Read their page:
https://www.psacard.com/resources/gradingstandards
Click on the + button down at the "Grading of Hand-Cut Cards" section.
Quote:
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In order for PSA to actually assign a grade to any of the cards that possess visible/defined borders on all four sides, evidence of that border must be present or the card must exhibit virtually-full borders based on the design of the specific issue. If the cut exceeds the visible border for the card in question, PSA will encapsulate the card as "Authentic" only. If the card is severely undersized and suffers in overall eye appeal, the graders may deem the card not suitable for authentication or reject the card as minimum-sized altogether.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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