How do AfterShip Protection charge for the premiums?
1. How much does AfterShip Protection charge for premiums
AfterShip Protection is a free service, we only charge premiums for the insurance company from you. Because your consumers pay for the premiums to you first, so we need you to transfer the premiums to us.
We charge a premium of $1.5 for every $100 order value.
- For an order with a total value of $99, the premium charged will be $1.5.
- For an order with a total value of $110, the premium charged will be $3.
The insured amount only covers the order amount after the discount, not including the Shipping fee and Tax fee.
The insurance company will adjust the premium fee rate based on your claim ratio. If your monthly claims ratio increases, the insurance company may increase the premium fees based on the actual situation.
2. How do you transfer for the Premiums to us
At the beginning of each month, we will charge the premium fee for the last month, and it will be deducted from the registered credit card.
For the claim paid amount. If the claim is approved, the compensation will be sent to you, and the claim paid amount of last month will be deducted together from the premiums you’re going to pay.
If the difference between the premium and compensation is positive, it will be deducted from the credit card. If the difference is negative, we will transfer the remaining amount to your PayPal account.
Updated on: 25/05/2023