Message:

<p>[QUOTE=&quot;afantiques, post: 2785329, member: 71234&quot;]<i>Let&#039;s say that I tell the seller that I will assume risk. But then the coin is lost.</i></p><p><br /></p><p>So you forget about it. Just one of those things. If you make a PP claim it is the seller who fumds the refund, not Paypal, and this is contrary to your undertaking with the seller.</p><p><br /></p><p><i>But the former statement implies that they cover items that were never shipped by a fraudulent seller</i></p><p><br /></p><p>Paypal will want at least evidence the item was shipped. This implies some form of tracked mail, which from most countries adds far more expense than the actual risk merits.</p><p><br /></p><p>It would have cost me, at the time, about the equivalent of 9 dollars extra for tracked shipping. Untracked I put 1 dollar in my rainy day self insurance fund for every package. Far cheaper for the buyer. I must have saved my buyers $80,000 in wasted money and my actual losses including damaged items probably came to no more than $1000 over 10 years. Since I did not pay anyone else for insurance I got to keep all the surplus self insurance money not used for refunds.</p><p>Where there is no possibillity of a catastrophic loss, as there could be with auto or house insurance, it often makes sense to assume the risk yourself, insurance companies are in it for a profit, sp keep that profit. No messy claims procedure either.</p><p><br /></p><p>A bit off topic but I think people do not really think paying for insurance all the way through. They just do it.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in