What:
Spott has launched Pay-As-You-Sell liability insurance for e-commerce sellers to start paying insurance premiums based on how much they sell – never exceeding the original premium amount.
Why:
Spott created Pay-As-You-Sell to enable eCommerce sellers to pay for insurance in relation to actual sales on an ongoing basis removing the need to pay thousands of dollars upfront and instead focus on selling without fearing losses that could cripple their margins.
How:
- The Pay-As-You-Sell offering uses Spott’s data-powered technology to collect and analyze business data in real-time and glean insights from observable high-granularity data.
- When signing up through Spott’s fully digital process, insurance kicks in immediately, and payments are based on how much eCommerce merchants actually sell.
- This pricing approach ensures that sellers never pay more than the alternative full payment model, allowing eCommerce sellers to better manage their cashflow and protect and fortify their financial stability.