South Korean Banks Accuse Newegg, ASI Of Ponzi Scheme

[bit_user]

Ummmm...if you read what I wrote perhaps you would have a better understanding rather then reply with your sarcasm..I said I do browse around and compare prices.their prices are Marked-up.i can provide you with evidence if needed.now maybe other items are within similar prices etc but MY experience with them is their BS!!! And no I’m not price “sensitive” as you stated..I just don’t like getting ripped of from misleading prices from this junk site.hows that?

Dude, my reply was to @thundervore, not you. I did read what you wrote, and had nothing to say except that people should always shop around, which I already said.

I just bought stuff from Newegg within the last month, and they had the best price I could find on it. So, not all their prices are marked up.

I don't get what's your problem, though. Maybe you feel their reputation is unjustified, but there are plenty of places I don't buy from, because their prices generally suck. Nobody is forcing you to buy from Newegg or preventing you from shopping around, so why rage over it? Just use a price engine, like pcpartpicker, and buy whoever's cheapest.

 

[FatalRob]

My bad??? Said you replied to me sorry!im not raging either,just seems some of your comments came over the wrong way suggesting I’m a sensitive buyer and checkout pc part picker..I know about pc part picker and all the other price comparison sites.i was just stating from MY experience that “select” items are marked up and I can prove it!have a nice day!

Ummmm...if you read what I wrote perhaps you would have a better understanding rather then reply with your sarcasm..I said I do browse around and compare prices.their prices are Marked-up.i can provide you with evidence if needed.now maybe other items are within similar prices etc but MY experience with them is their BS!!! And no I’m not price “sensitive” as you stated..I just don’t like getting ripped of from misleading prices from this junk site.hows that?

Dude, my reply was to @thundervore, not you. I did read what you wrote, and had nothing to say except that people should always shop around, which I already said.

I just bought stuff from Newegg within the last month, and they had the best price I could find on it. So, not all their prices are marked up.

I don't get what's your problem, though. Maybe you feel their reputation is unjustified, but there are plenty of places I don't buy from, because their prices generally suck. Nobody is forcing you to buy from Newegg or preventing you from shopping around, so why rage over it? Just use a price engine, like pcpartpicker, and buy whoever's cheapest.

 

[ccrider_22]

Didn't know about the "China Syndrome" thing with the 'egg', always bought all my stuff from them till they started selling DOA drives without a paid return label. Got tired of the good deal souring in my mouth, having to foot the bill to send back a bad drive.

 

[ObamasBFF]

The old Newegg I would say no way I don't believe it. The Chinese owned Newegg (for about 1 year now) I just wont be giving them the shadow of the doubt like I would have. I have seen there service start to lack since the buyout and all things being equal I will buy from Amazon now.

I had no idea Newegg had sold out, but it makes sense on why their customer service has gotten incredibly poor lately.

 

[Christopher1]

The old Newegg I would say no way I don't believe it. The Chinese owned Newegg (for about 1 year now) I just wont be giving them the shadow of the doubt like I would have. I have seen there service start to lack since the buyout and all things being equal I will buy from Amazon now.

So simply because Newegg is 'Chinese-owned' you will not be giving them the benefit of the doubt? How racist of you, to put a pin in it.
I will give them the benefit of the doubt because I have never had a problem with Newegg.... always got my tech products on time, in good condition, and they always worked.

 

[bit_user]

So simply because Newegg is 'Chinese-owned' you will not be giving them the benefit of the doubt? How racist of you, to put a pin in it.

Not racist - statist. I think James would have no problem for someone of Chinese descent to own it (to be honest, I never knew anything about the ethnicity of its former owners - maybe they were - it just never mattered to me).

The concern most/all of us have is of Chinese state ownership, where Newegg becomes another pawn in China's efforts towards economic world domination.

 

[ajr1775]

All it takes is some head of purchasing at NewEgg who is wanting kickbacks to write up some false PO's. l wouldn't be surprised if it was it just a few guys near the top, not at the top, who engaged in this.

