It wasn’t long ago that we unveiled a new advertisement going into Beckett and other major subscriptions. Today, we wanted to give you a sneak peek of an ad that will be hitting the shelves very soon and give you a chance to earn some store credit to boot!
Without further adieu, I give you our newest ad:
Click to Enlarge
At COMC, we frequently have customers compare us to ebay, and we thought it would be nice to highlight some of the things you have told us, and maybe some of the things you might not know. But the honest truth is, comparing us to Ebay is like comparing….well I think you get it.
From June 8th to June 12th, we will be running a contest on Facebook. Every user who shares this image on their Facebook page will be entered into a drawing. The pot will be worth $5 + $.25 for each share this image has received! The winner will be announced on June 13th on Facebook.
So tell us, what do you think of this ad? Please leave your comments below and keep following us on the blog, Facebook, Twitter, and our new Google+ page. Don’t forget to Share us on Facebook for a chance to win the contest!
Lastly, if you haven’t already heard about The Vault, check out our blog post and see how you have another option for your high end cards now as well.
We at COMC are proud to announce the launch of a new service designed to handle your high end items: the Vault. You will access this new service through a new subdomain: http://vault.comc.com. As a separate site from COMC.com, it will have a few key distinguishing features to optimize the sale and purchase of collectibles of the highest value. Whereas COMC has historically found a sweet spot with items in the $1-$100 range, the Vault will really make it worth sending us $100+ items.
Why You Want To Use The Vault
Only 10% commission on all items sold
High quality 36x zoom scans of front and back of each item
Items may be showcased at some of the most prestigious shows in the country
Additional payment options (e.g. wire transfer)
It is the safe and easy way to buy and sell high end collectibles
What Sellers Need to Know:
When an item sells through the Vault, the seller may opt to receive 100% of the sale as COMC Store Credit or we can immediately cash it out for 90%! All items marked as Vault Eligible will receive 36x zoom scans of the front and back, making it even easier for buyers to know exactly what they are purchasing. The official launch of the service will be on July 31st, 2013 at the 2013 National Sports Collectors Convention. The exact date this subdomain will become active will be announced closer to launch.
To make your items Vault Eligible, simply use any of the following services
Items that used any of the above services after January 1st 2013 are already Vault Eligible.
You may list any Vault Eligible item on COMC, the Vault, or on both. Pricing on each site is independent of one another. In the near future, you will be able to see which items are Vault Eligible from your Inventory Manager.
A fee of $0.01/day will be charged for items with an asking price of up to $1,000. For more expensive items, it will be $0.01 per additional $1,000 per day. This fee is in place to help offset the cost of insurance. Storage fees for the Vault will be charged daily similar to the way COMC storage fees are charged monthly.
What Buyers Need To Know:
There are 3 ways buyers may purchase items in the Vault:
Instant Purchase: Pay in full via Credit Card, PayPal, or Amazon Payment
Down Payment: 5% COMC Store Credit down payment + remainder via check, money order, etc.
Make Offer: Unlike COMC which requires 100% of the offer amount to be funded before making an offer, the Vault will only require an offer reserve of 5% of the original asking price in COMC Store Credit. It will be refunded if the offer is countered or rejected, just like COMC offers.
If a buyer does not pay for an item on which they have placed a down payment, half of the down payment will be passed along to the seller in COMC Store Credit as a restocking fee. For instance, if an item sells for $1000, the down payment would be $50. If the buyer doesn’t pay for the item, $25 would go to the seller and $25 goes to COMC as a restocking fee.
On COMC’s end, we will continue to provide the same excellent customer service. In the event that a buyer receives a Vault item and it is deemed unacceptable, the buyer will have 7 days to return the item. After the 7 day waiting period has expired, the funds will be available for the seller.
Exposure at Shows and Conventions
There is one more benefit to having items in the Vault for both buyers and sellers. Items in the Vault may be eligible to travel with COMC and be sold at some of the most prestigious card shows in the nation! For example, later this summer COMC will have a 100 sqft corporate booth at the National Sports Collectors Convention in Chicago where we will feature showcases of items from the Vault. Even as your physical items are being viewed by some of the most discerning buyers, they will still be on the site and available for sale. In this way, your items will receive the most exposure and acclaim.
Now this is worthy of celebration!
We hope you are as excited as we are to finally see this new feature rolling out. We encourage you to begin sending Vault Eligible items in to us as soon as possible. All Vault Eligible items received by July 15th will be taken with us to the National Sports Collectors Convention at no additional cost to you! Be one of the first to have your best in show at the best of shows.
Stay tuned for a video interview with our CEO Tim Getsch about the Vault. Submit your questions in the comments below and they may be featured in the interview. As always, we want to know what you think and now is the time to tell us before the service goes live.
Over the last few days, you’ve probably noticed a lot of activity on your Dashboard, mostly in regards to prices being removed from your cards. This is happening due to some extensive software updates happening between COMC and Beckett.
In the past, we had developed a system for scheduling updates from Beckett, to ensure the prices we had for our sellers were up to date. However, the algorithm we used might take up to 6 months to catch every update, which meant some prices weren’t as up to date as they could have been. This past weekend, we (with the help of Beckett) changed how we manage the updates, as we move closer to live updates.
This means that all prices for all cards will soon be updated within 24 hours of their change via Beckett. But, unfortunately, when we initiated the change to the live update system, our software detected that many of the prices within our database had not been updated for weeks, or even months.
How Book Price Updates Are Handled
In order to protect against the case where a book price might radically increase while your asking prices might be lower than you had hoped, we will automatically clear those asking prices so that you get a chance to reset the price as you desire.
Our software works like this: if a book price increases and the current asking price is less than 50% of the new book price then the asking price is cleared altogether and the card is brought to the seller’s attention for re-pricing.
Temporary Bug over the Weekend
This past weekend, a lot of data got cleared out, and many people received notices that parts of their inventory needed attention, due to book values changing drastically or being removed. However, that was a software glitch and it has been cleared up, with most people having their original prices restored. Those sellers who started re-pricing their cards noticed (a day later) that their prices were cleared again, due to the book value software updating again. And, for this, we are sorry for your inconvenience.
Status of the Beckett Data Synchronization
Our databases are still working to catch up to Beckett, and we hope to be fully synced with them by the end of this week. When it’s completed, then we’ll be doing smaller updates on a daily basis and your book values will be up to date. However, until the updates have finished, some people are still going to be seeing their prices being deleted. Again, we apologize for any inconvenience this may cause.
This upgrade to the book value pricing system has been a long time coming, and we’re thankful to Beckett to assisting us in this endeavor. We do this as we strive to make our customer’s experience as positive as possible. We thank you for your patience and your input, as we work together to make COMC.com the best place for collecting cards.
Hello all and happy Friday! We wanted to have a little fun to sort of kick off this weekend with a poll and card collecting discussion.
With well over 10 million different cards on the market, there are more reasons to collect cards than could possibly be named. Some of us collect whole sets of cards. Some of us just one type of card. Still others collect just one specific type of card! Part of the joy is finding that special something that you enjoy hunting down and adding to your personal collection.
So, we at COMC were wondering; what style of collecting do you enjoy? Please submit your answer on the poll below, and feel free to fill us in on the details in the Comments section. Have a wonderful weekend everyone!