#Pwcc vault plus#

This policy was probably put in place to discourage the submission of junk cards and that might explain why we havenвЂ™t found any complaints related to it. Also, bidding starts at $9.99 and cards that receive no bids are forfeited to PWCC. PWCC doesnвЂ™t set a reserve price so your card can sell for any amount. PWCC can also loan you money against your collection so you can kickstart your debt-fuelled card acquisition strategy. If you list your card with PWCC, they can give you an advance of up to 50% of your cardвЂ™s conservatively assessed value before itвЂ™s even sold. You can use the service to avoid exorbitant international shipping costs and import duties. The vault is even more cost effective if you live outside the United States. The sales tax savings tend to outweigh PWCCвЂ™s storage charges. However, the PWCC vault is very cost effective when youвЂ™re buying cards because Oregon has no sales taxes. A safety deposit box at your local bank would probably be cheaper. So I requested PWCC to return all my cards to my vault but there is one card that.

#Pwcc vault plus#

PWCC charges a one time intake fee of 1% plus an annual storage fee of 0.5% for the first year which drops to 0.25% for subsequent years. View customer complaints of PWCC Marketplace, LLC, BBB helps resolve. Multiple competitors have already pounced on the chance to wrestle customers away from them.The cards are fully insured. This is already done for expensive wines, and some of this cardboard blows that stuff away. More than likely, you can't duplicate the Vault's infrastructure in your house. If eBay's allegations are true, PWCC could be shunned by the industry. IMO, if you are the owner of a large six-figure collection and live in a fire or flood-prone area, the PWCC vault might be a good option.That relationship between grading and selling is illustrative of card collecting's biggest risk: it relies on various cogs - producers like Topps, marketplaces like PWCC, grading agencies like PSA - working together in harmony.It's also the subject of an ongoing FBI investigation stemming from a 2019 'trimming' scandal, which involves doctoring cards to increase their grade, thus inflating their sale price. The big picture: This isn't the first time PWCC has found itself in hot water. The company did over $200 million in sales on eBay last year alone, per the Action Network. PWCC denies any wrongdoing, and is weighing all available legal options to fight the accusation.Shill bidding, explained: The seller enlists friends and family, or uses aliases, to drive the item price higher than it would have gone if a legitimate buyer bid and purchased it.The 10 most expensive cards in history have all been sold since last August.Дetails: eBay 'restricted PWCC's selling privileges' this week, removing more than 71,000 listings from its website. The backdrop: Trading cards are in the midst of a meteoric rise. The company said in a statement Tuesday that it was shocked by the allegations and threatened legal action against eBay. The company confirmed it will no longer be selling and auctioning products on eBay, but again denied allegations of shill bidding. If this scandal takes PWCC out - and fwiw I donвЂ™t believe it will - your cards are not safe. More: eBay bans PWCC, accuses company of shill bidding.

If I had cards in the PWCC vault I would be requesting return shipping Monday. Why it matters: One of the industry's biggest players getting rocked by scandal could have deleterious effects on the card-collecting hobby, which is built largely on trust. I posted in the Vault thread about issues the wine industry has had. Trading card marketplace PWCC has been suspended by eBay for 'shill bidding' - the practice of artificially boosting the price of an item through dishonest bids.