posted on November 10, 2009 12:02:24 PM new
set up my shipping on eBay to accurately reflect the actual insurance cost for USPS shipping? I'm tired of eating the difference between $1.70 and the actual cost.
posted on November 10, 2009 02:17:19 PM new
According to USPS,the actual cost is the cost you paid for the item,not the cost your high bidder paid,so when you are ready to list the item,add the cost of insurance to shipping and handling.
if the item costs you 50 and then you insure it for 50.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on November 10, 2009 02:31:35 PM new
"if the item costs you 50 and then you insure it for 50."
And if I sell it for $300.00 and it's lost or damaged my buyer or myself eats $250.00 loss. I don't think so.
posted on November 10, 2009 03:30:53 PM new
You did not incur a loss,you just lost the chance of making a profit of 250 dollars.you refund your buyer 300 dollars as if he has never bought it from you and you get 50 from the insurance company so you recover your cost.
Try to close your eyes and imagine the transaction never take place!
Say if you sold a yellow page phone book to someone in the Arctic who has never seen a yellow papge phone book for one million dollars,do you think the insurer is going tp pay you one million if it is lost or stolen?
i dont think so.
lets hear it from the other Vendio members,we have gone thru this before.
I am not making this up,when I first started selling on Ebay,this is the lecture I heard from the post office.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on November 10, 2009 03:39:39 PM new
From USPS website:
# Declared Value
# For a detailed list of acceptable evidence check the General Filing Instructions in the Domestic Mail Manual.
Evidence of Value
Submit evidence - such as a sales receipt or invoice - showing the value of the article when it was mailed. For a detailed list of acceptable evidence check the General Filing Instructions in the Domestic Mail Manual.
For Internet transactions conducted through a Web-based payment network, provide a computer printout of the online transaction identifying the purchaser and seller, price paid, date of transaction, description of item purchased, and assurance that the transaction status is completed. The printout must clearly identify the Web-based payment network provider through which the Internet transaction was conducted.
posted on November 10, 2009 03:42:13 PM new
Just had a USPS claim approved and paid off
in a record 7 days from filing.
This was my first in about five years and it turns out that it is now all done online which really sped up the process.
Anyway, I uploaded the eBay auction page as my proof of what the item was, and uploaded a copy of the bidder's payment as proof of what was paid.
Obviously these were the amount the buyer paid, not what I paid, and there were no problems at all.
posted on November 10, 2009 04:15:24 PM new
How about this-
Since the question is how do you figure insurance cost into shipping and handling when you list an item on Ebay?
You know how much you paid for the item and you would like to sell it for x dollars,then insure it for x dollars,if it goes over x dollars,then use some of that windfall to pay for the extra insurance premium.
You listed a watch which cost you 50 dollars,you think it will go for 100 but the final bid comes to 120,well then use part of that 20 to pay for the additional premium for insuring the item.
If it ended up at 90 dollars,you dont have a problem as your shipping and handling included buying insurance for 100 dollars watch.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on November 10, 2009 06:16:22 PM new
So what you're saying is that eBay doesn't have the ability to program insurance cost on the actual sale price?
posted on November 10, 2009 07:31:58 PM new
Is it Ebay's job to figure insurance cost of your item?
There is USPS insurance,there is UPS and Fed Exp and then there is U-PIC and DSI.
And some insurers do not want to insure certain items such as antique musical instruments and some countries they dont want to insure.
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There is no 'Global savings glut',only wild horses and loose bankers.
