Insurtech Startup Spott Introduces Suspension for Ecommerce Businesses
Spott, a company that strengthens e-commerce businesses with data-driven insurance, today announced the launch of suspension coverage for its e-commerce marketplace. An innovative new offering allows e-commerce merchants to protect their online stores with a convenient one-click coverage solution that helps prevent account suspension from impacting business profits.
61% of online sellers are most afraid of a suspension or permanent ban on selling on top marketplaces. With millions of sellers dependent on top market platforms like Amazon and eBay, losing trading privileges is surprisingly common. Fighting suspension through the appeals process is lengthy and tedious and often results in loss of revenue, reputation and customer trust.
Spott’s all-new suspension offering for e-commerce merchants provides 24/7 monitoring to mitigate the risk of suspension, as well as support through the appeals process to ensure account recovery is fast. This is achieved by leveraging the company’s unique data-driven capabilities to assess, prevent, and recover from suspension events for merchants in the marketplace.
Spott Suspension Coverage for Proactive Prevention includes:
- An automated audit service that ensures that e-commerce merchants comply with dynamic marketplace policies.
- Prevent suspension by constantly monitoring enforcement activity, identifying potential threats before they can be classified as a breach, and real-time suggestions for quick fixes.
- Expedited Appeal Process where Spott manages the appeal from start to finish to resolve the issue quickly so that account downtime does not affect the bottom line of e-commerce businesses.
“On a daily basis, e-commerce merchants are suspended, denied, or blocked from marketplaces, seriously impacting their revenue and reputation. We’re excited to expand our product suite to include this revolutionary suspension coverage and provide the much-needed security for ecommerce merchants.” said Amit Batsir, co-founder and co-CEO of Spott. “By helping to reduce the risk of account suspension and limit the damage it causes, we are fulfilling our mission to strengthen e-commerce businesses and ensure their financial sustainability.”
The announcement follows Spott’s revolutionary pay-as-you-go premium model, which allows e-commerce businesses to pay for insurance based on how much they sell, never exceeding the original premium amount.
The Insurtech Startup Spott post represents a suspension for e-commerce businesses first seen on Fintech Finance.
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texasstandard.news contributed to this report.
