I want to talk about VeriSwap, just a bit...

[aguinness]

I'm sure many others here have found VeriSwap, which brands itself as a trading platform (while also offering the alternative to buy things outright). I enjoy trading quite a lot, and though it might be good to have a thread to share experiences. I've got a few quick thoughts, and I'll share a concern on note in a second post.

• The search function isn't great, especially not being able to limit saved searches to cards newly listed.
• There's a lot of modern. I'm primarily a vintage baseball guy, and over the past few months the inventory has steadily gone up (it's around 4,100 vintage baseball now, although the vintage designation goes from 1900 to 1986).
• A ton (majority?) of cards are overpriced. But I think that's not symptomatic of this platform, that type of pricing is everywhere, from card shows to eBay to everywhere else.
• I haven't had a deal fall through, but on one deal my trade partner sent the cards later than the 48-hour window that is required by a couple days. I couldn't tell if the partner was bailing on the deal (and paying a fee), or had requested a delay in shipping. VeriSwap apparently doesn't notify trade partners when one is granted a delay, which I suggested they do. Seems like a fair and best practice.
• Fees overall seem OK, and I do appreciate being able to pay for shipping in the app and then having a QR code to present at the post office. I'd like for that shipping to have a signature required option, though.
• The app sends a bunch of notifications that aren't clear what they are for. For instance, when cards I have traded for arrive at VeriSwap and then are added to my inventory, I get a notification, but when I open the app there's nothing that says so explicitly.

I don't think VeriSwap makes trading any easier to accomplish, necessarily. It can be hard to match up on a deal, especially on any deals with non-ultra modern stuff, as everyone has their preferences on what they prioritize for condition. But it is nice to have a platform where trading is the focus.

[aguinness]

I've made six trades on VeriSwap since joining, and mostly they've gone through without problem. One trade took way too long. Here's time frames on all my deals where I have received my cards:

Trade 1
Agreed to: Oct. 23
Cards delivered to me: Nov. 2

Trade 2
Agreed to: Nov. 17
Cards delivered to me: Nov. 27

Trade 3
Agreed to: Jan. 11
Cards delivered to me: Jan. 31

Trade 4
Agreed to: Jan. 18
Cards delivered to me: Jan. 30

Trade 3 took nearly three weeks from agreeing to receiving my cards, which is ridiculous, and Trade 4 was agreed to a week after Trade 3 was, but those cards arrived before Trade 3 cards did.
I first reached out to VeriSwap regarding the extended time it was taking on Jan. 20, but their response did not address this concern. I emailed again on Jan. 24, with a response that they would expedite the shipment to me. I emailed again on Jan. 27, asking what the issue was, and at that point they finally noted that the delay was caused by "a high volume of trades."

I think waiting 10 days or so is reasonable, considering there is a middleman that ensures everything is correct. But the delay for Trade 3 and lack of solid communication around it are an area of concern for me.

How have other people found this platform?

[BoSoxFan1999]

I just joined Veriswap a couple days ago and it is a pretty cool concept, but man, their app is buggy AF. Even the website is sorta wonky at times too. But being able to trade cards for a minimal fee (probably less than 5% after factoring in shipping fees as well as trading fees) is a lot cheaper than feeBay. But it seems that you really need to make a deal of at least $500+ or the fees don't make it much cheaper than selling your cards on Ebay and then buying what you want.

I'm on the verge of making my first deal (~$2.6k in cards total), so I'll report on how the whole process goes.

[Budler]

As I'm always looking for new places to trade or buy cards on my PC. Some time back I exchanged a list of sites that we have used. Veriswap showed up on his list. I checked it out and do not use it. Reasons:
1. I'm not into graded cards.
2. Very few raw cards and prices are way too high for me.
3. Checking today I find only one card that I needed at $11 and I can buy it for $3 on COMC.
4. Cards I have to trade (over 100,000) are not cards that member on Veriswap would want.
5. No cell phone so apps are no go to me.

Complaining about a 20-day delivery of cards through the mail. When you have X number of days to send to a person who has to wait for both sides and then verify. Then he has X number of days to send out. To me 14 to 20 days would be normal. Then again, I do not have a cell phone that alerts m when something happens. Then you are talking about cards you do not send out in a PWE/ESE.

