New Delhi: Amazon India on Thursday said it has slashed its commission fee by 50 per cent till June-end for sellers on its platform who sold goods worth Rs 10,000 or less before the coronavirus outbreak in India.
The e-commerce giant, which competes with Walmart-owned Flipkart, will also waive storage fees for products at its warehouses till April 30 as part of its efforts to support seller partners during the COVID-19 crisis that has disrupted businesses globally.
"A significant number of our 600,000 seller base in India include micro entrepreneurs, small and medium businesses as well as women sellers, artisans and weavers. We are taking several steps to support and stand by our partners in this tough situation and help them navigate through this challenge," Amazon India vice president Seller Services Gopal Pillai told PTI.
Amazon expects tens of thousands of small sellers to benefit from the 50 per cent fee waiver and the other steps being taken, he added.
The company has waived the commission it charges sellers by 50 oer cent till the end of June 2020. The SoA or referral fees is paid by all sellers for selling their products on Amazon's platform and is a percentage of the total sales price.
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