Price gouging policy

Offering essential items at a price higher than what is considered fair or reasonable is not allowed on Ventio. Sellers offering essential items must do so at reasonable prices and may not attempt to unreasonably profit from increased demand or decreased supply caused by emergencies or disasters.

What is the policy?

• Items that are considered essential must be offered at a reasonable price.
• Inflating the price of goods in response to an emergency, disaster, or similar event is prohibited.
• Ventio may restrict the sale of items that are susceptible to price gouging behavior — for example, by only allowing such items to be sold by authorized sellers.
• Sellers must comply with all applicable Cyprus and EU laws and regulations that apply to the sale of their items.

Activity on Ventio must follow this policy, the Ventio User Agreement, and all applicable Cyprus and EU laws. Non-compliance may result in listing removal, warnings, account restrictions, or suspension.

Why does Ventio have this policy?

This policy ensures that buyers have access to essential items at reasonable prices during emergencies or disasters. It helps prevent exploitative pricing practices (price gouging) that take unfair advantage of increased demand or limited supply. The policy also ensures compliance with relevant Cyprus and EU laws and protects the integrity and trustworthiness of the Ventio marketplace.