PSA vintage subs has upcharges but I am on vacation.

[Tyruscobb]

Originally Posted by bobbyw8469

They won't give us the grades until they have payment, which is automatic when they ship the cards. Obviously they know the grades. The only two grades I know were the ones that got hit with upcharges. That's all I know.

I don't understand this business model at all. SGC requires payment before the submitter ever mails the cards. Then, if there are any upcharges, SGC holds the cards until it receives the upcharge payment.

SGC receiving the funds before the submitter ever mails the cards allows it to use the funds for business purposes. Heck, it could just put the funds in a 4% interest-bearing account and make money. PSA not receiving payment until the end just doesn't make sense to me. Just think of all the lost interest it could earn.

[bnorth]

Originally Posted by Tyruscobb

I don't understand this business model at all. SGC requires payment before the submitter ever mails the cards. Then, if there are any upcharges, SGC holds the cards until it receives the upcharge payment.

SGC receiving the funds before the submitter ever mails the cards allows it to use the funds for business purposes. Heck, it could just put the funds in a 4% interest-bearing account and make money. PSA not receiving payment until the end just doesn't make sense to me. Just think of all the lost interest it could earn.

It makes no sense to me either and a lot of people got screwed because of it not long ago with large group submitters.

[bobbyw8469]

Originally Posted by bnorth

It makes no sense to me either and a lot of people got screwed because of it not long ago with large group submitters.

I'm different than other guys though....I don't spend the money people pay. I hold it in escrow. It's not my money...it's PSA's money. Those other guys are terrible at money management and were spending the money like it was theirs.

[bnorth]

Originally Posted by bobbyw8469

I'm different than other guys though....I don't spend the money people pay. I hold it in escrow. It's not my money...it's PSA's money. Those other guys are terrible at money management and were spending the money like it was theirs.

Pretty sure no one worries about you.

[stutor]

Originally Posted by bnorth

Pretty sure no one worries about you.

+1