ebay finds that PWCC engaged in shill bidding?

[cannonballsun]

The banning of PWCC is a huge and drastic move by eBay, a move that will surely cost them money. As businesses are always driven by the desire to make money, first and foremost, there must be a very compelling reason for them to do it. The only reason that makes sense to me is that the long awaited FBI investigation is coming to a close, and PWCC is going to be hit with Mastro-like charges. EBay wants to separate themselves from PWCC, and that investigation, and those charges.
Of course, this is only my opinion. I have no facts to back this up.
I can't see eBay doing this out of spite because PWCC is going to make their own auction site. A business that operates on spite is a very unprofessional business, and all their execs should be canned, if that's what they are doing.
As always, time will tell, but this is a huge move. By the way, I didn't get the email from eBay. I do believe I am on PWCC's email list as I receive email from them all the time.
I did buy one item from PWCC, but I believe it was the only one I ever bought from them. It was an large, ungraded lot of 1962 Jell-O cards. That is my number one collecting interest, so I went for it. I have bid on other items that they have for sale, but I always get outbid. Their items generally sell for higher prices than I am willing to pay.

[mrreality68]

Alot happened in a very very short time.

We will have to wait and see if there are any further explanations from either side and
Time will tell what the fallout is from it

Stay Tuned

[Aquarian Sports Cards]

to all of those who are saying Ebay will miss PWCC's money:

PWCC did around 200 million in sales on Ebay last year. The rumor is they pay somewhere between 1 and 3% to Ebay. That's $2 - $6 Million for the year. In 2020 Ebay did over 10 BILLION in revenue.

For those of you saying Ebay doesn't want the competition from PWCC:

Unless PWCC is opening a site where users can sell their own items, it's not competition, it's just another auction company.

Big players in the hobby are fly specks in the world of fortune 500 companies. Does that mean Ebay didn't do this out of spite? Hell no. It could be very similar to an old tenet of racketeering. You make an example of one guy so the next guy doesn't get any bright ideas.

[trdcrdkid]

Originally Posted by Aquarian Sports Cards

to all of those who are saying Ebay will miss PWCC's money:

PWCC did around 200 million in sales on Ebay last year. The rumor is they pay somewhere between 1 and 3% to Ebay. That's $2 - $6 Million for the year. In 2020 Ebay did over 10 BILLION in revenue.

For those of you saying Ebay doesn't want the competition from PWCC:

Unless PWCC is opening a site where users can sell their own items, it's not competition, it's just another auction company.

Big players in the hobby are fly specks in the world of fortune 500 companies. Does that mean Ebay didn't do this out of spite? Hell no. It could be very similar to an old tenet of racketeering. You make an example of one guy so the next guy doesn't get any bright ideas.

It's true that PWCC's money is not very much relative to eBay as a whole. But if the FBI announced that it was pressing charges or investigating eBay for colluding with PWCC on defrauding bidders, that would result in huge and very unwelcome negative publicity that would have a big effect on all of eBay. They certainly want to avoid that, so my guess is that the FBI showed eBay the evidence they have on PWCC, and eBay is scrambling to distance themselves from PWCC and show the Feds that they are not going to tolerate that behavior any more.

[savedfrommyspokes]

From PWCC's site:

PWCC MARKETPLACE/EBAY UPDATE
PWCC Marketplace/eBay Update
We will no longer be selling through eBay and all PWCC listings will be removed from eBay immediately. Premier Auction listings will be unaffected as they are listed on the PWCC platform and the August Premier Auction will close on August 21st. The September Premier Auction is still scheduled to start on September 1st. To read our official statement click here.

What is the update on PWCC and eBay and what's impacted?
We will no longer be selling through eBay and all PWCC listings will be removed from eBay. Premier Auction listings will be unaffected and the August Premier Auction will close on August 21st. The September Premier Auction is still scheduled to start on September 1st.

What is PWCC's stance on shill bidding?
Shill bidding is a bid placed without the intention to honor it - regardless of who placed the bid. As outlined in our Marketplace Tenets PWCC has clear rules that no one may place a bid unless that bid is intended to win the item - not consignors, friends of consignors, people who own other versions of the card, etc. PWCC has never engaged in nor condoned the practice of shill bidding or manipulating the card market. PWCC is proud of the work we do to ensure a trusted marketplace and vehemently deny eBay's claims regarding shill bidding.

