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Updated: Walmart just closed that $50 Playstation 4 loophole

Updated: Walmart just closed that $50 Playstation 4 loophole
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Update (9:38 11/20/2014): As expected, Walmart has quickly closed this price-matching loophole. Also as expected, Walmart's price-matching deal just got worse for everyone. Now Walmart will only match prices from Walmart.com and 30 other major online retailers. It won't be matching prices from "marketplace vendors, third-party sellers, auction sites, or sites requiring memberships." This is why we can't have nice things.

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Black Friday is just over a week away, but you don't even have to wait that long to start getting killer deals. Walmart already matches competitors' discounts, so if you find your item online for cheap, Walmart will match the price. But, Walmart's price-matching days might be numbered. That's because a few bad apples decided to exploit a loophole in the money-saving policy in order to trick Walmart into selling Playstation 4 consoles for just $50. Now, the whole price-matching policy might be nearing extinction.

The tricksters' plan was pretty simple. They set up a fake third-party retailer shop on Amazon and then listed Playstation 4 consoles for sale for between $50 and $90. At that point, all they had to do is take a screen shot of the legitimate looking listing and show it to a Walmart clerk at checkout.

Though Amazon is quick to remove fake listings like that—and you'll never get that $90 PS4 from them—it's still simple to snag a screenshot and bring it to one of the big box stores.

Twitter is full of photos from shoppers who either created fake stores on Amazon themselves or took advantage of stores created by others.

Getting a Playstation 4 for a fraction of the retail cost might sound great, but there's one big reason why a scam like this is bad for everyone.

This little scam saved a few people big bucks, but it could end Walmart's price-matching policy as we know it. Soon, you'll probably have to start paying full freight for everything you buy at Walmart, even if it's advertised online for a lower price from a legitimate competitor.

This isn't the first time the Walmart's price-matching guarantee has come back to bite the company.

Last weekend, some lucky shoppers got their hands on $60 Wii U and 3DS bundles by asking Walmart to price-match what turned out to be a glitch on Sears' website.

This latest scam could be the straw that breaks the camel's back for Walmart price matching. Walmart probably doesn't appreciate people who got away with the Amazon scam posting updates and photos to Twitter, either. It's a big slap in the face to the company.

Here's one person bragging on Twitter about purchasing a Playstation 4 for $50 from Walmart.

fake PS4 Amazon

This is an example of a fake Amazon listing that shows a Playstation 4 on sale for $89.99.

You don't have to scam a store to save money. Head over to my Black Friday page to take advantage of tons of great deals from all of your favorite retailers.

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Source: Kotaku
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