PayPal Gets Into Price Matching Act
We’ve seen Best Buy, Target and others step up to offer consumers the assurance that they will match legitimate prices from Amazon.com and other competitors heading into the holiday season. Now comes word that a non-retailer, PayPal, is planning to do the same.
According to PayPal’s blog, consumers who use the payment service to purchase items between Nov. 1 and Dec. 31 will receive money back if they find the same product sold for less within 30 days of the initial transaction. The deal is good for products bought both online or in stores. PayPal is limiting price matching up to $250 on individual items with a $1,000 maximum.
PayPal is also offering free shipping to consumers who use the service and buy from merchants who accept returns but don’t cover the postage. The company will send consumers a pre-paid shipping label within five days after filing a claim or refund the return shipping charges to those who sent an item back by themselves. There is a $100 limit for the holiday period with a maximum of $25 per item.
PayPal, which is accepted at a large number of retailers both large and small, claims to have more than 50 million users in the U.S. and 117 million worldwide.
- PayPal is Giving You More Ways to Shop & Save This Holiday Season – The PayPal Blog
- PayPal offering price-matching for the holidays – Los Angeles Times
Will PayPal’s price matching and free merchandise return offers result in greater use of the payment service by consumers this holiday season? Do you see these types of promotional tactics as necessary for payment services to stimulate consumer adoption and loyalty?