PWCC Auctions - Mystery Bid Post Auction?

[perezfan]

Amazing that it's their customer service (of all things) that troubles the PWCC loyalists here. Really dismayed to see how many people are willing to overlook blatant criminal practices, just to obtain cardboard.

Their pathetic customer service would be the very least of my concerns. But to each his own I suppose.

[Peter_Spaeth]

Originally Posted by perezfan

Amazing that it's their customer service (of all things) that troubles the PWCC loyalists here. Really dismayed to see how many people are willing to overlook blatant criminal practices, just to obtain cardboard.

Their pathetic customer service would be the very least of my concerns. But to each his own I suppose.

Not cardboard my friend, plastic.

[BobbyStrawberry]

So they don't allow you to receive the thing that you buy unless you wait and then make a special request for it? I'll prefer to bid on auctions that allow you to receive your winnings...

[Peter_Spaeth]

Originally Posted by BobbyStrawberry

So they don't allow you to receive the thing that you buy unless you wait and then make a special request for it? I'll prefer to bid on auctions that allow you to receive your winnings...

You find fault with the default to the vault, eh?

[BobbyStrawberry]

Originally Posted by Peter_Spaeth

You find fault with the default to the vault, eh?

Yes, halt the vault default!

[Carter08]

I can’t find my vault account to see the card I allegedly bought. Thankfully it’s Grove and not Ruth!

[jayshum]

I thought previous posts indicated that their site defaulted to the vault, but you could just change that to select having the card shipped to you which then added on sales tax and shipping charges.

[perezfan]

Originally Posted by Peter_Spaeth

Not cardboard my friend, plastic.

Aha.... I stand corrected!

[Lorewalker]

Originally Posted by perezfan

Aha.... I stand corrected!

Actually you are both wrong. These are assets.

[Peter_Spaeth]

https://www.youtube.com/watch?v=_6FBfAQ-NDE

[frankbmd]

Originally Posted by Peter_Spaeth

Not cardboard my friend, plastic.

So it was a PWCC rep who was advising Dustin Hoffman in THE GRADUATE, while Anne Bancroft was otherwise occupied.

[BobbyStrawberry]

Originally Posted by frankbmd

So it was a PWCC rep who was advising Dustin Hoffman in THE GRADUATE, while Anne Bancroft was otherwise occupied.

Lol. He was waaaaay ahead of his time

[Blunder19]

I think its interesting that their default is when you buy a card it goes to their vault.. and when you sell a card the money stays in your PWCC account..

So I never get a payout when i sell a card and i never physically receive a card when I buy one.. those are horrible default settings!

[Peter_Spaeth]

Maybe PWCC can do derivatives next. I'm wanting to buy May 2022 call options on Ja Morant PSA 10 Prizm rookies.

[Carter08]

Originally Posted by Peter_Spaeth

Maybe PWCC can do derivatives next. I'm wanting to buy May 2022 call options on Ja Morant PSA 10 Prizm rookies.

Ha. Seriously that’s an untapped market and probably not far off. I’d like to short Zion Williamson (and I went to Duke).

[BobC]

Originally Posted by Peter_Spaeth

Maybe PWCC can do derivatives next. I'm wanting to buy May 2022 call options on Ja Morant PSA 10 Prizm rookies.

Ha!

Why not, they're already doing the equivalent of margin loans.

And I even said elsewhere I wouldn't be surprised to see them at some point have people just open accounts with them and deposit money into it, and then they go out and buy cards (or even partial interests in cards) for those people because they don't know what cards to buy themselves. These people could even use loan money from other items in the vault to put the cash in these "investment" accounts, and really make them margin accounts. And if they had enough people with enough money looking to do this, I could easily see them pooling such funds to buy these people something like the restored Wagner in the SCP auction. They wouldn't necessarily need to charge any type of investment fee as they'd eventually get the buyer's commission when they ultimately sold the card(s) they bought. Plus I'm guessing there is an interest charge on the loans.

However, doing things like derivatives or investment type accounts, where they pick and choose cards for people, may actually cross a line to where they would have to legally register as some type of investment advisory firm, have employees get licensed, and the whole nine yards. Somehow, I don't think they want to go down that rabbit hole, at least not yet. LOL

[jayshum]

Originally Posted by Blunder19

I think its interesting that their default is when you buy a card it goes to their vault.. and when you sell a card the money stays in your PWCC account..

So I never get a payout when i sell a card and i never physically receive a card when I buy one.. those are horrible default settings!

I'm pretty sure most slot machines now don't give out money automatically when you win, you have to press a button to get your winnings out. That way, if you don't see and touch it, it's easier to just keep spending it. Same idea as what PWCC is doing with keeping your money in their account.

[Republicaninmass]

Earning interest? Cant you buy pwcc bonds as well?