Anyone watching the insane basketball card prices?

[Lorewalker]

Originally Posted by Peter_Spaeth

You also have to wonder how the extended return periods (as I understand it anyhow) might play into it. If you follow Blowout, on this new Topps issue (Project 2020) where cards were run to the moon then dropped to the ocean floor, there apparently were a huge number of returns from unprincipled people with buyer's remorse.

Yes I saw some of that on that board. I just figured in most cases they had to be millennials having remorse as opposed to some price manipulation but who knows. The vast window for returns leaves a lot of sellers vulnerable for returns on everything that was run up that has made its way back down or is heading there.

Hang on to the funds fellas ya might have to give them back 4 months from now. Book the sale and the contingent liability!

[Exhibitman]

What am I missing? I just read eBay's return policy and (assuming you do not accept returns) it states that a buyer has 30 days from delivery to claim the item was not as described and return it, 30 days from the end of the delivery window to claim it was not received. How does that morph into four months? Is that on the assumption that the buyer used a credit card and initiated a charge-back?

[samosa4u]

Originally Posted by Exhibitman

What am I missing? I just read eBay's return policy and (assuming you do not accept returns) it states that a buyer has 30 days from delivery to claim the item was not as described and return it, 30 days from the end of the delivery window to claim it was not received. How does that morph into four months? Is that on the assumption that the buyer used a credit card and initiated a charge-back?

Paypal gives the buyer 180 days to return an item, and that's a pretty long time. Some of these cards have already lost half their value in just a few weeks!

[Exhibitman]

Originally Posted by samosa4u

Paypal gives the buyer 180 days to return an item, and that's a pretty long time. Some of these cards have already lost half their value in just a few weeks!

If you follow the eBay platform requirements and you have proof of delivery then the eBay seller protection should apply.

[Lorewalker]

Originally Posted by Exhibitman

If you follow the eBay platform requirements and you have proof of delivery then the eBay seller protection should apply.

Not sure how this works with the new Managed Payments system however when sellers were taking payments directly from paypal they could in fact be on the hook up to 6 months from the date of purchase. I cannot see how this is any different now unless ebay is indemnifying sellers and only allowing for a 30 day window to buyers for returns.

My guess is that if a buyer uses paypal and decided 4 months after the date of purchase that they changed their mind, and they used a credit card and initiates a dispute, paypal is going to refund the buyer and ebay will take the money back from the seller. Not sure what paypal's policies are if the payment was funded from a bank account or from paypal funds. I doubt they offer that 180 day window.

[Exhibitman]

This all makes consigning to an auction house more attractive. Unfortunately, for a quick sale eBay is the only way to go. You just have to take the risks and hope for the best.

[D. Bergin]

Originally Posted by Lorewalker

Not sure how this works with the new Managed Payments system however when sellers were taking payments directly from paypal they could in fact be on the hook up to 6 months from the date of purchase. I cannot see how this is any different now unless ebay is indemnifying sellers and only allowing for a 30 day window to buyers for returns.

My guess is that if a buyer uses paypal and decided 4 months after the date of purchase that they changed their mind, and they used a credit card and initiates a dispute, paypal is going to refund the buyer and ebay will take the money back from the seller. Not sure what paypal's policies are if the payment was funded from a bank account or from paypal funds. I doubt they offer that 180 day window.

Yeah, but I assume a chargeback isn't the same as a return. A chargeback that happens after a return window has closed, denotes a fraudulent charge. At that point the buyer is attempting to keep both the card AND the funds, which I assume is a criminal activity.

I am making some assumptions here, and not saying there aren't plenty of people willing to go that route, but are that many people willing to commit a financial crime in order to try and cut their losses?

Again, I'm making assumptions. Feel free to correct me if I am wrong.

[Lorewalker]

Originally Posted by D. Bergin

Yeah, but I assume a chargeback isn't the same as a return. A chargeback that happens after a return window has closed, denotes a fraudulent charge. At that point the buyer is attempting to keep both the card AND the funds, which I assume is a criminal activity.

I am making some assumptions here, and not saying there aren't plenty of people willing to go that route, but are that many people willing to commit a financial crime in order to try and cut their losses?

Again, I'm making assumptions. Feel free to correct me if I am wrong.

You can dispute a credit card charge for a number of reasons and each bank has their own rules and conditions and the reasons can be liberally interpreted. If someone changed their mind and wanted to return the item in the exact condition it is in, I think there is a manner in which they could do it. The longer the period of time that passes after the purchase, I am sure the more hurdles the buyer would have to jump through to have the bank side with them but the threat does exist. Pretty certain that AMEX offers 6 months and most banks that issue V/MC are as many as 4 months.

I have not read closely the recent terms/policies with paypal but as Exhibitman suggests, this hanging over a seller's head is enough to go with an auction house consignment rather than leaving one exposed selling on ebay.

The other option is to stay clear of selling cards that go up 5X in 2 weeks.

[samosa4u]

All of you guys are a bunch of silly monkeys!

First of all, all these buyers of super-inflated sports cards are just very passionate collectors (like Gary Vee). None of them are going to return these cards - nope! Many of them have done well for themselves financially, so what's a few dollars here and there? I mean, if a $15,000 USD card drops to $3,000 USD in a few months, then who cares, right? It's all about having fun! I'm sorry, what was that? Discord servers? Groups organizing pumps of certain cards? Oh rubbish! I don't want to hear it!