100,000 Card Lot: Refund Controversy

storm888 · July 1, 2008 6:16PM

The listing that is the subject of the linked-post was previously discussed here.

It could end up an ultra-cautionary tale about PayPal and high-dollar transactions.

Refund Please

Original Card Listing

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How would a seller know that the thing had not been looted? He wouldn't.

Not saying the buyer is bad, just that the seller has no protection.

GoDodgersFan · July 1, 2008 10:03PM

Thanks for posting this story. Wow. This is a lessons learned for sellers doing large transactions and the right
payment method to accept. I feel bad for the seller here since he did post scans of all the key cards.

billwaltonsbeard · July 1, 2008 10:46PM

this is really crappy! This buyer should be blacklisted and blocked from Ebay

Morgoth · July 1, 2008 10:47PM

I bet ebay to prevent people from turning off "paypal" for select high dollar auctions starts making Paypal the only payment accepted for auctions over lets say 1K. They will use trying to protect buyers as their reason but it's all about not missing out on these fat paydays.

rexvos · July 1, 2008 10:59PM

if i had an extra 10 grand I would take that lot and love every minute of going through it.

PoppaJ · July 1, 2008 11:03PM

Do you think this auction was really worth $9000, value-wise?

Definitely buyer's remorse...

Don't you just love when sellers sticker their gd, vg, & ex cards with mint prices??

The 54 Bowman Duke Snider card is stickered $250, which is 10x VCP price for that grade.

The 53 Topps Eddie Mathews is stickered $185 ... avg. VCP for a 4 is $40

Wonder what other surprises there are in this lot?

jimq112 · July 1, 2008 11:12PM

Buyer's remorse. If he didn't use a snipe then the high bid at the time he bid was around $4000. He bid the sun and somebody else bid the moon. What was a great buy at $4000 turned into just a good buy at $9000.

Sad thing is that he'll probably take anything good that wasn't pictured and maybe a few that were pictured, then return the rest when paypal gives him his $ back. Then the seller has to relist and anybody who saw the lot before will figure it's been cherry picked.

I wouldn't be surprised if the buyer suggests he could "settle" for a partial refund.

Leiascards · July 1, 2008 11:15PM

The seller had no choice but to accept Paypal, they joined in 2007. They should have just sold the card individually over time would have gotten more money and alot less headache. Only drawback fees would have been more, but they still more than likely would have pulled more money.

Considering the seller did not know that Paypal and pickup do not mix I doubt they followed the SPP in protecting themselves in the first place.

clydecoolidge · July 1, 2008 11:29PM

Seems like a pretty good price for that lot to me. That sucks for the seller. And I wouldn't be surprised if the buyer does cherry pick through the cards and keeps some. Pretty sad.

DerekD · July 2, 2008 12:01AM

Doesn't the buyer protection only cover up to $2000? So wouldn't the seller only have to refund $2000 when he got his cards back? Shouldn't the other $7100 be safe?

Leiascards · July 2, 2008 12:06AM

<< <i>Doesn't the buyer protection only cover up to $2000? So wouldn't the seller only have to refund $2000 when he got his cards back? Shouldn't the other $7100 be safe? >>

Nope, the seller is responsible for it all, All Paypal guarantees to pay the buyer back is 2000.00. They will attempt to recover it all for the buyer and will put a hold on his account for the full 9,000 if he removes the money..

Allen · July 2, 2008 1:51AM

This is why I posted in frankhardy's post that it is a bad idea to accept paypal on high dollar items.

storm888 · July 2, 2008 4:15AM

<< <i>This is why I posted in frankhardy's post that it is a bad idea to accept paypal on high dollar items. >>

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The fear has some merit, in all cases.

BUT, in a deal with 100,000 cards vs. 1-card, the risk seems to expand of the charts.

There is NO way the instant seller can possibly know if his stuff has all been returned.

Based on FB, the buyer is not unsophisticated.

And, as it turns out, the seller was indeed FORCED to accept PayPal because of his
registration date.

