by VIJAYRAJ » Thu Jan 22, 2009 06:03 am
I got across online transactions insurance. Also heared that the credit cards provide 100% transactions insurance. Can anyone tell me more about this as I feel this is one of the most important news for my business?
Posted: Fri Aug 05, 2011 07:11 am Post Subject:
When you buy something by online payment then there are some laws which govern the safe delivery of goods to the buyers. DRS (Distance Selling Regulations) are applied to a sale. It is the responsibility of the seller to insure the safe delivery of the goods to buyers, and he can take insurance for the goods which he is selling. A seller can charge additional money for the insurance of goods to the buyers and buyers can refuse to pay that money. In case of any loss or damage to goods it is the sole responsibility of the seller to send a fresh product to the buyer.
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