E-Commerce · EBay

Competing with eBay - how to get Buyer and Seller protection like on eBay for my marketplace?

Max Avroutski

August 30th, 2013

I am working on a creating a competition for eBay and I think one of the key value propositions could be providing Buyer and Seller protection similar to eBay's.

Back in 1990's eBay had Lloyd's of London provide protection up to $200 I think, now eBay covers much larger amounts.

So, 2 questions:
1) Should I even spend my time on Buyer and Seller protection like on eBay - is it essential ?

2) Anyone know the name of the insurance product that would do that?

Or, besides having deep packets yourselves, what would be the other ways of offering partial or full Buyer/Seller protection in case ether would take money/product and run?

Thanks in advance.
Max
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Mark Sendo Founder, CEO, Forbes Contributor, Conference Speaker, TechCrunch featured story twice

August 30th, 2013

What's Yiur marketplace Sent from Mark's iPhone5, please excuse misspelled words & phrases

Mohammad Forouzani CEO at Forecast.net

August 31st, 2013

You could provide an escrow service - but that is very high maintenance and only really worthwhile for high pricetag products.

Jesal Gadhia

August 31st, 2013

Checkout https://www.balancedpayments.com which provides escrow services for a marketplace at a reasonable price.

Alan Peters VP Product and Technology at BusinessBlocks

August 31st, 2013

Could you just sell the insurance yourself and then pass the risk on to a reinsurance company?