This is COMPLETELY and 100% just to squeeze more margin out of return shipping costs. This is terrible for loyal repeat customers of PSA who use them often. I absolutely HATE this!
What if the difference from PSA valuation and the actual valuation could be used as credit meaning along with the 75-$100 cards now you have $1000 difference in value from your valuations to PSA's and can submit a $1000 card in that order without getting upcharges?
So unless it was a special, looks like you would have saved $35 by submitting through Game Stop as a Pro member (if you submitted with a medium FR box and no insurance). With them, it's $20 per card for sports cards and no shipping fee if you pay the $15 per year membership fee. Plus, per the reddit boards, the GS orders are being completed faster. The point is--if PSA isn't careful, they're going to end up losing subscriber money. Recent specials for ultra modern cards have been weak, and they're now incentivizing people to use a group submitter.
These changes would be fine if they would just have some level of consistency in their grading. One order to the next can be wildly different and that is probably the most frustrating thing with PSA at this point in time... I get shipping insurance is expensive and I roll that in so it it $1-$2 more per card. This only really hurts when the Grader of Death gets your order and rips apart your carefully inspected order by dropping 8's and 9's all over what would be mostly 10's in another order. I guess this is the gamble we have with grading at PSA now... I also think this is a push to get folks to go directly to selling on eBay so people will "save" on shipping.
I am a PSA dealer/group submitter. I spoke to my rep today at PSA and told him my distaste of the declared value changes and the increased shipping insurance this creates. He said others are complaining as well and it's becoming....louder. He asked that I write an email to him so he could forward to the powers that be. I highly suggest if anyone has free time to flood PSA with emails about your displeasure of this. Not sure the world can be changed that way but at least we can tell them "this sucks" and let them know it. In the meantime, I'm going to explore opening my own FedEx account. In doing that, PSA does allow you to control your own insurance charges coming back on shipments.
Update to this. My PSA rep just texted me. PSA has removed this feature - there was too much negative feedback. It is now back to normal (what it was). No automatic declared value fills in. For anyone that emailed PSA, the power of the people still works!
Every card will now be at max value for the tier. Insurance rates will be computed at the max. Just saw a FB post claiming return shipping with the new insurance rate was $70, 3.5x former submissions.
PSA already has idea of values of graded cards. They can auto calculate a fair market value, which I hope they eventually will, and base insurance on that. That’s what they should do, rather or not they do, we’ll see.
@@jimbobrobertson3285how they going to do that for low pop cards? And how are they going to pre determine the grade, because that is a major factor in the value for insurance on the return shipping.
Thanks for the update NEO. I appreciate you giving the news on this, but two things. First, this is flat out a money grab by PSA as now they justify making you pay for the higher return insurance. This might not seem like much, but $20-25 per order is going to be a lot of money. No way are they going to give you $500 for a card that is valued at $100, but are going to charge the extra insurance. Sorry if I don't think this is right. And second, while being correct about if you don't like it, don't grade with them statement, you know as well as I if you want to sell graded cards, you have to use PSA. If I just wanted to grade PC cards, I would be using CGC and SGC all day. What I try to do know if send in about 20-25 cards with 5 or so of them being PC cards. Then sell the other cards to pay for these cards. I am probably not he only one that does this. As someone mentioned below, this sure encourages trying Game Stop. Hopefully I see you this weekend at the Canton show. Until next time....
Completed a 32-card vintage special yesterday, vaulting them all and shipping was $50. That compares very favorably to other comparable-sized subs I’ve done where my highest declared value was $175. So thinking they’re making some behind-the-scenes adjustments to keep shipping “fee neutral”
This is absolutely insane, and its a complete scam. PSA is making their customer pay to insure each card at $500, but PSA is paying to insure at the actual price of the card. The difference goes in their pocket. Because there is NO WAY if cards are damaged/lost/stolen that PSA is paying $500 per card, they are paying what they determine the value to be.
There only really can be 1 LEADER on grading and standards in this industry. A bit like that subscription that a whole bunch of us paid for(Beckett)(had to do that for the others). There should be a standard and that is the set going price/rate, if someone chooses to gamble and start that auction at .99 that is a individuals priority and choice to either have it sell for less or more than market value. This hobby is also built on a whole bunch of emotions, so who knows what or why that last sale went for what it did. I think there needs to be more of understanding of cost and need and want. Someone may have been on there last leg and bought a box from Wal-Mart and pulled a great card listed wrong on ebay and it sold for 10% of what is should of, then BRAD says well the last comp is......... and yeah!!!!
I wonder if they may keep the inflated shipping costs in order to persuade more people to use their direct to eBay option more than the would have otherwise.
