PWCC vault?

[jayshum]

I received an email from PWCC that I could use their vault as the address to ship any purchases from them, eBay, other auctions, etc. By doing this, I would avoid paying sales tax since the address for the vault is in Oregon.

Does anyone use this? If so, can you provide me with more information about how it works and what costs there are associated with it? The email mentions an ingestion fee equal to 0.5% of the market value of the card for the first year of storage, but then it says something about requesting fulfillment at any time after ingestion which is usually 5 to 7 business days. Any explanation of how this actually works would be appreciated.

[calvindog]

You should speak to an accountant before you do this. Something advertised as existing solely to help you avoid paying sales tax requires some professional advice. As it’s a PWCC invention I’d probably speak to three CPAs.

[iowadoc77]

Originally Posted by calvindog

You should speak to an accountant before you do this. Something advertised as existing solely to help you avoid paying sales tax requires some professional advice. As it’s a PWCC invention I’d probably speak to three CPAs.

Hey Jeff, You think 3 is enough? Sounds a bit sketchy

And as an aside, I tend to get fulfillment less than 5-7 days after ingestion!

[ullmandds]

Originally Posted by calvindog

You should speak to an accountant before you do this. Something advertised as existing solely to help you avoid paying sales tax requires some professional advice. As it’s a PWCC invention I’d probably speak to three CPAs.

1 for each sticker?

[Snapolit1]

My experience says that states aren’t too accepting of transparent efforts to avoid paying sales tax. Just sayin.

[Peter_Spaeth]

Lots of things that are set up to avoid or reduce taxes seem more form over substance. It's hard for me to believe PWCC is out there publicizing this without having vetted it with legal and accounting advisers. Then again...

[bbsports]

I received the same e-mail from P.W.C.C. They mean well, but as a N.J. resident, this state are very strict about their state tax so I would not be interested in putting my cards in a their vault. Also, heaven for bid, something happens to the company or the state steps in & cleans out what's in the vault? I can be affected. You are correct, this should not be brought out out publicly. The whole idea is too risky for me.

[Lorewalker]

Originally Posted by Peter_Spaeth

It's hard for me to believe PWCC is out there publicizing this without having vetted it with legal and accounting advisers. Then again...

Ya think? https://www.pwccmarketplace.com/vault Only concept they highlight is the sales tax-free state. See for yourself.

Dunno about anyone else but I would feel much better leaving my stuff at home or at a bank.