Sunday 14 December 2014

Glitch Causes Items To Be Sold On Amazon For 1p

A software error forces small retailers on Amazon to lose tens of thousands of pounds with some saying it could bankrupt them.

Businesses are furious after a piece of software used by retailers on Amazon went wrong, causing hundreds of items to be sold for 1p. Some firms which use RepricerExpress say they risk going bankrupt because the problem has resulted in them losing so much money.

The software is designed to keep businesses competitive by automatically repricing items of stock so they are cheaper than others in the digital market. The firm states on its website: "We are here to increase your sales on Amazon and Rakuten’s Play.com and make your efforts as profitable as possible."

For an hour on Friday, between 7pm and 8pm, a problem with RepricerExpress led to hundreds of items being sold on Amazon at a fraction of their normal price. At the same time, some customers said, Amazon charged its usual fees for every item sold.

One of the sellers, Judith Blackford of Kiddymania, told Sky News she could be forced out of business as result of the error. She said: "I started using Repricer Express - a repricing tool as did a lot of other businesses a few months ago. "Last night through an error in their programme they listed my stock on Amazon at 1p per item including delivery. "I have lost about £20,000 overnight.

Having asked Amazon to cancel the orders they are still sending them out and charging me horrendous fees. "Surely someone has to be accountable for this. I will be bankrupt at this rate by the end of January."

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