Ebay India has recently announced that it will be enabling EMI payment options on almost all listings barring a few categories. While their announcement doesn’t give any dates, it is expected to happen in a few weeks or so.
Previously, if a seller wanted to allow EMI payment option on a product, they would have to separately select the PaisaPay EMI option. With this new announcement, sellers don’t have to do that. EMI is available by default on Paisapay. So if you select PaisaPay, Ebay India will automatically enable EMI on your listing.
Online Sellers who may be wary of customers not willing to pay EMI payments later do not have to worry in this case. Even though a customer selects an EMI payment option, EBay India will give you the whole amount during your remittance cycle. The buyer will have to pay the EMI to their bank which issued the credit card.
Is there a separate charge for this?
No, Ebay India has said that there will be no separate cost for enabling EMI payments. Sellers will be charged the normal PaisaPay charge of 4.5% on every product.
So which categories are excluded from this announcement?
1. Coins and Notes
4. All categories under Gold and Silver ( under main category Jewellery & Diamonds and sub-category Precious Metals Bars and Coins).
What does this move mean for the Seller?
We think this is a very good move by Ebay India. Enabling EMI on most listings makes it easy for a buyer to purchase goods. This will definitely result in an increase in sales, which in turn will affect sellers positively. The best part about this is that sellers need not make any extra effort and worry about EMI payments from customers. The process will be taken care of by Ebay India and the respective banks.