US ending 'de minimis' exception hits cross-border payment firms
Cross-border payment firms anticipate a 15-25% drop in India-US ecommerce shipments due to the US ending the de minimis exemption on August 29. This change will disproportionately affect small businesses exporting handicrafts, textiles, and jewelry. While exporters might shift to sea shipments or explore new markets like the UAE and UK, the immediate impact includes shrinking margins and increased paperwork.
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US ending 'de minimis' exception hits cross-border payment firms
Synopsis Cross-border payment firms anticipate a 15-25% drop in India-US ecommerce shipments due to the US ending the de minimis exemption on August 29. This change will disproportionately affect small businesses exporting handicrafts, textiles, and jewelry. While exporters might shift to sea shipments or explore new markets like the UAE and UK, the immediate impact includes shrinking margins and increased paperwork.
