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Buysafe Announces Trading Assistant Bonding Program

February 11th, 2008 by Skip McGrath

eBay’s new insurance requirements for REDOLS (Trading Posts) requires a $25,000 bond to protect consignors from fraud

A bond is basically an insurance policy that protects a consignor (someone who gives you goods to sell) from a trading assistant selling their goods on eBay and getting paid for them, but not paying the consignor.  When eBay revised the trading assistant program, they required a $25,000 bond for trading assistants who wanted to be listed as Registered eBay Dropoff Locations (REDOL) which is eBay’s new name for a trading post –a consignment seller who has a store or locations where consignors can drop merchandise off for sale.

 

 

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