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Last Post Nov 8, 2009 6:00 AM by: irishann0107
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irishann0107
Posts: 3

bond to become trading assistand (REDOL).

Nov 6, 2009 3:26 PM
i'm trying to sign up for the ebay trading assistant (REDOL) program. Ebay requires a $25,000 personal bond. My bond writer wants to know what kind of bond specifically. he says there are 1000s of bonds so he needs some specificity. thank you.
irishann0107
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shopitla
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Re: bond to become trading assistand (REDOL).

Nov 7, 2009 2:54 PM
Congratulations on becoming a REDOL. I suggest you contact buysafe.com- this is the compny we have our bond with , and they know all about the eBay requirements.

Also please consider joining our eBay REDOL group

( under groups) thanks amy

SHOPITLA
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irishann0107
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Re: bond to become trading assistand (REDOL).

Nov 7, 2009 4:35 PM
thank you very much. i'm happy to join. can you tell me if they call the bond a 'surety' bond?
thanks
irish ann
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decorators_exchange
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Re: bond to become trading assistand (REDOL).

Nov 7, 2009 6:21 PM
Ann...this bond will guarantee your consignors are paid if for some reason you flake. Not sure if that's a surety bond, or what you call it, but do check buysafe's rates against your own broker...shop around, but then remember that buysafe IS integrated with eBay..there will be benefits to using them.

Karen

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ezad_services
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Re: bond to become trading assistand (REDOL).

Nov 7, 2009 8:36 PM
This is a 'surety bond' and you will need to obtain the specific bond form to provide your agent for review by bond underwriter. You are probably better off getting this bond directly through BuySafe's bond program with Liberty Mutual. The annual premium is $250 for a $25,000 limit. The minimum annual premium charged by all bond companies is $100. As this is bond is not on a 'standardized form' as most common bonds but rather a 'manuscript bond form', I am sure the bonding company would probably charge the same $250 annual premium if not more.

(My day job is working as an insurance agent. I have been a licensed insurance agent here in Texas for 20+ years and have written many bonds in addition to other insurance lines.)

MAGGIE

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irishann0107
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Re: bond to become trading assistand (REDOL).

Nov 8, 2009 6:00 AM
thanks...i've emailed buysafe so i'll see what they say.
ann
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