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Amazon lower certain fees for third-party sellers

FILE PHOTO: The logo of the web service of Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/File Photo

(Reuters) – Amazon.com Inc is going to lower some fees charged for these costs from third-party sellers on the market, the company said on Thursday.

The market for third-party device vendors, who are responsible for more than 50 percent of the total number of units sold on Amazon, to sell their wares on the e-commerce giant’s website and app.

“We expect that the newly announced marketplace fee changes to a slightly lower overall rates, but with the advantage of a better product selection and volume,” analysts at Baird said.

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

Reporting by Vibhuti Sharma, and Jeffrey Dastin in San Francisco; Editing by Arun Koyyur

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