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Why do I need to estimate the value of my items?

Why do I need to estimate the value of my items?

Updated over a week ago

When listing an item, you’re required to estimate its value to help verify the transaction securely.

Why Is This Important?

  • The estimated value helps determine coverage under the Lender Guarantee.

  • If you need to make a claim, we can only cover your item up to the amount you set—so it's important to provide an accurate estimate.

How to Add or Update an Item's Value

When Creating a Listing

  • Use a proof of purchase or estimated market value to ensure accuracy.

  • The value field is required before publishing your listing.

To Update the Value of an Existing Listing

  1. Go to your Listings.

  2. Click on the ad you want to update.

  3. Select "Edit ad."

  4. Scroll down to the value field and update it.

  5. Click "Update ad" to save your changes.

By ensuring your item’s value is accurate, you help protect your listing and ensure proper coverage if needed.

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