 

[80-watt Hamster]

It’s really ironic in reading this today regarding newegg.i filed a complaint with them regarding “marked-up” prices.as a frequent online shopper/browser I noticed quite a discrepancy in their prices compared to other online stores.i decided to investigate more and research why this was.i contacted newegg (Canada) about this very situation and they basically gave me the runaround.serveral times I have noticed that their “sale” price (on select items) was just a few dollars off the “actual” retail price.i couldn’t believe what I was seeing so I contacted them as I stated above.i almost felt obligated to contact the competition bureau and file a complaint but I just figured I will not purchase anything ever again from them.buyer beware.they definitely do not conduct business in a fair or honest aspect.far from it.
Now,I’m not sure if this relates to this article,but once I read the title and a bit more,I felt the need to post my experiences and perhaps warn others.

Best regards!

Some of that is more-or-less-standard retail practice. Many items have a list price of as much as double the typical street price, at Newegg and elsewhere. I recently bought a pair of headphones (not from NE) for less than $60; they list for $150, but don't sell anywhere reputable for more than $100. So what I've caught Newegg doing on occasion (and this is not a recent development) is quoting manufacturer's list, or even more, in calculating the discount for a sale, when they've never sold the item in question for the "regular" price. But yeah, one's got to be careful. I've also seen Shell Shockers that aren't actually discounted at all.

 

[dgk1953]

Eh...I'll still buy from them unless they pull shady stuff on me. I don't think their shipping is anywhere as fast as it used to be but still reasonable. Amazon? Higher prices,plus sales tax in my State. Ordered a mobo from them about a year go for a build and it was shipped ONLY in it's mobo box with a shipping sticker slapped on it. No second box,no padding nothing. I can't believe it worked but it did. I ordered a WD HD from them that was YEARS old and being sold as new. It works but NOT new.

I don't buy any tech stuff from Amazon anymore,just odds and ends stuff.

 

[thundervore]

Maybe it was when they started letting third party merchants in, or when they reduced free 3 day shipping on many things or when prices were no longer "low".

They let you filter by seller, with a special option at the top for restricting to Newegg. How is this any worse than Amazon, who also has 3rd party sellers and lets you filter on them?

I still get many things I order within 48 hours. Probably within the last year, I got something in < 24 hours, after only ground shipping. So, they're still fast and often free. Just not dependably either... but I remember reading complaints over the years by people who claim to have paid for overnight shipping and expedited their order, only to sit and wait for half a week. So, I'm not sure this is any different.

As for low prices, they still typically have good prices, and often the best. Just use a price search engine like pcpartpicker to check. I now use them before all major PC part purchases, and it's saved me money a few times by sending me places like NCIX.

Unless you're a highly cost-insensitive individual, I don't see why you wouldn't at least check before buying on Amazon, whom I find costs the same or more than Newegg, more often than not.

All of that being said, it does slightly worry me that they're Chinese owned. I didn't know that. I have no specific concern, but I'd imagine there's some strategy behind it - like to introduce new Chinese computer & electronics brands directly into the market and @ lower cost than if they had to go through 3rd party channels.

I do filter them out and only select Newegg store, but the same item will be on Amazon for less or maybe a $1 more with no hassle return. I remember reading lots of reviews saying they rejected RMA motherboards due to bent CPU pins, never believed it until it happened to a friend. Something happened along the way and I just want the onld New back. I too remember ordering stuff and getting it the next day too because it shipped from NJ and I'm right next door to NJ. I hope they pull through and come out on top and go back to their old ways.

Oh. side note to anyone reading. The also own Rosewill which is why Rosewill products are advertised heavily on their site.

 

[bit_user]

I ordered a WD HD from them that was YEARS old and being sold as new. It works but NOT new.

Was it a warehouse deal or from a marketplace seller? There are lots of people selling used/refurb drives as new, but I've never heard of Amazon doing that.