Will online shopping become cheaper?
There is good news for customers shopping from Amazon. Actually, the company has removed the referral fee from 1.2 crore products priced less than Rs 300. This is the biggest cut made by the company so far and it will benefit small businesses selling goods on Amazon. This decision will come into effect from april 7. Due to the reduction in referral fees, sellers can reduce the price of their products, which will benefit the customers. Let us know this complete news.
Referral fee removed from products of 135 categories
This decision of amazon will affect 135 categories including clothes, shoes, jewelry, grocery, home decor, beauty, toys and kitchen products. Let us tell you that referral fee is the commission that the seller gives to amazon on every sale. This can be from 2 to 16 percent depending on the different categories. With the removal of referral fees, more money will now go into the seller's pocket. This will make it easier for the seller to reduce the price of their products. Let us tell you that this decision will be applicable only on products priced less than Rs 300.
Shipping rates also reduced
Apart from removing referral fees, amazon India has also reduced shipping rates for sellers. Now they will have to pay Rs 65 instead of Rs 77. Along with this, the company has also reduced the handling fee to Rs 17 for weight less than one kilogram. The company said that this will make it easier for the platform to attract sellers and they will be able to offer more competitive prices. A company official said that 90-95 percent of the fees that sellers pay to the platform are referral and shipping fees.
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