Quote:
Originally Posted by mintacular
Besides the .30 listing fee, also consider you will need to ship your cards to them and over time storage fees after 90 days began .01, so think more like .35 per card. Here's the other kicker, the first time a card gets listed there is a .25 listing fee that yes gets paid by the buyer technically, it will price your quarter card .25 higher than others on the site that have been flipped already and will not have that higher cost built in. Also, don't forget your original acquisition cost for your card, I'm sure your quarter card cost you .05 or .10 originally or whatever. Additionally, your plan to buy a "nice" card with your money made is harder set than done as most of these are overpriced at COMC. So if you cash out, which may happen, you are hit with another 20% fee. Back to the immediate topic at hand....
So for example. Let's take a $1.00 card, we'll say a EX condition 1975 Topps Rod Carew. Let's say you got a good deal on it at .25
You send it in for .30 + .05 to ship/possible storage fee, + your acquisition card we'll say .25, then the initial .25 listing fee, and let's ASSUME you get a buyer to pay $1.00 .75 + .25 listing fee. You've now pocketed .10 on this dollar card you bought for .25. If you would cash out you would actually lose money .10 to be exact. AND this assumes you don't select the eBay/amazon option so that would actually be ANOTHER 20% off.
In short, there are millions of dollar cards that SHOULD NEVER HAVE BEEN SENT TO COMC if this simple math is understaood please don't add to the pile!!!!!
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This is one reason I'm getting frustrated at COMC. As I buyer I'm paying a dollar for a card the seller is getting .10 of it. As I'm a buyer of mainly commons and cheap cards. Plus trying to find cards The new sorting set up is helpful but just going through 1000s of cards that I have that's way to long.
The sellers have to add in to their asking price: their cost of card, shipping to , processing fee, profit, check out fee, Then I get hit with .25 handling per card plus 3.99. (that is .04 if I ship 100 cards as I do). Yes I get 5.00 for next month but that makes me buy more cards.
I was told a while back that they would love to get rid of all the cards under 1.00 but it was almost impossible with the shipping cost, He stated they would like to just sell cards over 2.00 value and get out of the common business.