Benefits to the sellers includes fee waivers, faster disbursement cycles, priority seller support and free account management
Amazon India has launched 'STEP' which the company claims is a performance-based benefits programme. Amazon claims this will help seven lakh sellers on its platform to accelerate their growth.
The new STEP programme was planned to launch much earlier but was deferred to latter date. Now the company has finally introduced a revised fee structure. Amazon claims the new programme simplifies the seller experience by providing customised and actionable recommendations which help sellers improve key customer experience metrics and in turn their growth.
By improving performance, sellers can unlock benefits across multiple levels like ‘Basic’, ‘Standard’, ‘Advanced’, ‘Premium’ and more. These benefits include fee waivers, faster disbursement cycles, priority seller support and world-class free account management, the statement added.
"Using customised and actionable recommendations, STEP enables sellers to improve key seller controllable metrics like cancellation rate, late dispatch rate, return rate, among others. Based on their performance, sellers can access benefits like online and offline training, fee waivers, faster disbursement cycles, and free account management," it said.
The new STEP programme will initially provide all sellers with the ‘Standard’ benefits from 1 December 2020 till 31 March, 2021. The company will assess the performance of sellers from the 1 January 2021 till 31 March 2021 and then award ‘Basic’, ‘Advanced’, ‘Premium’ and others based on their performance. All sellers will get an opportunity to upgrade their level and corresponding benefits based on their performance every quarter, it added.
"STEP empowers sellers of all sizes and tenure to drive their growth on Amazon.in by focusing on their performance on key metrics which matter to customers. STEP provides objective and transparent criteria along with benefits designed to help sellers improve their performance on these metrics in a predictable manner," Amazon India Vice President Manish Tiwary said.
He added that the company has carefully crafted each element of the programme to ensure its sellers can provide a great customer experience and in turn, grow and be successful on Amazon.in.
The revised fees on Amazon are linked to STEP levels and include waiver on weight handling fees and lightning deal fees as part of STEP benefits, the statement said.
In addition, there will be reduction in closing fee charges for products in low price range ( ₹250-500) and zero disposal fees for items shipped from Amazon fulfilment centres, it added.
"Amazon.in has taken several initiatives this year to help its seller community of more than seven lakh sellers overcome obstacles and get their businesses back on track," the company said.
These include free COVID-19 health insurance (offered by Acko in partnership with Amazon), on-demand payment disbursement, relaxation in performance metrics, fee waivers on inventory storage fees and 50 per cent waiver on ‘Sell on
Amazon’ fees for small sellers, and deferring its marketplace fee revisions to December 2020, it added.