Update on PWCC Bid Monitoring Program

Peter_Spaeth · #1 04-21-2017, 12:43 PM

Quote:

Originally Posted by Exhibitman

Meaningless window dressing, the asinine equivalent of saying that you are cracking down on drunk driving because you only allow a driver ten DUIs before suspending his license. Here's an idea: bar any bidder with more than two retractions and do it now. All this waiting is nonsense. No amount of double-talk and graphics conceals the fact that your auctions are riddled with fraud, that you know it, and that you would rather aid the crooks in stealing from your customers than resolve the problem.

In 18 or so years on ebay I have never retracted a bid to the best of my memory. I am sure most guys here could say the same. The 25 in 6 month limit was meaningless. I guess 10 is better but I still can't imagine 10 legitimate retractions in that timeframe, unless it was some real one-off situation where a seller misrepresented cards and the bidder found out and backed out of a group of listings.

Will a motivated individual work around getting blocked? Some will. But that doesn't excuse the lack of a more sincere effort.

Snapolit1 · #2 04-21-2017, 01:00 PM

Quote:

Originally Posted by Peter_Spaeth

In 18 or so years on ebay I have never retracted a bid to the best of my memory. I am sure most guys here could say the same. The 25 in 6 month limit was meaningless. I guess 10 is better but I still can't imagine 10 legitimate retractions in that timeframe, unless it was some real one-off situation where a seller misrepresented cards and the bidder found out and backed out of a group of listings.

Will a motivated individual work around getting blocked? Some will. But that doesn't excuse the lack of a more sincere effort.

Just not entirely clear to me how much power PWCC really has to put the hammer down and enforce regulations on auctions being run by another company.

Topnotchsy · #3 04-21-2017, 01:05 PM

I've sold with pwcc before and can say 2 things:
1) he definitely has more people watching his auctions listings than most. This is logical given that he has many times the followers that most sellers have. (By followers I mean people who get alerts when he lists items)
2) some of his items sell for considerably more than items from other sellers without any shilling. Of course some sell on the low side as well. I had around 30 items that sold over the last couple of days. I took big hits on a few that sold for a lot less than expected (one went for 40%-50% of my expectation) and most sold for around going rate but there were a few that sold for a lot more (for example a card I expected $250 for going for almost $500).

Bigshot69 · #4 04-21-2017, 01:21 PM

Ebay should build a buyer scoring model similar to whats used for credit scores. This way sellers could use this information when accepting best offers or setting minimum bidder score criteria when selling through auctions. This model could be based on the following criteria:

-Proportion of bid retractions compared to winning bids (10 to me isn't a big deal if someone has won 500 items in the last 6 months)
-Cost of average purchase
-Average time between purchase and payment
-Number of NPB cases opened against
-Number of purchases

I know this sounds a bit out there but does anyone else feel this would add value?

Batpig · #5 04-21-2017, 03:15 PM

Full disclosure, I'm both a consignor and buyer with PWCC...

I understand that Brent lost credibility with some after the WWG DiMaggio fiasco, but at least he's doing something. It might not be at the speed that some want, but he's the only seller on eBay putting in these limitations, and he said up front it would be a slow process. Because of that, he needs to be careful because if consignors think that at any point these policies are limiting his ability to get top dollar for his lots, they'll simply move to someone without the same restrictions.

Peter_Spaeth · #6 04-21-2017, 06:20 PM

Quote:

Originally Posted by Batpig

Full disclosure, I'm both a consignor and buyer with PWCC...

I understand that Brent lost credibility with some after the WWG DiMaggio fiasco, but at least he's doing something. It might not be at the speed that some want, but he's the only seller on eBay putting in these limitations, and he said up front it would be a slow process. Because of that, he needs to be careful because if consignors think that at any point these policies are limiting his ability to get top dollar for his lots, they'll simply move to someone without the same restrictions.

So if it makes you more money it's justified? I don't follow that one, at all. I mean of course I do, but not as a matter of integrity or ethics.

JustinD · #7 04-21-2017, 05:32 PM

Quote:

Originally Posted by Bigshot69

-Proportion of bid retractions compared to winning bids (10 to me isn't a big deal if someone has won 500 items in the last 6 months)

I have zero in 5000 purchases. If two percent (which is your 10 number) is allowable is it ok if I had 100?

The allowable number should be one...ever. If people make more than one mistake I feel a one year banishment is fine. no one with 10 retractions in 6 months isn't doing it deliberately.

Bigshot69 · #8 04-21-2017, 08:15 PM

Quote:

Originally Posted by JustinD

I have zero in 5000 purchases. If two percent (which is your 10 number) is allowable is it ok if I had 100?

The allowable number should be one...ever. If people make more than one mistake I feel a one year banishment is fine. no one with 10 retractions in 6 months isn't doing it deliberately.

Id feel a heckuva lot better about someone with 100 retractions and 5000 purchases than someone with 10 retractions and 15 purchases.

Snapolit1 · #9 04-21-2017, 08:55 PM

The real bizarreness of PWCC is that they are an auction house that doesn't run auctions. They post to eBay and say "worthy of attention" a few hundred times.

Peter_Spaeth · #10 04-21-2017, 01:16 PM

Quote:

Originally Posted by Snapolit1

Just not entirely clear to me how much power PWCC really has to put the hammer down and enforce regulations on auctions being run by another company.

A seller can block any bidder he chooses to block. Next question?

Snapolit1 · #11 04-21-2017, 03:13 PM

Quote:

Originally Posted by Peter_Spaeth

A seller can block any bidder he chooses to block. Next question?

If someone wants to commit systematic fraud believing they are making $$ that is a teeny tiny speed bump. Let me reach for ebay identity #4 or ask my brother in law for a favor.

I have had people ask me to "help" move their auctions along. I am sure many people on this board have gotten similar requests.

bobbyw8469 · #12 04-21-2017, 03:43 PM

Quote:

Originally Posted by Snapolit1

If someone wants to commit systematic fraud believing they are making $$ that is a teeny tiny speed bump. Let me reach for ebay identity #4 or ask my brother in law for a favor.

I have had people ask me to "help" move their auctions along. I am sure many people on this board have gotten similar requests.

I have told people when I am giving a card away...it wasn't to cheat the system. If I am giving a card away, I rather it go to someone off of here than some Joe Blow out of Kansas. I like seeing my friends make money, if I can't.....

CrackaJackKid · #13 04-21-2017, 03:50 PM

Hey now,let's leave Kansas out of this! 😉

bobbyw8469 · #14 04-21-2017, 03:52 PM

Lol

jfkheat · #15 04-21-2017, 08:03 PM

PWCC could announce that they are giving away all cards that they have listed and some people here would still bitch about the way PWCC went about doing so.
James

Peter_Spaeth · #16 04-21-2017, 09:48 PM

Quote:

Originally Posted by jfkheat

PWCC could announce that they are giving away all cards that they have listed and some people here would still bitch about the way PWCC went about doing so.
James

And conversely they could commit blatant fraud and some people here would be making excuses for them and praising them.

Republicaninmass · #17 04-22-2017, 01:15 AM

Quote:

Originally Posted by Peter_Spaeth

And conversely they could commit blatant fraud and some people here would be making excuses for them and praising them.

..as well as continuing to buy and consign to them

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