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Alot Amazon merchants are from China and Temu is offering better terms (eg. less of a listing fee) to repost products under different name on its platform.
Amazon (incl. ads) is taking ~50% of merchant sales…hence its $50B ad biz as I wrote here:
Here’s The Information today on Temu getting Amazon listings (“Temu 2.0 Attacks Amazon’s Achilles’ Heel”): theinformation.com/articles/temu-
I bet in 5-10 years, we see the death of 'no questions asked' return policies
I agree, don’t think unlimited refund sustainable especially for merchants taking them on
In a matter of 18 minutes, a hacker drained nearly $200 million worth of crypto in the largest heist of the year. Just three weeks later, he reversed the transactions to return everything he stole.
In a Coinage exclusive, the hacker explains himself.
0:03
HE STOLE $200 MILLION. HE GAVE IT BACK. NOW, HE’S READY TO EXPLAIN WHY
Bad look bro this is obviously fake,
they won’t let you return stuff weeks later I’ve seen 48 hours max recently
That’s a next-level strategy, but it feels like the retail karma police might be watching
How is that an arbitrage hack? You still paid $16 for some item but you simply got the Amazon one to hold you over while you waited for Temu.
Lead Edge, the NY firm that’s been buying ByteDance shares, says the threat of a TikTok ban has made shares ‘ridiculously cheap.'
Think now Amazon has a 30 day to get your refund back policy that it is rolling out.
before amazon had release day delivery, I used to buy video games at bestbuy to play on day 1 then would return the cheaper amazon copy to bestbuy when it arrived
This is literally return/refund fraud and people goto jail over this shit.
You are a moron for sharing this “hack”
Isn't there a unique barcode on products that will prevent you from doing this kind of thing?
Fairly common even pre-Temu days. Amazon’s merchant price-parity policy was hard to manage for non-US merchants. Also, 3P shipping costs a lot less so fba will always be higher.
Doubt Amazon's highly favourable return policy lasts after this arbitrage. My bet is that Amazon will reduce the return window from 30 days to a week. Or begin offering personalized return windows
as the number of online retailers increases the number of pairwise arbitrage opportunities should go up. Don't they make software for this? IDK, say you like garden hose parts or w/e, list just those 1,000 skus on 100 sites and arbitrage all day errday
How is this an arbitrage?
Both are the same item.
You buy one for $16, another for $90.
You return the $90 order and get your money back.
You still spent $16 and got that item. What is the profit here?
If you tell me you have returned $16 item for the $90 order, please
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Serious trading demands serious support. We know what traders want.
"One of the best sci-fi books I've ever read." - Amazon Reviewer
Trader Joe’s has arbitrage between stores and nobody wants to talk about it.
"One of the best sci-fi books I've ever read." - Amazon Reviewer
"For nail-biting science fiction thrillers, look no further than one of Rothman's stories. Sit back and enjoy the ride." - Larry Correia, New York Times bestselling author.
#marothman #Crichton #thriller #book
This type of deceitful strategy always comes back to haunt you. 0/10 not recommended lol
"One of the best sci-fi books I've ever read." - Amazon Reviewer
Its technically against Amazons terms to offer a lower price on an external seller, this could be gotten around easily by creating a different entity but if it gets bad enough Amazon will start demanding better tracking or begin refusing refunds. I imagine this ends quickly one
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In the US if you return the item for any reason besides defective, or missing pieces, you have to pay return shipping which can be quite expensive.
"For nail-biting science fiction thrillers, look no further than one of Rothman's stories. Sit back and enjoy the ride." - Larry Correia, New York Times bestselling author.
#marothman #Crichton #thriller #book
The next level is to buy product on temu and sell it on Amazon marketplace and make the difference
There are no qualms about stealing intellectual property and undercutting manufacturers. We've been dancing with thieves. I feel terribly for all the makers that were convinced to manufacture in China.
Arbitrage? Bro you’re still losing 16 bucks for the cheaper product you won’t return, only thing that’s advantageous is that you’ll get your hands on it faster. And that can cost even more if there’s any return costs, which can be high if shipping back to China.
This is a very old hack.
People have been returning Temu junk to Amazon for decades.
Usually for legit items.
You would have to start the return within a couple days of getting the item. Then you have 30 days to return it usually
lol this is why I never use amazon anymore, prices are rigged
In a matter of 18 minutes, a hacker drained nearly $200 million worth of crypto in the largest heist of the year. Just three weeks later, he reversed the transactions to return everything he stole.
In a Coinage exclusive, the hacker explains himself.
Curious... does a seller get dinged for Amazon returns? Who pays for the cost of returning the item if it's shipped by Amazon?
Yeah and then you leave a bad review on temu and ask for a refund in store credit. 80% of the time you get a refund AND you get to keep the item.
This is why you don’t have prices wayyy too different on 2 platforms. Free market at work..