[Braswell10]

The thing that annoys me the most are the people that way overvalue their cards while simultaneously undervaluing yours.

There are way too many people like that in the app

[BoSoxFan1999]

Originally Posted by Braswell10

The thing that annoys me the most are the people that way overvalue their cards while simultaneously undervaluing yours.

TBH, is it really that different from a card show? lol

[Budler]

Originally Posted by Braswell10

The thing that annoys me the most are the people that way overvalue their cards while simultaneously undervaluing yours.

There are way too many people like that in the app

It has been that way as long as I have been collecting. That is a long time. All of the guys I used to collect with no longer collect. Now mainly online. The card shops would use Beckett when selling and Tuff Stuff when buying.

The big different is the different between the over value and under value is a lot smaller when you are eye to eye.

[aguinness]

Originally Posted by Budler

Complaining about a 20-day delivery of cards through the mail. When you have X number of days to send to a person who has to wait for both sides and then verify. Then he has X number of days to send out. To me 14 to 20 days would be normal. Then again, I do not have a cell phone that alerts m when something happens. Then you are talking about cards you do not send out in a PWE/ESE.

Veriswap requires shipment within 48 hours after a deal is agreed to, and there are fines when users don’t. Users can request an extension, but there isn’t notification to the trade partner. 20 days is twice what I’d consider normal for the process to play out.

[aguinness]

Originally Posted by Braswell10

The thing that annoys me the most are the people that way overvalue their cards while simultaneously undervaluing yours.

There are way too many people like that in the app

Originally Posted by BoSoxFan1999

TBH, is it really that different from a card show? lol

I agree with both of these - and no different from eBay, COMC and well … everywhere!

[BoSoxFan1999]

Finished my first trade on Veriswap (involved a $1k+ card on both sides). Here's the timeline for the trade:

2/27: trade confirmed
3/3: card I traded mailed out via Veriswap-provided label (requested a couple extra days to ship via support as my card I was trading was delayed in shipping....they extended the shipping window no problem)
3/5: Veriswap hub (in Palo Alto, CA) received my card (my counterpart's card was already received by Veriswap at that point)
3/5: get confirmation of shipping notice created for my card
3/6: my inbound card shipped
3/10: card delivered

So 12 days from trade agreement to delivery to my inbox (would have been 10 days if I had my card in hand to ship immediately after the trade was confirmed).

The total value of the trade was $2,500 and I paid $51 in fees. I'm curious how Veriswap prevents people from vastly understating the value of their cards to skirt paying higher fees, as estimated values are all input by users.

[jstephens24]

idk why people over value their own cards. the fee is based on that value. Even if you do list high, you should enable the option to BIN.

dealing with a seller right now that won't message or respond. Think his value is very high but I would BIN but the person just ignores. Veteran who has made 10+ trades with all positive feedback so idk whats the deal. very frustrating

[1yunggun]

Lots of issues w/ Veriswap lately with packages getting "lost" and Veriswap providing no assistance. Several thousand $ cards shipped without any insurance .The person that runs it has been removed from multiple Facebook sports groups just today... I'll post a link this evening.

[BoSoxFan1999]

Originally Posted by 1yunggun

Lots of issues w/ Veriswap lately with packages getting "lost" and Veriswap providing no assistance. Several thousand $ cards shipped without any insurance .The person that runs it has been removed from multiple Facebook sports groups just today... I'll post a link this evening.

Yikes, that's not good.

[Bosoxfan5990]

Originally Posted by 1yunggun

Lots of issues w/ Veriswap lately with packages getting "lost" and Veriswap providing no assistance. Several thousand $ cards shipped without any insurance .The person that runs it has been removed from multiple Facebook sports groups just today... I'll post a link this evening.

[1yunggun]

Originally Posted by Bosoxfan5990

Newest issue has been addressed after being called out, but read through the comments and judge for yourself. Never used it, so I'm just reporting what others have experienced.https://www.facebook.com/share/p/1AkN94zrhV/

[1yunggun]

This was newest issue called out that has finally been resolved after call out https://www.facebook.com/share/p/19D4UZswpg/

[Bosoxfan5990]

Can you post a synopsis here?

[Budler]

Originally Posted by aguinness

Veriswap requires shipment within 48 hours after a deal is agreed to, and there are fines when users don’t. Users can request an extension, but there isn’t notification to the trade partner. 20 days is twice what I’d consider normal for the process to play out.

A couple of things here. I may not understand how things really work there.

1. Does printing out a label counts as shipment or does the first PO scan counts.
2. How do they verify it was shipped on time? Do they look at each post marking?
3. Then you are talking about the Post Office. It appears you have not read all the stories. Why blame the seller or veriswap and not the PO?
4. If I understand correctly your cards are being mailed twice. They are waiting for both sides before they ship. Maybe your side was late because of the PO.
5. Do they have a "normal" stated time frame which in you will be receiving your cards? or just what you think it should be?

Over all the years I have traded (1000s) and all the different sites, most of the time, I have seen packages and PWEs take from a few days to almost a month. Yes I check the PO marking on the late ones. Only a few are not mailed, when they said they sent it. NO middleman.

The fastest was the next day and the longest was a day short of being a full year. For me lost cards in the mail are less than half of a %. One area in CA. is where I have lost most of them.

[BoSoxFan1999]

Originally Posted by Budler

A couple of things here. I may not understand how things really work there.

1. Does printing out a label counts as shipment or does the first PO scan counts.
2. How do they verify it was shipped on time? Do they look at each post marking?

1. No, it only counts as "shipped" after you drop it off at the post office and a clerk scans it in. I usually have the post office print the label off for me, as I can see them scan the package in right in front of my face.
2. See 1. Post office just needs it in its possession (and scanned) to count as "shipped".

I just agreed to my 2nd Veriswap trade (well, cash sale + trade). Hoping this one goes as smoothly as the first one. Lol

[1yunggun]

Originally Posted by Bosoxfan5990

Can you post a synopsis here?

So basically a guy did a trade for a card worth like 5 grand. Card got 'lost". Allegedly,there was no extra insurance, other than the built in $100 . When he tried to press about a refund, Veriswap went silent, until getting called out yesterday. Now today, a guy who was helping the guy who lost his card to get his money back, had his account deactivated by Veriswap. This was a member with over 200k in trades done in the platform. According to several people, many who have tried to message them about issues have been blocked. There are a couple other members who have posted similar stories,who still havent been made whole yet . Do what you will with the info. Can be found on Sports Card Scammers Facebook page if you wanna read more .

[Bosoxfan5990]

Originally Posted by 1yunggun

So basically a guy did a trade for a card worth like 5 grand. Card got 'lost". Allegedly,there was no extra insurance, other than the built in $100 . When he tried to press about a refund, Veriswap went silent, until getting called out yesterday. Now today, a guy who was helping the guy who lost his card to get his money back, had his account deactivated by Veriswap. This was a member with over 200k in trades done in the platform. According to several people, many who have tried to message them about issues have been blocked. There are a couple other members who have posted similar stories,who still havent been made whole yet . Do what you will with the info. Can be found on Sports Card Scammers Facebook page if you wanna read more .

I'm assuming it got lost en route from Veriswap to the trading party, not from the original trader to Veriswap, correct?

[1yunggun]

Originally Posted by Bosoxfan5990

I'm assuming it got lost en route from Veriswap to the trading party, not from the original trader to Veriswap, correct?

Correct. Empty package arrived to him from Veriswap.

[Bosoxfan5990]

Originally Posted by 1yunggun

Correct. Empty package arrived to him from Veriswap.

Bogus that Veriswap won't do anything.

I used it for a couple low dollar trades a year or two ago.

My buddy has used it far more often and his most recent trade is missing a card.

[1yunggun]

Originally Posted by Bosoxfan5990

Bogus that Veriswap won't do anything.

I used it for a couple low dollar trades a year or two ago.

My buddy has used it far more often and his most recent trade is missing a card.

That sucks. They did refund the latest issue I posted about, but it wasn't until right after they were called out on Facebook.

[Bosoxfan5990]

Originally Posted by 1yunggun

That sucks. They did refund the latest issue I posted about, but it wasn't until right after they were called out on Facebook.

It's all fun and games when things are running smoothly, but a company really shows their true colors when things don't go right.

Far too often, it takes getting called out on practices publicly to get any traction.