I like this. When I submit. I put max value for insurance purposes. If it gets lost or damaged in shipping or possession than I get to negotiate the real value. Plus don't forget. If you are a psa member you get reduced shipping through fed ex.
Return shipping was my least favorite 'feature' of the PSA 'experience' from the get go... Declared value being welded to shipping costs is fine if it's based on the results of grading, not on a submitters hope that he/she is going to get high grades when submitting... That's pretty clear exploitation... And why all the caveats about 'if you don't like it, don't use the service'... we all know that we are to some extent captive to PSA because of the ROI canyon between them and any other grading company...
100% agree...So now I have to pay insurance on a slab that is worth $40 in a psa 9 at $500 delcared value? This is all so so so broken now. I already hated return shipping insurance and now it's basically double what it was before. Anyone have insight into what it takes to create your own FedEx account and use that? PSA will allow you to do that on the orders.
This might be a cool thing to do if ok I just filled out a submission and each card was automatically set at the upper limit of 300 or 400, either one but what could be cool about that is let's say I have 4 cards that are actually worth $100 in a psa10 but PSA declared the upper limit let's say it was $1200 for the 4 cards. Ok cool so $1200-$400=$800. That means I have $800 of wiggle room to where I can submit a higher value card in this submission. That would be cool I think.
But what wasn't cool was the $75 return shipping for the 26 cards I was to submit. Im actually not going to send that submission in unless they can lower that return shipping charge to something more reasonable.
@@NEO_Cards_Comics I know how upcharges work, my example would be a way to eliminate upcharges. The more cards you submit if they are going to the upper limit then the bigger the card you can gain "credit" for to grade assuming the actual value be less than the declared value PSA uses in your order. You get what I'm saying tho?
@@NEO_Cards_Comics update, so I hit up PSA and Shawn replied at first saying they couldn't change the shipping charges because the declared value was already submitted to fed-ex, I replied asking if we could switch to USPS because I'll have a PO box soon( I heard from SCV Cards on one of his vids that he has a PO box because PSA will shut back to a PO box and either it's insured more or he just doesn't pay as much and has never had an issue with delivery like he has when going thru FedEx) all that for Shawn to just ignore and say that customers will now be able to adjust the declared value as they are finishing the submission form. Do you know anything about the benefits of having a PO box and getting orders from PSA?
I will see how it plays out, I have a lot of cards I want to get graded but I don't have to have it done anytime soon because it's not to sell. I let the membership go back when they raised the membership fee. Guess I will grade down the road when I need it for value.
I always put the max value on every submission for every card. If DV is 500 but card is 250, I'm fine getting 250. But I'm making sure I'm getting max no matter what
I really don't think every card will now just be at "max' value, that would be ridiculous. I'm sure PSA is integrated with cost data to know what each card should sell at when you first enter it on your submission form. Why assume that an Elly Bowman 1st would be $500 when there's tons of evidence it would be closer to $75? That just makes more sense. Too much data out there to not integrate it into PSA's system.
They must lower their USPS return shipping fees then!. Scam by PSA and no actual benefit with this change. smoke screen to make more money on back end UNLESS they modify return shipping costs.
Yep, if they are using actual value anyways, this has no benefit to submitters except for saving 5 minutes or so when putting in declared values. Since they aren't insuring any higher value when using market values, it is only money going into PSA coffers. This has to be changed
This is COMPLETELY and 100% just to squeeze more margin out of return shipping costs. This is terrible for loyal repeat customers of PSA who use them often. I absolutely HATE this!
I routinely send $75-100 cards. Why would I want $499 insurance on each card and increase my shipping? Lame.
What if the difference from PSA valuation and the actual valuation could be used as credit meaning along with the 75-$100 cards now you have $1000 difference in value from your valuations to PSA's and can submit a $1000 card in that order without getting upcharges?
Shipping from buying a card on PSA ebay vault increased to 5.99 as well.
Already in action. Did a submission this morning. 55 card order, $75 return shipping
I thought return shipping is included in the price of grading. I get you have to pay to ship to them
@@warhammerfactionoh sweet summer child
So unless it was a special, looks like you would have saved $35 by submitting through Game Stop as a Pro member (if you submitted with a medium FR box and no insurance). With them, it's $20 per card for sports cards and no shipping fee if you pay the $15 per year membership fee. Plus, per the reddit boards, the GS orders are being completed faster. The point is--if PSA isn't careful, they're going to end up losing subscriber money. Recent specials for ultra modern cards have been weak, and they're now incentivizing people to use a group submitter.