Can I still sell my cards with PWCC?
Since March, our team of developers has been focused on building and improving the Premier Auction experience which is currently live and has always been independent of eBay.

Sales through PWCCMarketplace.com will be the foundation for the future Monthly Auction, Flash Auction, and Fixed Price Marketplace. The initial design of these marketplaces is in place, and we’re committed to make them the most user-friendly and trusted tools in the industry. Although this platform shift happened sooner than we planned, we are excited to relaunch the marketplaces on our own website soon.

Currently, PWCC currently conducts Premier Auction each month for cards with a market value over $25,000 and we can always look to help you find a buyer privately.

I have cards up for bid in the August Monthly Auction. What will happen to my cards?
All cards that have sold in the August Monthly Auction will complete the sale process as normal, and you will receive proceeds from the sale on the payout day. Any item that did not yet sell in the August Monthly Auction will be removed from eBay and will be placed in your Vault free of charge and listed in the PWCC-hosted Monthly Auction, which will be available soon.

I submitted cards for the September Monthly Auction. What will happen to these cards?
September Monthly Auction items will be placed into your Vault, free of charge, ready to be sold in our future PWCC-hosted Monthly Auction, which will be available soon. If you do not already have a Vault Account, we will help you create one.

What if I'd like my cards returned to me?
Should you prefer to have your unsold cards returned, please contact customer service and we will do so at our expense.

My card(s) sold in the first few days of August Monthly Auction. Will I still be paid out?
Yes, all cards that have closed will complete the collections process, and if paid by the buyer, will be paid out in full. If the buyer does not remit payment, items will be placed into your Vault, free of charge, ready to be sold in our future PWCC-hosted Monthly Auction which will be available soon.

Can I still use Flash Auction?
Flash Auctions are currently on hold until we can soon offer them again on our own website.

Can I use Fixed Price to sell cards?
The Fixed Price Marketplace is currently on hold until we can soon offer them again on our own website.

What happens if I have a card currently live in Flash Auction or live on Fixed Price?
All items previously listed for a Flash Auction have been placed back into your Vault, ready to be sold under our future Flash Marketplace. All items previously listed for Fixed Price will soon be placed back into your Vault, ready to be sold under our future Fixed Price Marketplace.

What happens to items in my Vault?
Nothing. Those items are still safe and fully-insured, stored in our secure facility, operated exclusively by PWCC.

What are the fees to remove items from the Vault?
Fees to fulfill out of the Vault remain unchanged and are outlined here. Existing promotional rates also remain unchanged.

Can I still send cards from eBay to the Vault?
Yes you can. We are still accepting Vault submissions, and we are still honoring the FREEVAULT promo until Sept. 30th. Items can still be stored in our Vault, ready to be sold either in our existing Premier Auction or in our future PWCC-hosted Monthly, Flash, or Fixed-Price Marketplaces.

Can I still take out a loan through PWCC Capital?
Yes, we would be pleased to consider you for a loan. Contact our Customer Service Team via email or chat to start the process.

Is the FreeVault Promo still going to be accepted for safely storing cards?
Yes. The FREEVAULT promo is live until Sept. 30th and items can still be stored in our Vault, ready to be sold either in our existing Premier Auction or in our future PWCC-hosted Monthly, Flash, or Fixed-Price Marketplaces.

What happens to the current cards in the August Premier Auction?
Premier Auction is hosted on our site and has no affiliation with eBay. Premier Auction will continue to run business as usual.

Will the Premier Auction still end on Saturday, August 21 at 7pm?
Yes, Premier Auction is still scheduled to end at 7PM PT on August 21st with extended bidding happening immediately after.

I want to keep my Premier Auction purchase in the Vault. Is that service still available?
Yes. If you win an item in Premier Auction then you have the option of storing it for free in the Vault.

How can you assure me that shill bidding is not taking place in the current and future Premier Auctions?
As part of our Marketplace Tenets, PWCC and our staff and affiliates have no visibility into any bidders' maximum bid. This information is stored in a third-party service and no one from PWCC or any affiliates of the sellers can view it, by specific design.

All bidders must be approved to participate in the Premier Auction. To apply, submit a brief application with your eBay ID and two references if applicable (it takes less than two minutes). Our team will review your application, contact you within 24 hours if additional information is needed, and notify you of your approval. This process can take several days, so please submit your application early.

What happens when somebody is caught placing a bid they don't intend to honor, known as shill bidding?
Our Marketplace Trust team is extremely proactive in monitoring bidding. We have placed permanent blocks on any bidder who does not pay. Refer to the Marketplace Tenets for more details on our monitoring procedures.

What will happen to my cards once they're pulled from eBay? WilI I get a notification that they have indeed been removed?
All Fixed Price and Flash Auction listings that did not sell and were removed from eBay will automatically be placed back into your Vault. All unsold items in our August Monthly Auction and submissions received for future auctions will be placed in your Vault, free of charge, ready to be sold either in our existing Premier Auction or in our future PWCC-hosted Monthly, Flash, or Fixed-Price Marketplaces which will be available soon.

What can I expect from PWCC in terms of future plans and operations?
We are excited to roll out our own, proprietary Marketplaces specifically designed to meet the unique needs of this market and continue to offer excellent services to our clients.

Can I trust PWCC as a business moving forward?
Absolutely. We know trust is built over time and through a consistent experience. It is our hope that we have earned that trust from you and that we will continue to do so with our new platform. We are deeply committed to ensuring the bidding environment you deserve.

[packs]

I'm in the you can't compete with eBay camp. I don't see why eBay would ban a seller doing business on their platform out of a fear that the seller will overtake eBay. There's no practical way to do that and you'd never touch eBay's overall revenue. I don't see how that could be a real motivating factor. The loss in business is easily absorbed by millions of knick knacks posted every day for the rest of eternity.

[rjackson44]

what a shock

[Aquarian Sports Cards]

Originally Posted by savedfrommyspokes

Can I trust PWCC as a business moving forward?
Absolutely. We know trust is built over time and through a consistent experience. It is our hope that we have earned that trust from you and that we will continue to do so with our new platform. We are deeply committed to ensuring the bidding environment you deserve.

Trust us moving forward? You can even trust us in reverse!

[dealme]

Originally Posted by Aquarian Sports Cards

Trust us moving forward? You can even trust us in reverse!

I’m a bit late and working my way through this thread, but holy sh*t Joe Isuzu just showed up in a Net54 post.


Sent from my iPhone using Tapatalk

[carlsonjok]

Originally Posted by savedfrommyspokes

From PWCC's site:
Can I still take out a loan through PWCC Capital?
Yes, we would be pleased to consider you for a loan. Contact our Customer Service Team via email or chat to start the process.

I have been expecting the bubble to pop for a while now, but was starting to think it might have just been wishful thinking since I have been effectively priced out of the market for Roberto Clemente and Nolan Ryan rookie cards for a while now. However this quote above from PWCC renews my faith that, at some point soon, the part of the hobby pool that I swim in will come back to me.

[Casey2296]

Originally Posted by carlsonjok

I have been expecting the bubble to pop for a while now, but was starting to think it might have just been wishful thinking since I have been effectively priced out of the market for Roberto Clemente and Nolan Ryan rookie cards for a while now. However this quote above from PWCC renews my faith that, at some point soon, the part of the hobby pool that I swim in will come back to me.

Hey Jeff,
I have a Ryan Rookie I'll make you a deal on, It's in the Swingin' 60's submission so it may be a few months before it comes back.

[Aquarian Sports Cards]

Originally Posted by trdcrdkid

It's true that PWCC's money is not very much relative to eBay as a whole. But if the FBI announced that it was pressing charges or investigating eBay for colluding with PWCC on defrauding bidders, that would result in huge and very unwelcome negative publicity that would have a big effect on all of eBay. They certainly want to avoid that, so my guess is that the FBI showed eBay the evidence they have on PWCC, and eBay is scrambling to distance themselves from PWCC and show the Feds that they are not going to tolerate that behavior any more.

I seriously doubt the FBI is showing anyone any evidence in an ongoing investigation.

[jchcollins]

Originally Posted by Aquarian Sports Cards

I seriously doubt the FBI is showing anyone any evidence in an ongoing investigation.

So, eBay just decided this is a bad business association?

[Snowman]

Originally Posted by Aquarian Sports Cards

I seriously doubt the FBI is showing anyone any evidence in an ongoing investigation.

Originally Posted by jchcollins

So, eBay just decided this is a bad business association?

There is no scenario where the FBI came to ebay with "the evidence" they have against PWCC in an ongoing criminal investigation. The most they would have done was subpoena specific documents or transaction records. Ebay might try to infer from there whatever they want, but the FBI isn't showing them any evidence whatsoever.

Ebay could have made the decision to cut ties with PWCC for a multitude of reasons. The best we can do is speculate and use our critical thinking skills to try to narrow down which of those reasons are the most likely.

[chadeast]

Originally Posted by cannonballsun

The banning of PWCC is a huge and drastic move by eBay, a move that will surely cost them money. As businesses are always driven by the desire to make money, first and foremost, there must be a very compelling reason for them to do it. The only reason that makes sense to me is that the long awaited FBI investigation is coming to a close, and PWCC is going to be hit with Mastro-like charges. EBay wants to separate themselves from PWCC, and that investigation, and those charges.
Of course, this is only my opinion. I have no facts to back this up.
I can't see eBay doing this out of spite because PWCC is going to make their own auction site.

+1 to all. Just the thought of being associated with a federal investigation, even if nothing eventually comes from it, is probably enough for Ebay to punt on the $6 million a year revenue.

[jingram058]

Is there a chance this move by eBay on PWCC has any effect at all on Dean's?

[MikeGarcia]

Originally Posted by jingram058

Is there a chance this move by eBay on PWCC has any effect at all on Dean's?

..I thought "Dean's" already had their own Non-Ebay page on the internet ?

..

[jchcollins]

Originally Posted by jingram058

Is there a chance this move by eBay on PWCC has any effect at all on Dean's?

Guessing, but doubtful that Dean's has anywhere near the overall sales volume of PWCC. And from what I have seen, eBay is just one of their many platforms (they also list many of the exact same cards on Amazon too...) - not their main source of revenue.

Yes, they have their own website - and have for years. I think it could be argued they try to get most of their business through that website, because to my knowledge none of Dean's "discount" (sorry, try not to laugh) algorithms work when you are buying single cards of his on eBay.

[D. Bergin]

Originally Posted by cannonballsun

The banning of PWCC is a huge and drastic move by eBay, a move that will surely cost them money. As businesses are always driven by the desire to make money, first and foremost, there must be a very compelling reason for them to do it. The only reason that makes sense to me is that the long awaited FBI investigation is coming to a close, and PWCC is going to be hit with Mastro-like charges. EBay wants to separate themselves from PWCC, and that investigation, and those charges.
Of course, this is only my opinion. I have no facts to back this up.
I can't see eBay doing this out of spite because PWCC is going to make their own auction site. A business that operates on spite is a very unprofessional business, and all their execs should be canned, if that's what they are doing.
As always, time will tell, but this is a huge move. By the way, I didn't get the email from eBay. I do believe I am on PWCC's email list as I receive email from them all the time.
I did buy one item from PWCC, but I believe it was the only one I ever bought from them. It was an large, ungraded lot of 1962 Jell-O cards. That is my number one collecting interest, so I went for it. I have bid on other items that they have for sale, but I always get outbid. Their items generally sell for higher prices than I am willing to pay.

Ebay has operated out of spite for almost their entire existence. Check out what they did to the ECommerceBytes folks.

They're successful despite their own seemingly constant sabotage, because they have a near monopoly on the type of service they provide...are very protective of it...have constantly instituted various forms of price hikes with very little push back...and do this while having to hold zero inventory of their own.

It's just software, servers, mediocre programmers and poorly paid customer service people. It's the type of overhead most companies would kill for, but a service nobody else can really provide. They really came along at the exact right time, for their type of business.

They don't care about shilling or fraud. If they did they would have announced a few very simple policy decisions along with their PWCC take down. They did not.

[1954 topps]

PWCC already has their own platform for selling and they've already established themselves as the largest auction house in the business. People will swarm to their site every auction like they always do because collectors be crazy. Regardless of shill bidding or not people will still buy from them in future auctions because they have it all. If you're worried about shill bidding just pick a max number in your head and don't go over it just like any other auction.

I believe eBay was already aware PWCC has intentions of leaving their platform soon as they've already tested having their own auctions. The fees are high and they can do it in-house for less. So they're mad and throwing them under the bus, probably for good reasons but about a decade late. Gee thanks eBay for trying to portray being the golden child here, you haven't been a partner in crime the whole time at all...bye ebay, you won't be missed. It's not that hard to run this business. Oh Hello Sirius and your weekly auctions!

I've bought from PWCC many times just like the next collector and will continue to do so because they have what I'm looking for. Meanwhile I end up recycling dozens of catalogs every year from all the auction houses that don't have anything to add to my collection.

Examine your cards carefully when you get them regardless of who you're buying from. PWCC or elsewhere, it's your money, you better know what you're getting.

[JeremyW]

Just a guess, but PWCC will lose a large portion of their consignments because they are no longer on Ebay.

[samosa4u]

This is wonderful news! I am so glad that PWCC is leaving eBay! I got sick and tired of looking at those f**king ridiculous Vault prices every single day!

Now, turn this shit up!

https://www.youtube.com/watch?v=3Gwj...AndTheGangVEVO

[vthobby]

Originally Posted by 1954 topps

PWCC already has their own platform for selling and they've already established themselves as the largest auction house in the business. People will swarm to their site every auction like they always do because collectors be crazy. Regardless of shill bidding or not people will still buy from them in future auctions because they have it all. If you're worried about shill bidding just pick a max number in your head and don't go over it just like any other auction.

I believe eBay was already aware PWCC has intentions of leaving their platform soon as they've already tested having their own auctions. The fees are high and they can do it in-house for less. So they're mad and throwing them under the bus, probably for good reasons but about a decade late. Gee thanks eBay for trying to portray being the golden child here, you haven't been a partner in crime the whole time at all...bye ebay, you won't be missed. It's not that hard to run this business. Oh Hello Sirius and your weekly auctions!

I've bought from PWCC many times just like the next collector and will continue to do so because they have what I'm looking for. Meanwhile I end up recycling dozens of catalogs every year from all the auction houses that don't have anything to add to my collection.

Examine your cards carefully when you get them regardless of who you're buying from. PWCC or elsewhere, it's your money, you better know what you're getting.

Good luck. Solid strategy.....lmao. Yeah, those big auction house auctions really have nothing in them for anyone it appears..... Why even subscribe if you feel that way?

Peace, Mike Papariello

PS Honestly....when you say this "Meanwhile I end up recycling dozens of catalogs every year from all the auction houses that don't have anything to add to my collection."
then people kinda just stop listening to you. Just sayin'

[53toppscollector]

lol REA isn't pussyfooting around. From an email I just received:

DONE WITH THE VAULT? CONSIGN NOW FOR SPECIAL RATES!

We're offering the lowest rates in our history for your Vault consignments! See below for details on this extremely limited-time offer!

For any new consignments originating from a Vault address and committed to REA by September 1, we're offering the following incredible rates:

[Snapolit1]

I think it's human nature to think "hey, those guys probably shill their own auctions and pass things off better than they really are . . . . and that's terrible . . . .but I'm pretty sure that's never been the case with anything I've bought. . . ."

[Johnny630]

Originally Posted by 53toppscollector

lol REA isn't pussyfooting around. From an email I just received:

What about their long time consigners ??? What about us? Shouldn’t we get this rate too? Maybe they don’t want my consignments anymore.

[jchcollins]

Originally Posted by 53toppscollector

lol REA isn't pussyfooting around. From an email I just received:

That's freaking great LOL.

[Snapolit1]

Originally Posted by jchcollins

That's freaking great LOL.

I'd have trouble sleeping tonight if I had a $100,000 card in a vault in Oregon. Just sayin.

[Snowman]

Originally Posted by 53toppscollector

lol REA isn't pussyfooting around. From an email I just received:

Seems to me as though PWCC would have a very strong lawsuit on their hands if ebay in fact does not have proof of PWCC employees shill bidding in their own auctions. If the shill bidders are in fact just consignors or other random eBay accounts, then their accusations are textbook defamatory resulting in real damages to PWCC's bottom line. If this is the case, I expect we will see eBay having to pay PWCC a substantial sum of money in the inevitable lawsuit on the horizon.

However, on the other hand, if eBay can prove that PWCC employees or its ownership are in fact actively shill bidding on their auctions, then PWCC is likely in for some extreme turbulence ahead. Although if this were the case, I have to ask, why wouldn't they just state that in the email rather than using the cryptic "individuals associated with PWCC" engaged in shill bidding? It just doesn't make sense. To me this smells like eBay deliberately trying to tarnish the brand of their newest competitor.

[Aquarian Sports Cards]

Originally Posted by Snowman

Seems to me as though PWCC would have a very strong lawsuit on their hands if ebay in fact does not have proof of PWCC employees shill bidding in their own auctions. If the shill bidders are in fact just consignors or other random eBay accounts, then their accusations are textbook defamatory resulting in real damages to PWCC's bottom line. If this is the case, I expect we will see eBay having to pay PWCC a substantial sum of money in the inevitable lawsuit on the horizon.

However, on the other hand, if eBay can prove that PWCC employees or its ownership are in fact actively shill bidding on their auctions, then PWCC is likely in for some extreme turbulence ahead. Although if this were the case, I have to ask, why wouldn't they just state that in the email rather than using the cryptic "individuals associated with PWCC" engaged in shill bidding? It just doesn't make sense. To me this smells like eBay deliberately trying to tarnish the brand of their newest competitor.

Before PWCC decides to litigate they should remember that discovery is a bitch.

[Peter_Spaeth]

Originally Posted by Snowman

Seems to me as though PWCC would have a very strong lawsuit on their hands if ebay in fact does not have proof of PWCC employees shill bidding in their own auctions. If the shill bidders are in fact just consignors or other random eBay accounts, then their accusations are textbook defamatory resulting in real damages to PWCC's bottom line. If this is the case, I expect we will see eBay having to pay PWCC a substantial sum of money in the inevitable lawsuit on the horizon.

However, on the other hand, if eBay can prove that PWCC employees or its ownership are in fact actively shill bidding on their auctions, then PWCC is likely in for some extreme turbulence ahead. Although if this were the case, I have to ask, why wouldn't they just state that in the email rather than using the cryptic "individuals associated with PWCC" engaged in shill bidding? It just doesn't make sense. To me this smells like eBay deliberately trying to tarnish the brand of their newest competitor.

I doubt PWCC sues. No way it wants all those records to become public. It will come up with some BS rationale for not suing, like it's time to move on.

On the flip side I'd be shocked if ebay sent that message without ample supporting evidence. This isn't some guy making a spontaneous remark, it's a company with a 50 billion dollar market cap.

[Steve D]

Originally Posted by vtgmsc

Good luck. Solid strategy.....lmao. Yeah, those big auction house auctions really have nothing in them for anyone it appears..... Why even subscribe if you feel that way?

Peace, Mike Papariello

PS Honestly....when you say this "Meanwhile I end up recycling dozens of catalogs every year from all the auction houses that don't have anything to add to my collection."
then people kinda just stop listening to you. Just sayin'

Here's my view:

The big auction houses seldom have any cards that I could actually afford. If they do, they're usually inserted into a lot with a bunch of other cards I may or may not need/want, bringing the total lot price up to a level I can't afford. I still look at the auctions to see what's there, in the hope that just maybe, they have something I could shoot for.

PWCC on the other hand (and other companies like them), have all levels of cards.....high value/low value; the full spectrum. They also allow you to combine your winnings each month, paying for all of them once each month's auction is done. This works out great for me, as payments for PWCC auction winnings are due the first week of each month, right after payday. They make it very quick and easy. I've been buying from them for several years, and have never had any reason to complain.

Regarding the allegations against them over the last three or so years, I do not discount them; they are serious and need to be looked at, but for me, I try to "buy the card, not the holder"; meaning I look carefully at the card before bidding, and I absolutely do not bid an amount I am uncomfortable with. If I win it, great; if not, I'll just keep looking. Sure, I might get shilled (that's a danger in any auction in any hobby/category, not just card collecting), but as long as I'm not paying more than I'm comfortable with, I consider it good.

Steve

[Johnny630]

I don’t think Pwcc will do as well on this new platform for the following reasons

On eBay when PWCC was listing buyers have the option of using a credit card with a money-back guarantee/time frame, also CC charge backs. In many major auction houses there are no credit cards, no money back guarantee, with all sales final terms of sale, how comfortable will you be buying from them under those terms?? Especially considering their past numerous sales of cards ousted as trimmed by BODA.

[Peter_Spaeth]

Originally Posted by Johnny630

I don’t think Pwcc will do as well on this new platform for the following reasons

On eBay when PWCC was listing buyers have the option of using a credit card with a money-back guarantee/time frame, also CC charge backs. In many major auction houses there are no credit cards, no money back guarantee, with all sales final terms of sale, how comfortable will you be buying from them under those terms?? Especially considering their past numerous sales of cards ousted as trimmed by BODA.

The inevitable short term run on the Vault will not help. That said, he is very innovative and very hard-working, and nobody is going to care about the shill bidding accusations, so I wouldn't bet against him yet.