').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Amazon India Offers 50% Referral Fee Waiver For E-commerce Businesses
All new sellers registering on Amazon.in between January 15 and April 14 this year will be eligible for 50 per cent waiver on referral fees for 60 days, said the e-commerce firm on Tuesday.
Businesses pay Amazon referral fees to for facilitating sales on the online marketplace. With a 50 per cent waiver on referral fees, Amazon aims to incentivise new sellers to leverage e-commerce.
“We believe that with the right support, small businesses can grow,” said Amit Nanda, Director, Selling Partner Services, Amazon India. “This waiver is in line with our commitment to digitize 10 million Indian small businesses by 2025 by making it more cost-effective to start their online journey.”
Amazon said ‘new-to-e-commerce’ businesses can benefit from the 50 per cent waiver on referral fees. The waiver will help businesses establish a foothold in the competitive e-commerce market by reducing their upfront costs and allowing them to grow their business.
More than 1.2 million sellers are part of the Amazon India marketplace. Amazon said they benefit from programmes, service and initiatives of the company. This includes businesses of all sizes including local stores, traditional weavers and artisans, women entrepreneurs as well as start-ups and digital entrepreneurs who make their selection of products available on Amazon India
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Tue, January 31 2023. 14:45 IST
RECENT NEWS
Titi Coles Legacy In Finance: Pioneering Diversity And Leadership
Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more
Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more