What is Wallapop insurance and why do you have to pay for it at the Post Office

Wallapop Protect is an insurance that allows you to carry out any transaction within this trading platform with total security. This option is available when shipments are made through Correos and, in a very simple way, prevents possible scams or fraudulent use of the application. In this way, both the seller and the buyer are protected. Wallapop Protect was launched in 2017 with the aim of improving the user experience when making shipments.

The operation of shipments by Wallapop is extremely simple. During the conversation with a seller, all you have to do is click on Buy to start the process. At that time, a purchase form will appear in which it is possible to verify all the data, request a price change or add any compatible payment method. If we are satisfied, we must do nothing more than confirm the purchase. The final price includes shipping costs and, of course, the Wallapop Protect fee Now we just have to wait for our purchase to arrive. But what if there are problems?

Why Wallapop insurance is important when shipping with Correos

Insurance Wallapop Protect is mandatory That is, there is no way to avoid it, unless the company launches a specific promotion.However, the added security it offers is a good incentive to assume this cost. For example, thanks to this security system, the money we have paid out is retained until we receive the package. Not only that, but we are expected to verify that your status is correct.

Also, thanks to Wallapop Protect we are en titled to a refund, if necessary. In the event that our package does not arrive, for whatever reason, is in poor condition or does not conform to the description of the ad, we will be en titled to a full refund of the amount paid for it. We must not forget that, when buying through Wallapop, we usually carry out a transaction with another individual who, unlike a company, offers few guarantees. Wallapop Protect covers, precisely, the greatest gap in purchases between individuals.

If, despite this, we prefer not to pay for this service, we will have to make the shipment on our own or meet personally with the seller and pay by transfer or in cash.

How much does Wallpop Protect cost

There is no fixed rate that pays for the benefits of this insurance. This depends mainly on the value of the product we buy In fact, to adjust the price of Wallapop Protect, the company sticks to the final price stipulated by the seller. In this way, when paying for a product with a price of less than 25 euros, the management cost is 1.95 euros. From that threshold, the rate moves between 5 and 10 percent. Do not forget that it is not allowed to upload products with a cost greater than 1000 euros, with the exception of vehicles or real estate. Thus, lthe highest fee for Wallapop Protect will be 100 euros

As is evident, the shipping payment must be made separately. In this way, the insurance fee only covers the unforeseen events that may arise and allows both parties to be calm.However, sit is still necessary to settle the logistics costs caused by the shipment. If you are the seller, this process is completely free for you and, therefore, you should not pay for one thing or the other. On the contrary, if you are the buyer, Wallapop obliges you to assume the extra cost of insurance and shipping costs.