@@cards999 Thanks for sharing cards999. I was looking at Game Stop as a viable option. This new policy may make this happen
I'd like to grade my cards but this process is just too risky and complicated and expensive for me.
It's not risky at all. It's 2024. They can all be tracked all the time.
@@dklauf It's not the shipping it's the stories about fraud and mistakes and damaged products etc.
@@johnphipps3287 It is more disappointing than it is risky! They're the only game in town for monetizing cards.
Amen
These changes would be fine if they would just have some level of consistency in their grading. One order to the next can be wildly different and that is probably the most frustrating thing with PSA at this point in time... I get shipping insurance is expensive and I roll that in so it it $1-$2 more per card. This only really hurts when the Grader of Death gets your order and rips apart your carefully inspected order by dropping 8's and 9's all over what would be mostly 10's in another order. I guess this is the gamble we have with grading at PSA now... I also think this is a push to get folks to go directly to selling on eBay so people will "save" on shipping.
I am a PSA dealer/group submitter. I spoke to my rep today at PSA and told him my distaste of the declared value changes and the increased shipping insurance this creates. He said others are complaining as well and it's becoming....louder. He asked that I write an email to him so he could forward to the powers that be. I highly suggest if anyone has free time to flood PSA with emails about your displeasure of this. Not sure the world can be changed that way but at least we can tell them "this sucks" and let them know it. In the meantime, I'm going to explore opening my own FedEx account. In doing that, PSA does allow you to control your own insurance charges coming back on shipments.
Update to this. My PSA rep just texted me. PSA has removed this feature - there was too much negative feedback. It is now back to normal (what it was). No automatic declared value fills in. For anyone that emailed PSA, the power of the people still works!
Return insurance could make or break the entire submission, eating into flipping margins
Every card will now be at max value for the tier. Insurance rates will be computed at the max. Just saw a FB post claiming return shipping with the new insurance rate was $70, 3.5x former submissions.
PSA already has idea of values of graded cards. They can auto calculate a fair market value, which I hope they eventually will, and base insurance on that. That’s what they should do, rather or not they do, we’ll see.
@@jimbobrobertson3285how they going to do that for low pop cards? And how are they going to pre determine the grade, because that is a major factor in the value for insurance on the return shipping.
Shipping is the exact thing that I first thought when I heard this
Thanks for the update NEO. I appreciate you giving the news on this, but two things. First, this is flat out a money grab by PSA as now they justify making you pay for the higher return insurance. This might not seem like much, but $20-25 per order is going to be a lot of money. No way are they going to give you $500 for a card that is valued at $100, but are going to charge the extra insurance. Sorry if I don't think this is right. And second, while being correct about if you don't like it, don't grade with them statement, you know as well as I if you want to sell graded cards, you have to use PSA. If I just wanted to grade PC cards, I would be using CGC and SGC all day. What I try to do know if send in about 20-25 cards with 5 or so of them being PC cards. Then sell the other cards to pay for these cards. I am probably not he only one that does this. As someone mentioned below, this sure encourages trying Game Stop. Hopefully I see you this weekend at the Canton show. Until next time....
I wonder what happens to the PSA specials with regards to shipping? Usually the declared value is no more than $200-$300 I believe.
Completed a 32-card vintage special yesterday, vaulting them all and shipping was $50. That compares very favorably to other comparable-sized subs I’ve done where my highest declared value was $175. So thinking they’re making some behind-the-scenes adjustments to keep shipping “fee neutral”
This is absolutely insane, and its a complete scam. PSA is making their customer pay to insure each card at $500, but PSA is paying to insure at the actual price of the card. The difference goes in their pocket. Because there is NO WAY if cards are damaged/lost/stolen that PSA is paying $500 per card, they are paying what they determine the value to be.
This is exactly what’s up
I was just about to say the same thing. No way PSA is going to give you $500 for a $100 card, but yet will make you pay the insurance for it.
There only really can be 1 LEADER on grading and standards in this industry. A bit like that subscription that a whole bunch of us paid for(Beckett)(had to do that for the others). There should be a standard and that is the set going price/rate, if someone chooses to gamble and start that auction at .99 that is a individuals priority and choice to either have it sell for less or more than market value. This hobby is also built on a whole bunch of emotions, so who knows what or why that last sale went for what it did. I think there needs to be more of understanding of cost and need and want. Someone may have been on there last leg and bought a box from Wal-Mart and pulled a great card listed wrong on ebay and it sold for 10% of what is should of, then BRAD says well the last comp is......... and yeah!!!!
I love this change. I assume they will adjust the shipping because that would be a big deterrent.
Shipping for express service went from 19.99 to 34.99 as of yesterday.
