03-02-2020 12:42 AM - edited 03-02-2020 12:44 AM
If i were to buy some of those "overpriced" N95 masks to re-sell, and marked them up using the SAME calculations i use to mark up any of my other items, no more no less, would that be considered price gouging?
03-02-2020 08:32 AM
@inhawaii wrote:If i were to buy some of those "overpriced" N95 masks to re-sell, and marked them up using the SAME calculations i use to mark up any of my other items, no more no less, would that be considered price gouging?
I surmise, much depends on what your calculations normally are for a mark-up. The way I interpreted the announcement about cracking down on unscrupulous sellers who try to take advantage of the shortages in an emergency situation was that they will shut down listings / sellers with excessively overpriced supplies. The announcement did not seem to provide guidance as to how it defines price gouging, either in numbers or percentages, so perhaps asking eBay about this would be more enlightening than asking fellow sellers.
PW
03-02-2020 08:37 AM
Considering the global developments associated with Covid-19 (Coronavirus) and our dedication to delivering a safe and trusted marketplace, we would like to remind you of eBay’s Listing Policies:
Health claims and misuse of keywords: titles and item descriptions containing health claims and misusing terms such as "Coronavirus", "Covid-19", ‘Virus”, "epidemic" are prohibited.
Inflated prices over market value: listings that attempt to profit from tragedies and disasters (such as the Coronavirus outbreak) are prohibited.
eBay requests that all sellers who have live listings offering items such as face masks, hand sanitizer gel or wipes, etc., review their listings and make sure that they comply with eBay listing policies.
Activity that doesn't follow eBay listing policies could result in a range of actions, such as eBay ending or canceling your relevant listings, hiding or demoting all listings from search results, lowering your seller rating, enforcing buying or selling restrictions, or suspending your account.
To learn more about the policies and make sure your listings are compliant, we invite you to read our three most relevant policies on this topic: Prescription and over-the-counter drugs policy, Disaster and Tragedy policy, Search manipulation policy.
03-02-2020 08:41 AM
@luckythewinner wrote:
@inhawaii wrote:Nobody really answered the question.
Let's say a box masks used to cost $20.
If i buy a box of masks now for $200 and sell it for $201, am i price gouging?
No one answered the question because there is no mathematical answer to the question.
Price gouging is a measure of circumstance and intent, not just a matter of price.
That about sums it up. Well said.
PW
03-02-2020 08:57 AM
Anything you sell for 10 times the price it was before a crisis started is PRICE GOUGING. This is because the only reason it is worth 10 times or 20 times or 30 times more is because of the crisis. You are taking advantage of the crisis and so it is PRICE GOUGING. The price you paid for them is irrelevant. You are making other people pay outrageous prices for something they may need. You are also purchasing things people need to profit off them and not letting the people that need them buy them. When you buy them at $200 and resell them for whatever price, the people that need them don't get to even pay the lower price because you took them. So if someone buys them from you at $201 and resells them then sick people pay higher and higher. It may start out at $20 masks selling for double and it skyrockets to outrageous prices when people buy and resell over and over. And you are part of the problem. You are trying to ease your guilt by saying you only profited a tiny bit. You contributed to the problem. How about you buy some for people that need them and donate them. Be part of the solution. Even asking this question is reprehensible.
03-02-2020 09:08 AM
Well said. Thank you !!!!
03-02-2020 09:12 AM - edited 03-02-2020 09:15 AM
@bar-29368 wrote:
I wouldn't do it because you could be left with a bunch of stock you paid way too much for.
I can't recall who said it over the weekend, but it was some spokesperson for one of the "health agencies" who said (in caps even) STOP BUYING MASKS!!
Only those who are already ill or healthcare workers should be wearing them. They do nothing to prevent healthy people getting it.
Correct. Which is why I did not buy any, either. You see masses of healthcare employees in **bleep** and elsewhere, wearing FULL BODY ARMOR a.k.a. discardable full-body suites and full-face masks, and some of them still get infected and die. That is, because protecting yourself while in public, or around infected people, is one thing - what happens during and after discarding of the protective gear, is another. When / if you touch the contaminated and disposable gear with your bare (or gloved) hands to throw it away, and then touch your nose, eyes, ears, mouth etc. while on the way to the sink to wash your hands as the CDC recommends to do, you already have infected yourself, or at a minimum, transferred the "thing" to your door knobs as you walk from the trash bin through your home.
And who is going to wear full body cover, including protection of the shoe soles (!!!) when going to Wal*Mart to pick up some food?
And if you order the groceries with home-delivery, do you know where the home delivery guy at your door delivered prior to coming to your doorstep? He accepted payment (card or cash) from the neighbors who may have already been infected and now with the same gloves on his hand, he will ask you to give him your card to pay. You can guess how that will work.
This virus works differently from any other, hence it is not comparable to other strains of the flu that mostly spread through airborne (Influenza A and B) or blood-to-blood transmission (HIV). It spreads in multiple ways, and similar to HIV, it stays in the body and has the ability to "hide" from your immune system, just like HIV does. But there the similarities end. This is how it is possible for previously discharged people with "negative" clinical picture to come down with it, again. Because it has a program (whether due to natural adjusting or man-made interference) to "hide" and be elusive in the dormant stage.
In short, it does not matter much if and how you are trying to protect yourself, in the end, it will be based on multiple other factors (among those, your luck) whether or not you'll become a carrier. While the sheer size of the U.S.A. is more than likely taking care of a slow spread, spreading it will, and again, no mask will help you avoid it, or survive it, if you happen to be in the wrong place, at the wrong time, and additionally, your immune system is temporarily or permanently compromised. This thing is the devil in disguise.
Until then, just keep washing your hands, and don't forget to take your meds (per the CDC).
PW
03-02-2020 09:21 AM
03-02-2020 09:25 AM
03-02-2020 10:24 AM
"Anything you sell for 10 times the price it was before a crisis started is PRICE GOUGING."
Not necessarily. At least in the eyes of the law.
03-02-2020 10:54 AM
If you need to justify bad selling practices by whether it is legal or not legal to do so, then you should not even ask our opinions. Just go do it and live with yourself. The crisis made the price inflate. Taking advantage of people in crisis is PRICE GOUGING. If you have no ethics then you are not interested in what we say about it.
03-02-2020 11:52 AM
I could buy a bunch of these boxes of masks for $1,000 a box, then turn around and re-sell them for half that, $500 a box, take a $500 a box loss, and STILL be called a price gouger. I just find that odd.
03-02-2020 12:05 PM
While ebay says don't do "it"........
they have not defined "it".
They may have to go out on a limb and say ten percent increase up to and including x amount for said product.
You buy at 11 and resell at 12.10. Next guy buys and resells at 13.31.
Will there a cap at 14.65?
Will there be a cap on shipping and handling?
Will there a mandated price fixing?
03-02-2020 12:25 PM - edited 03-02-2020 12:27 PM
@inhawaii wrote:I could buy a bunch of these boxes of masks for $1,000 a box, then turn around and re-sell them for half that, $500 a box, take a $500 a box loss, and STILL be called a price gouger.
I am surprised after all the replies you still cannot see that that is price gouging. If you paid $1000 a box to make a profit ( you would never buy intentionally to take a loss), that should tell you something before even hitting the BIN button.
03-02-2020 12:36 PM
Everyone likes to SAY price gouging but nobody can say what it is.
A box of 10 3M brand 8210 N95 face masks. At what price is it price gouging? Is it ok if i sell it for a dollar less than that amount?
03-02-2020 01:01 PM
From the ca gov page ^^^