eBay said today it is expanding its authentication services to cover single-tier trading cards worth more than $2,000. For the extended service, the company has partnered with Professional Sports Authenticator (PSA), a third-party trading card authentication and grading service.
Sneakers priced over $100, watches priced over $2,000, and handbags priced over $500 are already covered by eBay’s Authenticity Guarantee. eBay said in January it would start offering authentication services for unclassified trading cards purchased for more than $750 on the platform.
Scoring a trading card involves sending it to a third-party agency, which examines the condition of the card and assigns a rating. Because they have been inspected and graded using a set system, graded cards often command a higher price.
PSA, the third-party authentication company that will handle eBay’s cards, “will verify that the card matches the listing description and that the sealed plastic carrier and tag are genuine and have not been tampered with or counterfeits”, according to the press. Release. Fake trading cards are a niche but a real problem for some – Logan Paul bought $3.5 million worth of Pokemon cards that turned out to be fake. eBay’s authentication service would eventually expand to include graded cards that sold for over $250.
Collecting and reselling trading cards has seen a huge boom during the pandemic as many people were stuck at home. At one point, the wait times to get a ranked Pokemon card stretched into months, as companies like PSA were inundated with cards. Perhaps that’s why eBay clarified that the PSA team that handles its cards is separate from the people working on the backlog, which an April 28 podcast said amounted to “less than four million” cards.
Summary of news:
- Eligible business cards over $2,000 are now covered by eBay’s Authenticity Guarantee
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