Leiascards · July 2, 2008 4:23AM

One also has to question the seller here as to WHY he was selling 100,000 cards in a lot like that in the first place. The buyer may have a legitimate claim here as well. We are obviously not seeing the bulk of the cards well enough to pass a judgement.

storm888 · July 2, 2008 4:31AM

"....We are obviously not seeing the bulk of the cards well enough to pass a judgement. "

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I agree.

Further, I suspect that much of the lot is carp.

BUT, when you buy such a lot there is an assumption of risk........... UNLESS you pay via PayPal.

PP turns every EBAY seller into an "approval service."

Leiascards · July 2, 2008 4:39AM

Based on the cards I see though the buyer probaly got a steal even if the other 90,000 cards are garbage. I am assuming we are only seeing about 10K or so cards.

Stone193 · July 2, 2008 5:26AM

From what I can see, the seller didn't establish the "prices" of the cards - he bought out an entire lot and was reselling it - as such.

He appears honest and did his best to represent what he was selling - though due to the enormous size - probably didn't have a handle on what true % were commons?

Selling something like this on ebay just seems to have too much potential grief.

From the pics, one can't tell anything about the true condition of the star cards IMO.

My take is ya can never allow returns on lots of this size.

Happy 4th!
mike

Publius · July 2, 2008 5:30AM

Hey Mike, nice to see you!!

joe

Leiascards · July 2, 2008 5:32AM

My take is ya can never allow returns on lots of this size.

Out of the question when Paypal is involved.

The seller is the only person to blame for this problem here. He asked for this headache by selling the cards as one lot and by his own listing and actions did not fully understand the Paypal SPP. If you are going to sell on Ebay and take Paypal you need to FULLY understand the problems that can arise and how to protect yourself.

This holds true for everything sold on Ebay. Remember there are more buyers scams on low cost items than high ticket items. Its the big ticket items that get the attention though. I have 2 CC chargebacks right now on 2 diffferent items sold to the same loser in a 3 week period for a grand total of 26.00.

I still think there is alot more to this story that the seller has not disclosed. Would love to hear the other side.

storm888 · July 2, 2008 5:43AM

"My take is ya can never allow returns on lots of this size."

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Hi Mike

That is correct.

BUT, PayPal is now the sole decider about refunds.

While PP is only on the hook for $2K, they will come after
the seller for the additional $7500. The seller may have
no choice but to refund or CLOSE his PP account.

In this case, the seller is not allowed to sell on EBAY w/o
a PayPal account.

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The more I look at the cards, it seems that the seller may have
gotten lazy. He could have had a better chance at a clean deal
that stuck, if he had busted the stuff into MUCH smaller lots.

I am all for listing lots, but maybe 100K cards is just too many
to put on EBAY when PayPal is in the mix.

Leiascards · July 2, 2008 5:50AM

Storm that is the biggest problem here is the sheer volume of the lot not the dollar amount. It could have sold for 100.00 and that many cards the seller would still be on the crap end of it.

I gotta ask why did he list like that. He has good established feedback as a card seller. With the cards pictured he would have probaly come close to the amount the entire auction made. What is really going on?

storm888 · July 2, 2008 6:01AM

<< <i>Storm that is the biggest problem here is the sheer volume of the lot not the dollar amount. It could have sold for 100.00 and that many cards the seller would still be on the crap end of it.

I gotta ask why did he list like that. He has good established feedback as a card seller. With the cards pictured he would have probaly come close to the amount the entire auction made. What is really going on? >>

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I suspect he was overwhelmed by the volume of cards, and tried
to take what looked like the "easy" path.

It's VERY true that the $9K is not the problem I see here. The
seller would be in MUCH better shape if he was fighting over a
single $9K card. If a refund was forced, he would at least get
the item back. NOW, he has no idea what he is going to find
in the returned lot.

One of the EBAY-board pot-stirrers will likely invite the buyer to
respond. If he's smart, he will not.

Leiascards · July 2, 2008 6:08AM

I used to hang out in SC alot, but some of those in that little clique they have over there are nothing but trouble.

SDavid · July 2, 2008 8:16AM

The
seller would be in MUCH better shape if he was fighting over a
single $9K card. If a refund was forced, he would at least get
the item back.

Unless the buyer tells paypal that you sent a different card and then returns that card to you.

100,000 Card Lot: Refund Controversy

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