Here - copy/paste right off their site.
Archival Fee
Graded Cards – 1% of insurance value is charged at intake of assets (minimum fee of $2 per asset and a maximum fee of $100 per asset). Note: completely-graded sets, mixed-grading-company sets or sets registered with PSA, SGC, and/or Beckett use the same ingestion process as single graded cards.
Ungraded Cards – 1% of insurance value is charged at intake of assets (minimum fee of $10 per asset and maximum fee of $100 per asset).
First-Year Storage Fees
0.5% of insurance value will be charged for the first full year, billed monthly. The remaining fees for this first year will charged if items are removed from the Vault during the first year, but it will be prorated if items are sold mid-year through a PWCC Marketplace.
Long-Term Storage Fees
0.25% of insurance value will be charged for the second and subsequent years of storage. These fees will be billed monthly and will be prorated for the actual duration of service.
Please note that a $0.50 processing fee will be added to any invoice under $2.
ED - I think it's two levels of cost. There's an "ingestion fee", and then the monthly "storage fee". I think what you're showing is the "storage fee", and you got "popped" because you just have the one card and the value of it appears to be low.
They don't bill the "storage fee" by card, they bill by "total value" of what you have stored. Not sure how they compute that, I would assume it's probably "market" and not necessarily "cost", since that value is also tied to an insurance value for your holdings.
I'm sure there's some more fine print, but broadly that's what's going on.
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