Excerpt from: Make Money on eBay
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| February 11, 2008 | | 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. buySAFE and the Liberty Mutual Insurance Company announced that such a bond is now available for qualified TAs to purchase at: www.buysafe.com/tradingassistant. The buySAFE Trading Assistant Bond is a blanket bond that covers all consignors up to an aggregate amount of $25,000. This protection costs $250 for 1 full year of coverage. | |
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