Skip to main content

Amazon India revises seller fee structures

Amazon said it will apply 18% GST (goods and services tax) to all the fee types listed

New Delhi: E-commerce major Amazon on Saturday said it is revising its seller fees on account of inflation and interest rates, as well as to match the industry-prevalent fee structures.

Starting April 7, Amazon. in is revising its fee structure, including referral fees, closing fees, and weight handling fees besides other ancillary fee heads, for sellers on its marketplace.

“These revisions take into consideration various macroeconomic factors such as inflation, interest rates, operational costs etc, and align with industry-prevalent fee patterns,” the company said.

Referral fees will be reduced in categories like apparel, bedsheets, cushion covers, and dinnerware, and increased in categories like business and scientific supplies, chimneys, laptop sleeves and bags, and tires, a company statement said.

Closing Fee has been increased by Rs 3 for the average selling price of more than Rs 1,000. Weight handling fee has been increased by Rs 2, in line with the inflationary increase in shipping costs, it said.

“We recognise seller fees and incentives as strong long-term levers that will help sustain a robust thriving marketplace, focused on digitising small and medium businesses in the country and enabling them to grow into strong national brands.

“These changes reflect our commitment to make Amazon. in one of the most preferred marketplaces for selling in India and creating right choices for sellers to grow efficiently,” says an Amazon India spokesperson.

The other fee heads include technology fees and pick-and-pack fees. Zero Fee fulfilment policy has been removed, due to which weight handling shipping fee will now be charged for standard-sized shipments priced over Rs 20,000 effective from April 30, 2024.

Amazon said it will apply 18% GST (goods and services tax) to all the fee types listed.

The post Amazon India revises seller fee structures appeared first on India Retailing.



from India Retailing https://ift.tt/f4Tjmkp
via IFTTT

Comments

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...