Price Adjustments are often referred to as price protection as it allows customers to obtain refund of the price charge to them if they can show that the price of the product has fallen within a time period. It is practiced in USA.
The retailers will then do “price adjustment,” by refunding the extra amount that has been charged to the customer because of the fall in price.
Many credit card companies also offer price protection as a standard benefit.
there is no restrictions on retailers to make this an attractive option.
But remember,Price adjustments are not equivalent to return policies.There is a difference between the two. In price adjustments, retailers' refund the gap in cost even if the item has been used.
While on the other hand,Returns needs to be in an unused condition.
There are different policies adopted by retailers for in-store purchase and online purchases. Several items are excluded from such adjustments and policies like for items which are on sale.
There are various companies which provide Price adjustment facility.
Some of these are-
Walmart
In case a purchase is made online , Walmart and the price of the product decreases a notice of such decrease will be shown in the website within 7 days of the order date.Walmart will refund the difference amount if there is a request for refund put up from the customers side.
Some items like sale item,clearance item,Special Buy etc are excluded from such adjustments.
Amazon
Amazon provides price adjustment facility only on TVs .A customer can within 14 days find any other lowest price either on site or from different retailers to claim the price adjustment refund.For other products it says that its price fluctuated a lot and any price which was charged was the lowest of all which could be provided at that time.
Best Buy
Best Buy's price adjustment policy states that if any of the purchases is made and the customer finds lower price of the same product at any local Best Buy store then it will refund the amount provided it occurs within the return and exchange period.
However items not eligible for refund are; Mail-in offers,limited quantity offer,free items, out of stock items, open box, clearance,Midnight sales,special hours sales,or any special day offer etc. items which are purchased online are adjusted over phones only and not in any of its stores.
Kohl's
Kohl's refunds the difference if any item's price drops within 14 days of the purchase date, but clearance goods and BOGO (buy one, get one) items are not eligible for price adjustments.Items in store as well as online purchases are eligible for such price adjustments.
Other tips:
You can ask for the adjustment as no store will automatically issue refunds for goods whose price decreases post purchases. When you request an adjustment, you'll need your original receipt, the credit card or debit card you paid with and possibly a photo ID and also a proof of the new, lower price.
Some stores do not advertise whether they have a price adjustment policy, so in these cases talk to a store manager. If a store does not have a price adjustment policy, in some cases you can give yourself the price adjustment by doing a little extra work. Buy the identical item at the new, lower price and then return it with the old receipt that shows the higher price. This process takes extra work, but may be worth your trouble for higher priced items and at stores you frequent. But you cannot employ this strategy with purchases that fall outside the store's return time frame or with items that can't be returned.
Finally, stores that marks some special days deals on such date shall not be considered for price adjustments.
Conclusion
It is not possible to keep an eye for lower prices for every purchase;but check out for expensive items as it can really pay off.
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