With so many deals and promotions, it’s not uncommon to see fluctuating prices on items as Amazon seeks to deliver the best prices.
But do these refunds still exist at Amazon? If you’d like to find out, keep reading for more facts!
What Is Amazon’s Price Drop Refund Policy In 2023?
Since Amazon offers some of the retail industry’s lowest prices and frequently compares costs with competitors, price drops and guarantees are no longer provided on most orders in 2023. In 2016, the company scaled back to offer price guarantees for pre-orders, and Amazon will pay the difference in the price if a pre-order is lower priced at release.
If you need to know how to get a refund if a price drops on an Amazon product and find some helpful price drop tools, keep reading for more useful facts and tips!
What Is an Amazon Price Drop Refund?
An Amazon Price Drop Refund allows Amazon prime customers to receive a refund on the difference in the cost of the price of an item if it was purchased within ten days of delivery.
In the event that the item’s price drops, Amazon will automatically issue Prime customers a refund for the difference in cost.
Remember that Amazon price drop refunds don’t extend the return window and cannot be requested outside ten days from when the item was delivered.
In addition, this perk only applies to items sold by Amazon and shipped through Amazon Prime shipping.
Does Amazon Still Offer Price Drop Refunds?
Although Amazon offered a price drop refund for years, Amazon changed its policy to remove this perk.
When Did Amazon End the Price Drop Refund Program?
According to Vox, Amazon decided to end its price drop program in May of 2016 for all products, excluding televisions.
Where Can I Find an Alert for Amazon Price Drop?
As a result of this decision, several apps and websites have been created that help shoppers monitor price drops on retail sites like Amazon.
These apps send users a notification on their phone or an email once a price drop occurs on an item that they’re interested in.
As well, if the price of an item on Amazon goes up, the app will notify customers of this change.
Additionally, users can look for specific products, monitor multiple items and websites at once, and often apply other rebates and discounts from the apps.
Furthermore, the best part is that most apps and websites are free and easy to sign-up for. Simply create your profile, enter your email address, and choose which items interest you most.
Afterward, you’ll be notified when the prices change, so keep an eye out for those emails!
Some of the apps you can use to search price drops are as follows:
Does Amazon Offer Price Guarantees on All Orders?
Since Amazon strives for low and competitive prices on everything it carries, the company regularly compares its prices.
As a result of that comparison, Amazon doesn’t offer price matching or price guarantees on orders.
So, how do you know if you’re getting a good deal? One way to tell is to use CamelCamelCamel or Keepa, as these tools will help you track prices over time and decide whether or not it’s worth buying now or waiting until it goes on sale.
Another way to tell if you’re getting a good deal is to click on “Subscribe & Save” when browsing products on Amazon.
Using this option will automatically send customers’ favorite items straight to their doorstep at a discounted rate with free shipping.
Additionally, customers can set subscriptions up to deliver monthly, every six months, or every year, so you never have to worry about missing out on deals again!
Does Amazon Offer a Price Guarantee for Pre-Orders?
Sometimes a product’s price will change before being released or shipped to an Amazon customer.
Therefore, Amazon offers a price guarantee for pre-ordered items, which will refund customers the difference if the price goes down once a pre-order is shipped.
This is one of Amazon’s many ways of ensuring that the company delivers the best deals.
However, Amazon’s pre-order price guarantee only applies to items sold directly from Amazon and not by third-party sellers on the website.
Likewise, it doesn’t apply to anything purchased through Amazon’s other websites like Woot, even though it will be used for digital music, games, and books purchased via Kindle.
When Will My Price Guarantee Refund Be Received?
Refunds for the price difference will automatically be sent to customers within 48 hours.
Before shipping, price change refunds are reflected in the Your Account page within 24-48 hours of when the new price occurred.
What Is the Amazon Price Guarantee in Canada?
Amazon offers a price guarantee on Amazon.ca for pre-order items bought through Amazon’s Canadian website.
During checkout, eligible items will have a “Pre-order Price Guarantee” message on the product detail page.
For orders that begin the shipping process before the release date, and the price is reduced on the release date, Amazon will refund the difference to your credit card within 48 hours.
Otherwise, within 24 hours of the price change, customers can find the lowest price in the order summary section found under Your Account on the Amazon website.
Is There an Amazon Price Guarantee on Black Friday Purchases?
During Black Friday, price matching and price guarantees are two common tactics retailers use to entice shoppers.
On the other hand, Amazon doesn’t offer price guarantees, since they typically offer some of the most competitive prices for most items. H
owever, the pre-order price guarantee applies if a Black Friday deal is pre-ordered.
Since Amazon regularly monitors the retail market to ensure it offers competitive prices, the company no longer offers price drop refunds or price guarantees for regular orders as of 2016.
However, Amazon provides a price guarantee for pre-orders that refunds differences in cost that may occur between the time an item is ordered and is released or shipped.