Olx and Quikr will now face competition from Amazon P2P

Amazon has invested a lot of interest and investment in its India unit, of around Rs 7,000 crore in this financial year. Latest move being, launching a pilot of its P2P service in Bangalore, enabling individual users to sell locally in their own cities.

Currently, this service is made available at amazon.in/p2p. This also includes doorstep pick-up, packing and delivery and is currently termed as ‘Sell as Individual’ service to its users.

Earlier, Amazon had started selling unboxed and refurbished electronic products on Junglee, a few months before it did so on its primary website. So, it has now integrated its P2P selling platform Junglee with its own horizontal marketplace to allow individuals to sell new and used items online.

Interestingly, this move gives Amazon an upper hand above its biggest competitor Flipkart in India. However, it also opens doors for new competitions like Olx, Ebay and Quikr. This innovative point-of-sale payments service for local merchants using technology is definitely a welcome move.

In order to list your products, users need a valid Amazon account. After which, users can add used or new products to be sold in categories including books, fashion jewelry, mobiles, watches, video games, laptops, and tablets. The item for sale will be uploaded along with a mandatory photo, title and price, and other personal details for pick-up.

This advertisement for sale is then posted on Amazon, and if someone shows an interest, a doorstep pickup is arranged by the company. Amazon picks, packs and ships the product, and the merchant will receive their money in 3 to 5 days time.

At present, the service will cost individual sellers Rs 10 per item sold below the value of Rs 1,000, Rs 50 per item sold between the values of Rs 1,000 and Rs 5,000 and Rs 100 per items sold above the Rs 5,000 mark. As part of the introductory offer,  the company is offering extra Amazon Pay balance for users selling used products.