How Price Matching Works and How to Get a Lower Price
Discover how price matching works to consistently get lower prices. Learn the effective ways to save money on your purchases.
Discover how price matching works to consistently get lower prices. Learn the effective ways to save money on your purchases.
Price matching offers consumers an opportunity to secure products at the lowest available price. This practice involves a retailer agreeing to sell an item at the same price offered by a competitor. Retailers often adopt price matching as a competitive strategy, aiming to attract and retain customers by demonstrating a commitment to competitive pricing.
Before attempting a price match, it is important to understand the specific criteria that retailers typically outline in their policies. Most policies require the competitor to be a recognized entity, such as a local brick-and-mortar store or an approved online retailer. Some policies might exclude online-only stores or specific third-party sellers, focusing instead on direct competitors. The product itself must be identical, meaning the brand, model number, color, size, and packaging must match.
The item must also be available for purchase at the competitor’s location or website. Retailers usually verify that the lower price is current and valid at the time of the price match request. Expired advertisements or temporary sales that have concluded will not be honored. Acceptable proof of the lower price includes a printed advertisement, a live display of the competitor’s website on a mobile device, or a screenshot of the competitor’s online listing.
Policies vary from one retailer to another, so reviewing the terms and conditions of the store where you intend to make a purchase is recommended. Some stores may have limits on the number of price matches per transaction or per customer. Understanding these nuances beforehand can prevent delays and ensure a smoother price matching experience.
Once you confirm your desired item meets a retailer’s price match criteria, the process for requesting the adjustment is generally straightforward. For in-store purchases, approach a customer service desk or a sales associate with the item you wish to buy. Clearly state that you are requesting a price match and present your verified proof of the lower price, such as an ad or the competitor’s website displayed on your phone. The associate will typically review the evidence to ensure it complies with their policy.
When initiating a price match online, the steps can vary. Some retailers provide a dedicated online form where you submit the competitor’s product link and price for review. Others may require you to contact customer service via chat or phone before or after placing your order. In some cases, a promotional code might be provided to apply at checkout, or a partial refund may be issued after the purchase is completed.
Many retailers offer post-purchase price adjustments, allowing you to claim a lower price if it appears shortly after your purchase. This requires bringing your original receipt and proof of the new lower price back to the store within a specified timeframe, often ranging from 7 to 30 days. Online, you might need to contact customer service with your order number and the new price details to receive a refund for the difference.
Many price match policies include specific exclusions. Prices from clearance, liquidation, or going-out-of-business sales are typically not honored. These sales often feature reduced prices that retailers are unwilling to match due to their temporary and below-cost nature. Similarly, limited-quantity offers or “doorbuster” deals, designed to attract customers with low prices for a short period, are usually excluded.
Prices from marketplace sellers, such as third-party vendors on large e-commerce platforms like Amazon or eBay, are commonly excluded from price match guarantees. Retailers only match prices from direct, authorized competitors to ensure fair comparisons. Typographical errors in competitor advertisements, where a price is listed incorrectly, will not be matched. This protects retailers from honoring mistakenly advertised prices.
Bundle offers, where multiple items are sold together at a reduced combined price, or prices that require mail-in rebates are not eligible for price matching. Discounts tied to loyalty programs, employee discounts, or military discounts are excluded. Price matching policies apply to physical products, not services, subscriptions, or digital downloads. These limitations help define the scope of a retailer’s commitment to price matching, guiding consumer expectations.