PSA/BGS/PWCC dispute or refund thread

[Flintboy]

Why is PWCC doing the refunding? The card is in a PSA holder, shouldn’t they be the ones contacting and refunding?

The authenticity and guarantee comes from PSA. Didn’t see anything on PSA website about going through PWCC. Maybe I need to read the fine print.

[ruth-gehrig]

Ask Jeffrey he should know

[Peter_Spaeth]

Originally Posted by Flintboy

Why is PWCC doing the refunding? The card is in a PSA holder, shouldn’t they be the ones contacting and refunding?

The authenticity and guarantee comes from PSA. Didn’t see anything on PSA website about going through PWCC. Maybe I need to read the fine print.

You missed Steve Sloan's statement, advising people with altered cards to contact their seller and only to contact PSA if the seller was "unknown."

[swarmee]

Originally Posted by Flintboy

Why is PWCC doing the refunding? The card is in a PSA holder, shouldn’t they be the ones contacting and refunding?

Since PWCC has been accused of perpetuating the fraud against customers and PSA, it was recommended to PSA that to reduce their liability, that the buyers of affected cards try to get refunds from the scammers first before making a run on the bank of Collector's Universe.
If the place you bought it from determines that they do not want to take the return, then you contact PSA about their grade guarantee. One of the big takeaways from the stockholders conference call three months ago was that PSA actually reduced their reserve fund, while everyone on this board expected them to increase it because of the scandal.

There is some hearsay that says that the big submitters to PSA and SGC were invited to meet with them and both companies highly recommended that if the submitters wanted to keep their privileges to submit, that they take all the returns and eat the losses themselves. That would absolve PSA and SGC from having to take as many returns of altered cards. COMC is refunding people who bought altered or fake cards on their site as well, and claim that they're going to inform buyers of exposed cards that they should return them for full refunds to COMC. Maybe after paying out all those refunds, COMC takes all the altered cards and submits them to PSA under the grade guarantee since they weren't the alterers, just a venue for sale?

I'm surprised nobody in this conference call asked if PWCC regained their submission privileges, or if any other scammers had their submission privileges taken away. If so, what are their names? Why isn't the "Never Get Cheated" company supplying us with a list of known alterers/trimmers?

[Fuddjcal]

Originally Posted by swarmee

Since PWCC has been accused of perpetuating the fraud against customers and PSA, it was recommended to PSA that to reduce their liability, that the buyers of affected cards try to get refunds from the scammers first before making a run on the bank of Collector's Universe.
If the place you bought it from determines that they do not want to take the return, then you contact PSA about their grade guarantee. One of the big takeaways from the stockholders conference call three months ago was that PSA actually reduced their reserve fund, while everyone on this board expected them to increase it because of the scandal.

There is some hearsay that says that the big submitters to PSA and SGC were invited to meet with them and both companies highly recommended that if the submitters wanted to keep their privileges to submit, that they take all the returns and eat the losses themselves. That would absolve PSA and SGC from having to take as many returns of altered cards. COMC is refunding people who bought altered or fake cards on their site as well, and claim that they're going to inform buyers of exposed cards that they should return them for full refunds to COMC. Maybe after paying out all those refunds, COMC takes all the altered cards and submits them to PSA under the grade guarantee since they weren't the alterers, just a venue for sale?

I'm surprised nobody in this conference call asked if PWCC regained their submission privileges, or if any other scammers had their submission privileges taken away. If so, what are their names? Why isn't the "Never Get Cheated" company supplying us with a list of known alterers/trimmers?

Isn't it obvious??? THEY are in on the scam, that's the only logical conclusion PERIOD

[Fuddjcal]

Originally Posted by Flintboy

Why is PWCC doing the refunding? The card is in a PSA holder, shouldn’t they be the ones contacting and refunding?

The authenticity and guarantee comes from PSA. Didn’t see anything on PSA website about going through PWCC. Maybe I need to read the fine print.

You don't get that Brent Mastro was in on the trimming card scam from the beginning? ., maybe they'll sue PSA for the $$$ and continue to deny deny deny, right calvindog?

[perezfan]

Originally Posted by Flintboy

Why is PWCC doing the refunding? The card is in a PSA holder, shouldn’t they be the ones contacting and refunding?

The authenticity and guarantee comes from PSA. Didn’t see anything on PSA website about going through PWCC. Maybe I need to read the fine print.

Because the FBI is on PWCC's case, and they have a competent attorney who is advising them to do the right thing. Doubtful they'd be doing it from the kindness of their hearts...

Still looking to hear from someone who was made right by PSA. Perhaps the FBI should be pressuring them equally (if they aren't already...) If PSA is let off the hook for their thousands of "mistakes" then it's a huge black eye for the hobby.

[Promethius88]

Originally Posted by perezfan

Because the FBI is on PWCC's case, and they have a competent attorney who is advising them to do the right thing. Doubtful they'd be doing it from the kindness of their hearts...

Still looking to hear from someone who was made right by PSA. Perhaps the FBI should be pressuring them equally (if they aren't already...) If PSA is let off the hook for their thousands of "mistakes" then it's a huge black eye for the hobby.

While I don't own any of the outed cards or even purchased from PWCC that I can remember, I took a card to PSA at the National that was clearly not the correct grade for the holder. They contacted me a couple weeks later via phone call and agreed and offered compensation. Not sure if you were looking for examples of PWCC scandal cards or just cards that were covered by the guarantee in general.

[JollyElm]

I wonder if during the PWCC office Christmas party 'Secret Santa,' the most common $20 or less gift is a new pair of scissors??

[Johnny630]

Originally Posted by JollyElm

I wonder if during the PWCC office Christmas party 'Secret Santa,' the most common $20 or less gift is a new pair of scissors??

LMAO

Rotatrim

[swarmee]

Didn't the guy here with the altered T3 get a reimbursement directly from PSA?

[Peter_Spaeth]

Originally Posted by swarmee

Didn't the guy here with the altered T3 get a reimbursement directly from PSA?

yes but he bought it from Dan McKee, not PWCC.

[1952boyntoncollector]

Originally Posted by Flintboy

Why is PWCC doing the refunding? The card is in a PSA holder, shouldn’t they be the ones contacting and refunding?

The authenticity and guarantee comes from PSA. Didn’t see anything on PSA website about going through PWCC. Maybe I need to read the fine print.

PWCC can go after PSA for money they spent ..

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

PWCC can go after PSA for money they spent ..

Not if they submitted the cards which I am sure in many cases they did.

[swarmee]

Well, they can try. More likely they'd get a breach of contract countersuit?

[Peter_Spaeth]

Originally Posted by swarmee

Well, they can try. More likely they'd get a breach of contract countersuit?

PWCC would not sue PSA in the first place for cards it submitted, or for cards consigned to it by known doctors.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

PWCC would not sue PSA in the first place for cards it submitted, or for cards consigned to it by known doctors.

so any cards they did not submit or get consigned to it by a known doctor you agree they could go after PSA for if they made payment on to a wronged buyer

also why bring up suing, they can submit a claim. Doesnt have to be a lawsuits..why so quick to bring up lawsuit. Some people pay based on a letter

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

so any cards they did not submit or get consigned to it by a known doctor you agree they could go after PSA for if they made payment on to a wronged buyer

also why bring up suing, they can submit a claim. Doesnt have to be a lawsuits..why so quick to bring up lawsuit. Some people pay based on a letter

Because I was responding to a post that specifically mentioned a possible countersuit. Carry on, Mr. Chao.