We offer two types of Protection fee structures to ensure product delivery with a minimum charge from the customer.
I. Fixed Plans:
These plans have a fixed minimum and maximum cart value, and a set insurance amount to be charged. You can create up to 99 plans based on multiple cart amount-based price tiers. If you want to collect on higher cart values, fixed plans based on cart values are recommended.
Steps to Create a Fixed Plan:
Go to Protection Fees.
Select Fixed Plan.
Choose plans based on cart value from the top right drop-down.
Enter the minimum and maximum cart value with a specific % to be collected.
Click on Calculate.
It will create 99 plans that meet your requirements based on your inputs.
ii. Percentage Insurance Plans:
In this plan, you set a default amount of protection fees and percentage fees, which increment by 0.50 starting at the default fee to a maximum of Default Fee + (98 * 0.50). You can fix the percentage fee according to your product selling frequencies.
Note: If the shipping protection amount is not updating after a certain limit for percentage plans, fixed plans are recommended.
Global Rule:
If none of the plans apply, a particular amount decided by you will be charged as an protection amount, called the Global Rule. A maximum charge is feasible, provided it is reasonable.