Shopping on the popular e-commerce website Amazon is likely to get expensive from 31 May. As the company will be revising its seller fees and commission charges, a report by Economic Times has stated.
Moreover, the platform will also increase fees for handling product returns. It is important to note that E-commerce businesses generate revenue by collecting commissions. And other fees from the vendors who sell their goods on their marketplace.
As per the report, the company will increase the seller price in a number of categories like clothes, beauty, groceries, and medicines.
As per the report, for over-the-counter medicines, the seller’s fee is likely to increase from 5.5 per cent to 12 per cent. This will on products worth ₹500 or less while for above ₹500. A seller fee of 15 percent is likely to charged.
In the apparel category, the report states that the seller fees would increase from the current 19 per cent. This covers products over ₹1,000 to 22.50 per cent in some cases.
In addition to this, in the beauty section, the commission for products less than ₹300 would increase to 8.5 per cent. Moreover, the company has also hiked delivery charges for domestically transported products by about 20-23 per cent
This all comes also amid reports of the company laying about 500 employees in India across different businesses and functions.
AWS
According to the report, Amazon is currently carrying out the process of laying off employees from Amazon Web Services (AWS), human resources, and support functions.
The report stated that this new wave of layoffs is part of the job cut announcement made in March 2023. It involved a total of 9,000 jobs eliminated.
In March, Amazon had revealed its plans to cut around 9,000 jobs from its cloud services, advertising and Twitch units as recession fears loom.