Competition between platforms is heating up: cutting commissions, speeding up settlement

Competition between platforms is heating up: cutting commissions, speeding up settlement
Competition between platforms is heating up: cutting commissions, speeding up settlement
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Published: 2024-04-25 09:11

Photo of Judita Grigelytė (VŽ).

The largest PHH Group platform in the Baltic States and Finland, operating in Lithuania under the name Pigu.lt, has reduced commission fees for sellers of some categories since April, while its competitor Varlė offers extremely fast settlement and does not have any fixed fee – commissions are only applied after sales the item. All these actions show more than just market dynamism.

Experts familiar with various trading platforms say that manipulation of commissions is one of the more popular tools for achieving different goals. Reducing part of the tax on the price of the product for the platform can be related to …

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Theme “Trade”

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The article is in Lithuanian

Lithuania

Tags: Competition platforms heating cutting commissions speeding settlement

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