Gauging interest in a piggyback sub!!! GRADES POSTED 1 YEAR LATER!!!

[swarmee]

PSA will still grade the cards. The value once they're graded allows PSA to upcharge to the service level those cards now would require to cover return shipping insurance. So PSA reserves the right to upcharge, and because they track graded card sales on eBay with their Auction Prices Realized tool, they may contact the submitter and say that 16 cards now require upgrading to Regular service level, and they might charge Bobby $20-50/card now for those 16. It all depends on what they want to do.
Bobby would then reach out to the owner and let them know they'll need to add more money to their return shipping to cover the costs of the upgrade.

[Tyruscobb]

Originally Posted by swarmee

PSA will still grade the cards. The value once they're graded allows PSA to upcharge to the service level those cards now would require to cover return shipping insurance. So PSA reserves the right to upcharge, and because they track graded card sales on eBay with their Auction Prices Realized tool, they may contact the submitter and say that 16 cards now require upgrading to Regular service level, and they might charge Bobby $20-50/card now for those 16. It all depends on what they want to do.
Bobby would then reach out to the owner and let them know they'll need to add more money to their return shipping to cover the costs of the upgrade.

The special is a comprise between customers and grading companies. The customer receives discounted fees in exchange for a longer than usual waiting period. The grading company receives increased volume in exchange for lower fees. Both parties give up something to receive something. A trade off.

So, if a customer submitted 10 cards worth $75.00 each on June 1, 2020, and they are worth $150.00 each 10 months later, when the company gets around to grading them, the customer has not received the benefit of the bargain and has actually lost.

He does not receive the discounted fee, and has to pay the full boat rate, despite each card qualifying under the threshold value amount when he paid and dropped them into the mail. Moreover, because they were in a bulk submission, he had to wait even extra longer just to eventually pay the full boat rate. This is a nightmare scenario.

This scenario permits a grading company to actually benefit for running a slow operation. The company gets an interest free loan on you money for 10 months, and then gets to ask you for even more capital at the end - all while you had to wait longer than usual because you originally submitted them in a bulk rate submission. This is a dream scenario for the grading companies.

[wondo]

How does PSA get an interest free loan?

[Tyruscobb]

Originally Posted by wondo

How does PSA get an interest free loan?

A company has your money for 10 months before performing the contracted for services. You don’t think having the money for 10 months before performing the services is not essentially equivalent to an interest free loan?

[swarmee]

Originally Posted by Tyruscobb

A company has your money for 10 months before performing the contracted for services. You don’t think having the money for 10 months before performing the services is not essentially equivalent to an interest free loan?

Incorrect. PSA doesn't charge you until the grading is over. Beckett charges when the submission gets there, no matter how long it takes them to complete.

[wondo]

Originally Posted by Tyruscobb

A company has your money for 10 months before performing the contracted for services. You don’t think having the money for 10 months before performing the services is not essentially equivalent to an interest free loan?

PSA does not charge for grading until the cards have been graded, or did this change?

[Tyruscobb]

Originally Posted by cubman1941

Yea, maybe by Christmas!!!

Originally Posted by wondo

PSA does not charge for grading until the cards have been graded, or did this change?

I stand corrected if this is not the case. The company I have utilized in the past has made me pay upfront. I didn’t realize each company had different payment policies. I assumed (and that is where I made my mistake) that the industry norm was for payment upfront.

[wondo]

Originally Posted by Tyruscobb

I stand corrected if this is not the case. The company I have utilized in the past has made me pay upfront. I didn’t realize each company had different payment policies. I assumed (and that is where I made my mistake) that the industry norm was for payment upfront.

No problem. I was unaware this was varied within the industry. Would tick me off a little - salt in the wound. On the other hand, I would have forgotten about payment if I subbed. Silver lining!

On a different note, I have subbed through Bobby and I wound not go through the work and turmoil he does on a group sub. The man has the patience of Job. Always appreciate it, Bobby!