NEW DELHI: E-commerce enabler Shopmatic has decided to tweak its transaction model to remove the monthly hosting fees for subscribers. The platform will now only charge 3% transaction fees to merchants going online, making it easier for businesses to embrace ecommerce.
Shopmatic plans to onboard five million customers over the next couple of years, and is launching a slew of initiatives for this. In a statement, Anurag Avula, CEO & Co-Founder, Shopmatic, said, “Our transactional model, that entailed Rs 50 hosting fees and 3% of every successful transaction, was launched with an understanding of Indian entrepreneurs and their preferences. We are inviting all businesses …
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