PSA backlog

[Tyruscobb]

Originally Posted by conor912

I heard today that some guys who sent in giant submissions a year ago, and PSA is finally getting around to grading, are getting hit with 6 and 7 figure fees that they now can’t/refuse to pay because the cards aren’t worth the grading fees. Look out.

I’ve never understood this. What is the business advantage for PSA not collecting upfront fees like SGC? You pay SGC upfront before you even mail it your cards. Who doesn’t like getting paid before the work is even done?

Just think how much money in interest alone PSA could’ve made off upfront fees this past year. Even when submissions were running at just 20 days, why wouldn’t any company want to receive all the money upfront and then earn interest on that money, or use it for other business aspects?

Plus, when the cards are graded, there is not any extra waiting to finally receive the bill, which delays shipping. With SGC, the cards are graded and then shipped. There is no extra invoice step (absent up charges), etc. PSA submitting a bill after grading, takes more time, increases overhead, and is just more work. Surprised Nat hasn’t figured this out. The float is your friend if your a business!

Seems like