Amazon to lower some fees it charges third-party sellers Inc is going to lower some fees it charges third-party sellers on its marketplace, the company said on Thursday.

The marketplace unit allows third-party sellers, who account for over 50 percent of the total units sold on Amazon, to sell their wares on the ecommerce giant’s website and app, reports Reuters.

  Learn about the COVID-19 pandemic from News Hour  

“We expect newly announced marketplace fee changes to slightly lower overall take rates, although with the benefit of greater product selection and volume,” analysts at Baird said.

The analysts said the move would help the company better compete with retailers such as Walmart and Target.

Follow News Hour
News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments
Scroll Up
%d bloggers like this: