01-26-2021, 09:14 AM
(01-24-2021, 07:12 PM)tbelldesignco Wrote: So from my findings, Route+ figures out their premium by charging 2.5% to the customer. So for my $0.98USD they figured out the premium cost of $40.50USD.
Route is free for merchants to implement and they only collect a service fee if your customer opts for Route+ while checking out. I wasn't able to find information on what territories they support, but it seems they have a global deployment model. You might be able to find more information on their merchant page found here https://route.com/merchants.
Oh wow that is really great, I just visited their page and I really liked their USPs and their model.
I read their insurance policy and that really helped understand more about their global coverage and limitations, I'll add an excerpt here
Quote:To and from ports and or places in the World to ports and or places in the World with privilege of transshipment by land and/or water; however, shipments to/from Afghanistan, Iran, Iraq, Somalia, Sudan and truck/rail shipments to/from/within Mexico other than as a connecting conveyance are excluded entirely. Also including domestic shipments within the United States and/or Canada. All other domestic shipments are excluded unless specifically endorsed hereon.
Regardless of the Duration of Risk clauses found elsewhere in this Policy, coverage for shipments to Haiti, Nigeria, Pakistan, and the Commonwealth of Independent States (CIS) ceases upon discharge from the ocean vessel or aircraft. The CIS presently includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan.