Amazon Offers Full Refunds on All Hoverboards

What's Hot

2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

While the feds investigate fires and accidents that are apparently related to the self-balancing boards, the online retail giant becomes the first to offer refunds.

Hoverboards were the hottest holiday gift in 2015. But all the hype surrounding the boards (which don’t actually hover) has fizzled out in a hurry, replaced with reports of hoverboard fires, sudden explosions and serious injuries resulting from falls.

Amazon yanked many of the boards from its site in December, amid fire safety concerns. Now the online retail giant is offering full refunds to customers who purchased hoverboards on its site, according to the U.S. Consumer Product Safety Commission (CPSC), which launched an investigation into the fire safety of hoverboards in December.

“I am pleased that at least one leading retailer is erring on the side of caution and taking action now,” commission Chairman Elliot Kaye said in a statement, where he also encouraged other retailers to follow Amazon’s move. “I want to commend Amazon for voluntarily stepping up, providing a free remedy and putting customer safety first.”

Hoverboards are essentially self-balancing hands-free scooters, powered by rechargeable batteries. The lithium-ion batteries are blamed for overheating and causing the boards to ignite.

“There are certain basic safety technologies we expect these units to have that should prevent overheating and potential combustion,” Kaye said, noting that the same technology is already used in cellphones and notebook computers.

The CPSC is also expanding its hoverboard investigation — which initially focused on the fire dangers — to include a probe into the falls associated with the self-balancing scooters.

“At first glance, it is easy to believe the risk of falling off a hoverboard is an obvious one and to dismiss those injuries as user inexperience or error,” Kaye said. “However, I am concerned, for example, that the current designs of these products might not take fully into consideration the different weights of different users, potentially leading to the units speeding up or lurching.”

The CPSC recommends that all hoverboard users wear safety equipment, including a helmet and pads.

As we reported earlier, Underwriters Laboratories, which conducts independent product safety testing and certification, is warning consumers that some hoverboards bear counterfeit UL safety marks. The agency says it has not certified any hoverboards or their components for safety.

If you are interested in getting a refund for a hoverboard you purchased from Amazon, click here. Though it’s issuing refunds for the self-balancing boards, the retail giant is still selling some hoverboards on its site.

Do you have a hoverboard? What do you think of the probe into the boards’ safety? Share your comments below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 8 Behind-the-Scenes Facts About Tesla Motors

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,059 more deals!