IMPORTANT: See Update 2 below.
This might be useful if you make frequent purchases on amazon.com. Although Amazon’s website does not say this ‘loudly’, Amazon does have a price protection policy!
While Amazon.com does not do price-matching with other retailers, but if the price of the product that you bought on amazon drops within 30 days of your purchase, you can ask for a refund of the difference amount. The key here is, you need to ask amazon for the refund!
Here is what the policy reads:
Post-Order Price Guarantee
Amazon.com’s prices for released items will change from time to time based on a variety of factors. If Amazon.com’s price for an already-released item decreases within 30 days after we ship the item to you, we’ll be glad to refund the difference in price if you contact us. Please click one of the buttons on the right, and be sure to have your order number handy so we can assist you.
This Post-Order Price Guarantee is subject to the following restrictions:
- Applies only to products that have already been released. Products that have not yet been released but that are available for pre-order from Amazon.com are not covered by this guarantee, but do benefit from our Pre-Order Price Protection program (see section above).
- Applies only to items sold by Amazon.com, and not to items (or prices) offered by other sellers on our site.
- Item prices that are affected by a promotion such as “Buy one, get one free” are not eligible.
- The price of an item after rebate is not considered to be the Amazon.com price.
Link to this policy can be found here on the amazon website.
I had recently purchased a Logitech Headset on amazon, and the price has dropped twice already, and each time the priced dropped, I got the appropriate refund!
Very handy for electronic products which have the tendency for price drops!
Also, one more interesting and very useful site is www.refundplease.com. This site lets you enter your purchase information (item#, date of purchase and your purchase price) and your email. Once you enter this info, the site automatically checks amazon.com for price drops every day for the next 30 days and notifies you of any changes. Thats how I got to know of the second price drop for the Logitech Headset that I purchased!
Update 1: Check out this site : http://www.priceprotectr.com/ -> this one is similar to refundplease.com, but tracks nearly 60 popular online stores for price drops – so that you can get your refunds!.
Update 2: As of Sep 1st, 2008, Amazon no longer has the price protection policy. Sad but true.