Update on PWCC Bid Monitoring Program

[Snapolit1]

I don't understand the hostility directed at PWCC for at least trying something. I have had real issues with them in the past unrelated to this issue, but it seems like some of you are expecting them to solve eBay weaknesses and cure a few diseases at the same time.

It may be a surprise to some of you, but PWCC can't tell eBay how to run their business. Yes, there is a problem with apparent shill bidding and BS bid retractions on some of their items. Maybe a not insignificant number of their items. There are consignors out there who will have friends and family, and maybe even themselves with alternative accounts, pump up the price of their auction items. This is an auction fact of life. Happens on eBay and happens everywhere else. Could happen at the church auction down the street. The guy bidding against you may have no interest other than helping someone else make more money. Deal with it. It's reality.

As far as bid retractions go, I have no evidence that they are worse for PWCC than any other major card seller. Nor do I have any belief that they are any worse than say some dude selling 10,000 hummels or 10,000 watches a month on ebay. Game playing will go on. If eBay allows people to retract bids with impunity, and PWCC reaches out to them to do something, I take this as both a tacit admission that there is a problem here that should be addressed and a positive sign that Brent thinks his company's credibility is taking a meaningful hit.

My final point is that I DO NOT find 5 bid retractions a day high for an outfit that often has 5,000+ items listed at a time. That might get 25,000+ bids in a day I'd guess. 5 or 10 or even 20 of those bids are retracted. I'd say at least 50% of those could have been genuine errors. Doesn't seem overly crazy to me.

Long winded way of saying that it seems many of you have real problems with eBay and blame PWCC for them.

If someone is retracting more than 5 times on PWCC in a 3 or 6 month period they should be barred from any PWCC auctions for 6 months. Although that probably wouldn't solve the problem anyway, as a person who wants to defraud others can just open a new account.