are being provided for all employees.

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