The Open Network for Digital Commerce (ONDC), India’s open ecommerce protocol, is likely to begin charging platforms a ‘small fee’.
This fee will go towards the network’s’maintenance and development,’ according to T Koshy, managing director of the non-profit protocol, at the unveiling of the office headquarters in Delhi. While he did not specify the amount, Inc42 previously reported a 1.5% transaction fee from both the buyer and seller sides of the transaction. According to reports, this is still seven to ten times less than the typical online-selling commission rate of 23% to 28% on other ecommerce platforms.
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The Open Network for Digital Commerce (ONDC), India’s open ecommerce protocol, is likely to begin charging platforms a ‘small fee’.
This fee will go towards the network’s’maintenance and development,’ according to T Koshy, managing director of the non-profit protocol, at the unveiling of the office headquarters in Delhi. While he did not specify the amount, Inc42 previously reported a 1.5% transaction fee from both the buyer and seller sides of the transaction. According to reports, this is still seven to ten times less than the typical online-selling commission rate of 23% to 28% on other ecommerce platforms.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
