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#1
10-04-2022, 10:54 AM
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New PWCC Model - Free Vault
I saw that PWCC is now not charging for any cards (valued $50 and over) going into their vault. No processing fee, no storage fee, nothing.
Curious about this change. How do they exactly make money off of this? Am I missing something? 
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#2
10-04-2022, 10:56 AM
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I think the idea is that they lock you into their system. I think it’s only free to get your items out if you sell through their auction channel, so they get their cut when you sell. Plus with any luck the new buyer keeps it there and the cycle continues.
Could also be a sign that they’re not finding as many takers for this service as they had originally hoped.
__________________
Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel
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#3
10-04-2022, 11:09 AM
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Might just be a little reshuffling of how they make money on it, with the expectation of an overall gain.
It used to be that there was a 1% withdrawal fee when you removed a card from the vault (to ship to yourself or somewhere else) plus the shipping charge. And that 'low' fee still exists if you keep your item there for 90 days or more, but now it is 3% withdrawal fee if removed within the first 90 days. I think the gain for PWCC on that is through people who buy cards from them at auction or fixed price and send to their vault to avoid taxes and then immediately withdraw them will now pay an additional 2% for that tax avoidance process...which is probably one of the most common uses of the vault. Last edited by CardPadre; 10-04-2022 at 11:20 AM.
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#4
10-04-2022, 11:10 AM
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Quote:
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#6
10-04-2022, 05:21 PM
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When they pay me to use the vault is when I might start to consider it...
__________________
_ Successful transactions with: Natswin2019, ParachromBleu, Cmount76, theuclakid, tiger8mush, shammus, jcmtiger, oldjudge, coolshemp, joejo20, Blunder19, ibechillin33, t206kid, helfrich91, Dashcol, philliesfan, alaskapaul3, Natedog, Kris19, frankbmd, tonyo, Baseball Rarities, Thromdog, T2069bk, t206fix, jakebeckleyoldeagleeye, Casey2296, rdeversole, brianp-beme, seablaster, twalk, qed2190, Gorditadogg, LuckyLarry, tlhss, Cory
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#7
10-05-2022, 06:21 AM
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Quote:
THink about it. You sell a card that is in their vault to someone who will buy it and keep it in their vault. and if the buyer is a flipper it goes in a cycle and they keep getting the fees that way. Plus i am sure it is free for now and when it gets popular enough or "fills up enough" they will end free or raise the price level of the cards that are free
__________________
Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1920s Advertising Card Babe Ruth/Carl Mays All Stars Throwing Pose 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Rare early Ruth Cards and Postcards Rare early Joe Jackson Cards and Postcards 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1911 Pinkerton Joe Jackson
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