Once signed up, merchants offering a shipping warranty powered by Guardia One will be billed weekly at the following formula:
Amount of shipping warranties purchased + replacement cost for filed cases - earned commission credit.
Whenever a customer files a case with us we will place a replacement order in behalf of the customer. Note that while we do bill merchants for this amount, they have collected the revenue from these replacement orders which essentially balances out the amount billed.
Every time a customer includes the shipping warranty in their order you, as the merchant, will receive commissions equal to a percentage of the shipping warranty amount which will be designated at merchant sign up.