Mumbai : E-commerce website Flipkart has launched the part payment option. Under this, customers can pay a little money while purchasing a product and later there will be an option to pay full money.
According to a media report, Flipkart, a Walmart company, has sent an email to its sellers saying that part payment will encourage prepaid transactions.
While making the purchase, you will be able to make some payments and there will be an option to pay all remaining amounts after the product is delivered.
Customers can pay the remaining amount in cash or by other online means when a product is delivered. The rate card will remain the same for ‘part payment’ orders, Flipkart wrote to its sellers. The rate card basically comprises fixed fee, commission, shipping fee, and the collection fee.
However, the collection fee would be charged by the seller in two parts from the customer. A part of the collection fee would be charged at a prepaid amount and another would be charged on the postpaid value of the product.
Flipkart, it may be recalled, was the first in India to introduce cash on delivery and no-cost EMI options.