Amazon and Paytm have suspended money down payment alternative for every one of its requests while rivals Flipkart, Snapdeal, and ShopClues have put a top on as far as possible for money down requests.While Flipkart and ShopClues are empowering money payments for requests not as much as Rs 1,000, Snapdeal has confined money exchanges to Rs 2,000.
As per a Flipkart representative they are no longer accepting Cash-on-Delivery (CoD) payments in ₹500 and ₹1000 denomination notes. Keeping in mind the end goal to empower clients to moderate smaller notes for every day vital usage, they have limited CoD on requests beneath Rs. 1000.
Amazon has also suspended cash payments totally. “We have incidentally halted money as payments alternative for new requests. Clients that had officially put in CoD requests before midnight on 8 November can pay for their requests utilizing Cards or money of legitimate sections. For future requests, we are chipping away at contrasting options to make doorstep payments less demanding for clients by presenting an assortment of electronic payments alternatives.” an Amazon representative said in an announcement on Wednesday.
Despite the fact that the most recent demonetization conspire by the administration may prompt to transient inconvenience and fall in deals for online commercial centers, however the move will at last be gainful, since it will in the long run prompt to the decrease in the quantity of Cash on Delivery requests, along these lines enhancing the unit financial matters in the more drawn out run.
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Alankar Ganguly, From ITvoir News Desk