Your Amazon purchases may be more expensive starting next month

Amazon purchases may become more expensive starting next month, as the online retailer plans to raise its commissions from sellers on the platform. According to reports, Amazon plans to charge all sellers a higher commission as the company seeks to cut costs amid market uncertainty.

As mentioned in ET’s report this month, Amazon making these changes could directly affect the products you buy from the platform, as higher commissions could make you pay extra for Amazon products from June onwards. According to the report, the increase in premiums will affect products in categories such as electronics, eyewear, clothing and many others.

Online shopping has grown in the country thanks to attractive discounts and lower prices than the offline price of products. But these changes, which will come into force next month, could have a serious impact on the number of purchases on the platform and the amount of purchases (monetarily).

The report doesn’t say how much prices will increase on the products, but it suggests that any changes in commissions charged by Amazon, such as a 2 percent increase, could be passed on to the consumer.

Amazon has reportedly said that the reason for the increase is related to a change in market dynamics and various macroeconomic factors, suggesting that the company will focus on cutting costs and paying sellers going forward. Amazon has already implemented mass layoffs globally and in India, so the decision to review compensation is not surprising.

It can be said that the prices of the products have increased drastically in the last 12 months, so a further increase is not ideal for both Amazon and its customers. Online retailers occasionally have special discount days, but even then, if people buy more of the same products from next month, it could benefit offline sellers to some extent.

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