Understanding Real-Time Shipping Rates: Their Importance in eCommerce

Whether you’re a consumer or an online seller, one element stands out in the buying and selling process: real-time shipping rates.

Recent studies have shown that the average shopping cart abandonment rate for online retailers hovers between 60% and 80%, with an average of 67.91% of potential buyers dropping out before completing their purchase. But why?

A huge percentage of these lost sales can be directly linked to unexpected shipping costs. Think about it: how many times have you reconsidered an online purchase upon seeing the shipping cost? In fact, when it comes to eCommerce delivery decisions, consumers believe the cost of shipping is 2.85 times more important than delivery speed.

The sellers on the other side often struggle with this, having to either choose flat rate shipping or make a rough estimate of the cost. Both approaches come with pitfalls. You either end up undercharging, which eats into your profits, or overcharging, which might turn potential customers away.

This is where real-time shipping rates come to the rescue. By integrating these into your online store, you shift the decision-making process to the buyer. This can increase your conversion rate, decrease cart abandonment, and amplify your sales volume. Most importantly, it ensures a transparent and satisfactory shopping experience for your customers, making them more likely to return. In the evolving landscape of eCommerce, understanding and implementing real-time shipping rates is no longer a luxury—it’s a necessity.


How Do Real-time Shipping Rates Work?

To access real-time shipping rates, sellers can collaborate with leading couriers like FedEx, UPS, USPS, and more. These partnerships facilitate access to shipping rates in real-time based on key information such as package size, weight and destination.

As an online seller, you have the ability to key in your standard package size/weight or to customize each product in your shop with actual package specifications.

From a buyer’s perspective, the magic unfolds during checkout. Once they add a product to their cart, the system, powered by real-time shipping rates, recognizes the product’s parameters. It then immediately displays the best shipping options by carrier, sortable by cost or speed. This transparency empowers the buyer, allowing them to decide on the delivery speed, the amount they wish to spend on shipping, or even their preferred courier.

This is a huge benefit to both buyers and sellers as it takes out all of the guesswork on the sellers end and gives the decision making to the buyer.


How Does PaidShipping Make Real-time Shipping Rates Easy to Activate?

PaidShipping’s advanced eCommerce solution seamlessly integrates with leading eCommerce platforms and shopping carts, including Shopify, Opencart, WooCommerce, and Magento. By utilizing the PaidShipping application, you can swiftly activate real-time shipping rates within your store, and the best part? It’s absolutely free.

For each eCommerce platform, there’s a concise instructional video to guide you. This ensures your real-time shipping is up and running within minutes.

What’s more, partnering with PaidShipping offers an added advantage by giving access to exclusive discounted shipping rates!


How Effortless Is Shipping With PaidShipping?

Whether you’re leveraging eCommerce platforms or navigating directly through the PaidShipping app, shipping with us is done in 4 quick and easy steps.

  1. Detail Your Shipment – Provide the specifics of what you’re shipping. Check some of the things to remember when planning your shipping.
  2. Compare and Select Your Rates – Browse through the available options and select the rate that’s right for you. Here are some tips to ensure you never have to see a shipping adjustment.
  3. Pick Up or Drop Off? – Decide the most convenient method to dispatch your package.
  4. Print and Attach Your Label – With just a click, get your label ready, print it out, and attach it to your package.

  Eager to delve deeper? Discover more about PaidShipping, our Real-Time Rates, and how partnering with us translates to time and monetary savings.

Why Do You Need Shipping Insurance

Many shipping companies, understanding the value of shipping insurance, make a point to tell their shippers and package handlers to treat every package like they are handling Grandma’s cookies. Handle the packages with care, place & stack gently, and always assume that whatever is inside is breakable. However, despite these precautions, 21% of oversized online purchases arrive damaged. We all hope that the shippers will handle packages with care, but sometimes accidents happen. This unpredictability, combined with the alarming rate of damage (especially for oversized items), underscores why insured shipping is so crucial. Shipping insurance protects your package contents and covers your goods for loss or damage. Without adequate insurance for shipping, all packages are handled, stored, and carried at the shippers, owner’s, and consignee’s risk.


How Is Shipping Insurance Calculated?

PaidShipping is known for having one of the best shipping insurance plans in the market. With our shipping insurance, when insurance is requested – we cover the first $100 of the package value for free. If your item is worth $100 or less and arrives damaged, our shipping insurance will reimburse you the value of the item, up to $100. This is done through our streamlined and simplified online claims process; more on this below.

For any shipments valued over $100, insurance for shipping starts at a small fee of $2.50. From there, we use a calculation to determine fees on a sliding scale. To simplify, you’re looking at about $1.50 insurance per $100 of package value with our shipping insurance plan.If you shipped and filed a claim directly with the shipping company, you would be paying substantially more for your shipping insurance, and the claims process would be much longer.


What Happens if My Shipment is Damaged?

Not only does PaidShipping offer one of the best shipping insurance plans in the industry, but we also boast one of the fastest, easiest, and most streamlined claims processes. If your package, covered by our shipping insurance, arrives damaged, the entire claims process is done online, from claim submission to payment.

What makes the PaidShipping claims process so simple? For starters, it’s a very straightforward online form.


How Do I Make an Insurance Claim?

Our shipping insurance claims process could probably not be any easier!

In your shipping dashboard, you will see a “Make a Claim” button. From there, you answer a few questions, and your shipping insurance claim is submitted.

You’ll notice that all of your information has already been filled out, meaning less work for you! Simply scan the information to ensure it’s correct, fill in any missing details or provide required information about your shipping insurance claim, and submit.

If our claims team has any questions, they’ll reach out to you. Otherwise, the process will commence immediately, and you’ll be updated on the progress.

Some things to consider when evaluating shipping insurance and choosing your shipping provider:

  1. Carriers’ Shipping Insurance Costs
  2. PaidShipping’s Shipping Insurance Claims Process
    • PaidShipping’s shipping insurance claims are all done online.
    • Our claims, on average, take about 3 weeks to resolve.
    • Your payments can be made via PayPal, e-transfer, or check: your choice.

PaidShipping has gone to great lengths to ensure a better than industry standard shipping insurance and claims system.  Put your trust in our insurance so that you can rest easy knowing that no matter what happens, you, your package and the recipient will be taken care of!