Flipkart reveals new payment method to reduce order returns and cancellations

Friday 17 July 2020 12:00 CET | News

Flipkart has launched a new payment method that lets customers pay some amount for a product and the balance on delivery, aiming to reduce returns and cancellations.

In an email to sellers, the Walmart-owned ecommerce company said ‘Part-Payment’ would encourage pre-paid transactions. Business standard reports that customers can pay the remaining amount in cash when a product is delivered or either by online transaction. The rate card will remain the same for 'part payment' orders.

Flipkart told sellers ‘Part-Payment’ would help them get higher GMV (gross merchandise value) growth and reduce cancellations. 

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Keywords: Flipkart, payments, order returns, online transactions, ecommerce, GMV
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce