By CNBC-TV18 Jul 19, 2019 8:54:19 AM IST (Published)
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Amazon, the world's largest e-commerce company, is updating its terms of services in the country following a settlement with the German anti-trust authorities on Wednesday, The Times of India reported.
Amazon, the world's largest e-commerce company, is updating its terms of services in the country following a settlement with the German anti-trust authorities on Wednesday, The Times of India reported.
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If implemented, the changes will push up overall logistics costs for Amazon.
Amazon told the newspaper that there will be a few major changes in the operations in India, which includes, Amazon sharing liabilities with business partners, a 30-day notice before removing merchants from the platform, and being more considerate when charging sellers for product cancellations and returns.
The changes in policy would mean a significant gain for the third-party sellers, as it costs them 7 percent to 15 percent of the product value, sellers told The ToI.
Amazon has over 4 lakh sellers on its platform and sees about 15 percent to 20 percent of order volumes being turned by consumers after delivery, the report added.
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