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Temu operates as an online store, carrying cut-price merchandise from self-employed sellers. More than 100,000 of them are based in China , according to Marketplace Pulse, a research firm.
Temu requires its sellers to offer their products at prices lower than those found on AliExpress. [37] When multiple sellers offer the same product, Temu authorizes only the one with the lowest price. [37] Items not meeting Temu's minimum sales requirements (30 pieces and $90 in 14 days) are removed from the platform. [37]
The name “Temu” is short for “Team up, price down,” reflecting Temu’s focus on using economies of scale to continuously drive down costs and prices for consumers.
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After years of investing in self-checkout machines, some major retailers are starting to reverse course. Dollar General said it has eliminated self-checkout options at about 12,000 locations, a ...
A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
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