Stocard launches free, unconditional buyers’ protection with Stocard Pay to offer a holistic shopping experience

This article is brought to you by Retail Technology Review: Stocard launches free, unconditional buyers’ protection with Stocard Pay to offer a holistic shopping experience.

Stocard, the European mobile wallet, has launched a free buyers’ protection for all Stocard Pay users. All purchases made, both, online and offline, with the virtual Stocard card are insured for 45 days and for an amount up to 250 euros.

To offer this additional service, Stocard partners with Moonshot, the B2B2C InsurTech dedicated to e-merchants created by Societe Generale Insurance. This launch brings Stocard to their goal of becoming Europe‘s financial super app.

With the free post purchase protection, products paid with Stocard Pay are protected against damage, breakage and theft. This means customers can get their money back for anything that is damaged, broken or stolen within 45 days after the purchase - even if they damaged it themselves. For now, the amount covered by the insurance partner Moonshot is 250 euros. Stocard Pay clients can report the damage directly through the Stocard app. 

The product protection by Stocard is the only free insurance offer linked to a payment card in Europe. The offer will be rolled out progressively to all Stocard Pay users. Stocard Pay and the product protection is available in Germany, France, Italy, the Netherlands and the United Kingdom for, both, Android and iOS users.

Björn Goß, CEO and co-founder of Stocard says: “We’re very proud to offer a free product protection to all our Stocard Pay users. With the launch of Stocard Pay last year, and the expansion to online payments a few months later, we already made a huge step forward on our road to a comprehensive mobile wallet. Offering a free insurance now, adds another value for our customers and brings us nearer to our goal of becoming Europe‘s financial super app. 

“You could already ask yourself: „why should I use any other card?“, but it is only a glimpse to the future of what users can expect: enriching services around their daily shopping; and in collaboration with our retail partners, we will be able to offer even more value and products in the future.”