Ill never not find 'we need to pay upcharges so when PSA makes a mistake we can pay for it' amusing.
They are going to be making more on shipping with this scheme…. 100%
I wonder if they may keep the inflated shipping costs in order to persuade more people to use their direct to eBay option more than the would have otherwise.
I like this. When I submit. I put max value for insurance purposes. If it gets lost or damaged in shipping or possession than I get to negotiate the real value.
Plus don't forget. If you are a psa member you get reduced shipping through fed ex.
$75 doesn't seem like much of a discount to me and Im a preferred member.
Return shipping was my least favorite 'feature' of the PSA 'experience' from the get go... Declared value being welded to shipping costs is fine if it's based on the results of grading, not on a submitters hope that he/she is going to get high grades when submitting... That's pretty clear exploitation... And why all the caveats about 'if you don't like it, don't use the service'... we all know that we are to some extent captive to PSA because of the ROI canyon between them and any other grading company...
All of this exactly
100% agree...So now I have to pay insurance on a slab that is worth $40 in a psa 9 at $500 delcared value? This is all so so so broken now. I already hated return shipping insurance and now it's basically double what it was before. Anyone have insight into what it takes to create your own FedEx account and use that? PSA will allow you to do that on the orders.
This might be a cool thing to do if ok I just filled out a submission and each card was automatically set at the upper limit of 300 or 400, either one but what could be cool about that is let's say I have 4 cards that are actually worth $100 in a psa10 but PSA declared the upper limit let's say it was $1200 for the 4 cards. Ok cool so $1200-$400=$800. That means I have $800 of wiggle room to where I can submit a higher value card in this submission. That would be cool I think.
But what wasn't cool was the $75 return shipping for the 26 cards I was to submit. Im actually not going to send that submission in unless they can lower that return shipping charge to something more reasonable.
Yea that won’t work the value you think. It’s the value of each card not the total value of the sub when they calculate upcharges.
@@NEO_Cards_Comics I know how upcharges work, my example would be a way to eliminate upcharges. The more cards you submit if they are going to the upper limit then the bigger the card you can gain "credit" for to grade assuming the actual value be less than the declared value PSA uses in your order. You get what I'm saying tho?
@@NEO_Cards_Comics update, so I hit up PSA and Shawn replied at first saying they couldn't change the shipping charges because the declared value was already submitted to fed-ex, I replied asking if we could switch to USPS because I'll have a PO box soon( I heard from SCV Cards on one of his vids that he has a PO box because PSA will shut back to a PO box and either it's insured more or he just doesn't pay as much and has never had an issue with delivery like he has when going thru FedEx) all that for Shawn to just ignore and say that customers will now be able to adjust the declared value as they are finishing the submission form. Do you know anything about the benefits of having a PO box and getting orders from PSA?
I will see how it plays out, I have a lot of cards I want to get graded but I don't have to have it done anytime soon because it's not to sell. I let the membership go back when they raised the membership fee. Guess I will grade down the road when I need it for value.
I wonder if PSA slabs would survive a tornado or hurricane?
I always put the max value on every submission for every card. If DV is 500 but card is 250, I'm fine getting 250. But I'm making sure I'm getting max no matter what
I really don't think every card will now just be at "max' value, that would be ridiculous. I'm sure PSA is integrated with cost data to know what each card should sell at when you first enter it on your submission form. Why assume that an Elly Bowman 1st would be $500 when there's tons of evidence it would be closer to $75? That just makes more sense. Too much data out there to not integrate it into PSA's system.
Return shipping from PSA is stupid high. Going back to group submitters
@@htsports3232 Group subbing may not be the answer. They will raise their prices due to this.
It’s just verbiage! Just declare your cards correctly…. It’s easy, cmon man!
You won't get to enter declared values as I understand it
@ then that’s a new form, my comment was to the last 2-1/2 years I’ve been grading.
So I’m paying $500 insurance for a $175 card ?
yes, but if the card is damaged/lost/stolen, you only get the $175, not $500
They must lower their USPS return shipping fees then!. Scam by PSA and no actual benefit with this change. smoke screen to make more money on back end UNLESS they modify return shipping costs.
Yep, if they are using actual value anyways, this has no benefit to submitters except for saving 5 minutes or so when putting in declared values. Since they aren't insuring any higher value when using market values, it is only money going into PSA coffers. This has to be changed
we are making fed ex richer...
Insanely petty just so they can squeeze a bit more out of the shipping charge margin. Like, super pathetic.
You guys are still grading cards 3-4 years after Covid bubble smh. Throw it in a one touch and enjoy, it’s the same card.