Quote:
Originally Posted by raulus
But if you're buying new cards, then you don't have them in the vault yet. So it's unclear to me how PWCC would lend you cash to buy new cards that you haven't yet put into their vault. I suppose if the seller already had them in the vault, and PWCC was just moving them over to your account, then maybe PWCC would lend you the money to buy that card, and you could just put 40% down and borrow the rest.
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PWCC wants to keep everything IN HOUSE. The cards have to be in the Vault in order to get a loan/cash advance on the cards. If you buy $10,000 worth of cards from REA, PWCC wants you to ship the cards to the Vault and then you can get the loan/cash advance on the $10,000 once the cards are there. PWCC wants you to use the funds to spend in their weekly/monthly auctions. They want to sell the same card/s over and over again to generate revenue. They get the 20% every time a card sells on their platform and they don't have to ship it since its kept in the Vault. Win-win for PWCC.