Amazon shoppers are in for a surprise as prices on the platform are set to increase after May 31.
Online shoppers will need to allocate more funds for their purchases, as the era of substantial discounts on Amazon comes to an end.
Increased Seller Fees and Commission Charges
Amazon has recently raised its fees and commission charges for sellers, leading to potential price hikes for products. The fee hike applies to specific categories, such as electronics and cosmetic products.
Reports suggest that this increase in charges will directly affect the pricing of products available on Amazon.
Effective Date: May 31
The increased fees and commission charges will be implemented starting from May 31.
Sellers may transfer the burden of these charges onto customers, resulting in higher prices for various products.
Products Prone to Price Increases
Multiple product categories, including clothing, beauty products, groceries, and medicines, are likely to experience price hikes.
Additionally,
Amazon may adjust fees related to product returns, potentially impacting the overall cost for customers.
Fee Adjustments
Seller fees for over-the-counter medicines priced at Rs 500 or less will increase from 5.5% to 12%. Conversely, products priced at Rs 500 or more will see a fee reduction to 15%.
Certain categories like wall paint, tools, inverters, and batteries have experienced rate cuts by Amazon.
