? Question

GunBroker Buyer's Protection Program: insufficient and unpredictable

Buyers always lose money to scammers.

The GunBroker Buyer's Protection Program is not full protection against fraud. In fact, buyers always lose money to scammers because of these aspects:

  • $100 deductible
  • $400 maximum reimbursement ($500 maximum coverage minus $100 deductible)
  • No coverage for shipping, insurance, or sales tax
  • Not all claims approved

Consider the deductible alone. If you're paying less than $100, you lose everything. If you're paying more than $100, you lose at least $100.

It's also worth noting the Buyer's Protection Program offers no protection for sellers. GunBroker sellers are vulnerable to chargebacks and various scams.

It's easy to see the GunBroker Buyer's Protection Program is insufficient and unpredictable. Much of your payment is not covered, and you don't know about the rest.

The loss curve

When relying on the GunBroker Buyer's Protection Program, buyers always lose between 20% and 100% of their payment to scammers, even assuming GunBroker approves their claims. The chart below shows that buyers lose over 80% of their payment at most price points:

Percent loss (assuming GunBroker approves claim)

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This loss curve is under-stated because it does not include shipping, insurance, and sales tax. Those are always losses.

This loss curve is also under-stated because it assumes GunBroker approves every claim, when GunBroker actually denies claims frequently. When GunBroker denies a claim the buyer suffers a 100% loss.

Not all claims approved

Check out our case study of two GunBroker scams by the same scammer. One buyer relied on the GunBroker Buyer's Protection Program. GunBroker denied his claim, so he lost his entire payment. (The other buyer relied on GunTab, and lost nothing.)

Hypothetical scenarios

Analyze how much you would lose to a scammer if you rely on the GunBroker Buyer's Protection Program. The question is not whether you will lose money, the question is how much. Even if you assume GunBroker approves your claim, you will always lose between 20% and 100% of your payment.

Scenario If GunBroker denies claim If GunBroker approves claim If using GunTab
   $100 price
+ $10 shipping
+ $9 sales tax
= $119 paid



   $119 lost  (100%)
   $100 protected
– $100 deductible
= $0 reimbursed
   $119 lost  (100%)



Zero lost
   $500 price
+ $0 shipping
+ $0 sales tax
= $500 paid



   $500 lost  (100%)
   $500 protected
– $100 deductible
= $4000 reimbursed
   $100 lost  (20%)



Zero lost
   $1,000 price
+ $40 shipping
+ $82 sales tax
= $1,122 paid



   $1,122 lost  (100%)
   $500 protected
– $100 deductible
= $400 reimbursed
   $722 lost  (64%)



Zero lost
   $4,000 price
+ $50 shipping
+ $204 sales tax
= $4,254 paid



   $4,254 lost  (100%)
   $500 protected
– $100 deductible
= $400 reimbursed
   $3,854 lost  (91%)



Zero lost

GunTab offers the only safe payments for guns and ammo.