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Amazon India cuts fee payment by 50% for small sellers

Amazon India cuts commission fee by 50% for small sellers
Picture Supply : AP

Amazon India cuts fee payment by 50% for small sellers

Amazon India on Thursday stated it has slashed its fee payment by 50 per cent until June-end for sellers on its platform who offered items value Rs 10,000 or much less earlier than the coronavirus outbreak in India.

The e-commerce large, which competes with Walmart-owned Flipkart, will even waive storage charges for merchandise at its warehouses until April 30 as a part of its efforts to help vendor companions in the course of the COVID-19 disaster that has disrupted companies globally.

“A big variety of our 600,000 vendor base in India embrace micro entrepreneurs, small and medium companies in addition to ladies sellers, artisans and weavers. We’re taking a number of steps to help and stand by our companions on this powerful scenario and assist them navigate by means of this problem,”

Amazon India vice chairman Vendor Providers Gopal Pillai advised PTI.

Amazon expects tens of hundreds of small sellers to learn from the 50 per cent payment waiver and the opposite steps being taken, he added.

The corporate has waived the fee it fees sellers by 50 oer cent until the top of June 2020. The SoA or referral charges is paid by all sellers for promoting their merchandise on Amazon’s platform and is a proportion of the overall gross sales value.

This waiver will apply to all sellers whose common GMS (Gross Merchandise Gross sales) for January and February 2020 is Rs 10,000 or beneath.

Sellers will even get incentives for bringing in additional excessive precedence merchandise (like meals, grocery and well being merchandise) into Amazon’s warehouses.

It has refunded all fulfilment and referral charges for orders cancelled in the course of the lockdown interval to assist scale back the impression of those cancellations on vendor companions.

Walmart-owned Flipkart stated it has prolonged its CareTouch Choose service, a premium service that permits sellers to get faster resolutions for his or her business-related queries, to incorporate the lockdown interval of their subscription phrases.

The subscription will proceed to increase relying on when the lockdown lifts.

Additionally, Flipkart has waived the storage payment for April, below its Fulfilled by Flipkart service that permits sellers to retailer their stock in Flipkart Achievement

Facilities for sooner deliveries. It has additionally supplied all its sellers a medical health insurance plan, particular to COVID-19, in partnership with Digit Insurance coverage at particular charges.

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