Amazon India on May 1 announced a slew of measures, including waiver in various fees paid by sellers, to help small and medium businesses amid the deadly second wave of the COVID pandemic. The e-commerce major said it is waiving 50 percent of the ‘sell-on-amazon’ or ‘referral fee’ from May 1 to 31 for a section of sellers and will reimburse storage fees and long-term storage fees charged for keeping sellers’ products at its warehouses for merchants based out of non-serviceable pin codes. Amazon India has over 8.5 lakhs sellers on its platform. In SMB Impact Report 2020, Amazon India had noted that it works with more than 10 lakhs small and mid-size businesses (SMBs) including sellers, delivery and logistics partners, neighbourhood stores, enterprises, developers, content creators, and authors in the country.
Source: Economic Times