MyComicShop should cut Beat Offer payment deadline to 4 days; per eBay19340
 Collector
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PolarisNuclearSS2020 private msg quote post Address this user | |
| https://www.mycomicshop.com/search?ItemID=58521326 I countered on an offer on a consigned book of mine, a Scooby Doo MOC #382, a classic surfing cover with 0 other copies offered on eBay in at least the last 60 days, 3 days ago and the “buyer” accepted. Still hasn’t paid. Book was listed at 150 or BO on mycomicshop and mirrored at $175 or $185 (can’t remember which but I think it was 185). If the buyer doesn’t pay by the end of the day on Tuesday, this means I will not be sent my check from MCS until the Wednesday after this coming Wednesday. 3-4 days is ample time to pay, tbh some sites (Mercado) require a credit card be placed on file and the card is immediately charged if an offer is accepted. This makes combining shipping untenable so I don’t favor that policy. But a window of 4 days, as eBay allows for payments before giving the seller the option to cancel, is fair for all parties. A 10 day window does not make sense at all. The buyer got a $20 discount from the MCS BIN price and a $55 discount from the eBay BIN price….and I am to be left holding the bag? This is not reasonable. |
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 Collector
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cyrano0521 private msg quote post Address this user | |
| That’s just the pay time window for everything from Auctions; it must be the “make offer” that triggers it. If you just purchase, then you need to pay immediately like anything else in inventory. | ||
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Collector
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PolarisNuclearSS2020 private msg quote post Address this user | |
| One other thing to note: This book looks more like a 5.5 to even a 6.0, than a 4.0. Yes, I know MCS tends to undergrads intentionally to deter eBay returns and that is a good business model. However, many books are not posted with back cover scans, and on a book that is undergraded and worth around a $100 or more, this forces the consigned to price the book lower than what would be realized with a BC scan. As a consignor, I would be happy to pay an additional few dollars (charged upfront or when the book is sold) for a BC scan. This book would have probably moved at the 150 MCS or close to the 185 eBay mirror price with a BC scan. I’d pay another $5 in consignment costs as a fee for a BC scan for this book, and others I have listed….even books I have at $50 on mycomicshop. Here’s a good example…MCS has this at a 2.0, looks like a 4.04.5 to me, but no BC scan hinders the price. https://www.mycomicshop.com/search?ItemID=58521223 |
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 Beaten by boat oars
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Studley_Dudley private msg quote post Address this user | |
| I pay for consignment/auction items via check to avoid the buyer's premium. So it can sometimes take the post office more than a few days to get it and deliver it. | ||
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 The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
| Stupid question as I never read the fine print. But do they state the 10 day wait in the fine print? | ||
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Beaten by boat oars
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Studley_Dudley private msg quote post Address this user | |
| @Bronte it's about two weeks. I've had a few deadbeat buyers in the past on MCS. | ||
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 No rust here...
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Nearmint67 private msg quote post Address this user | |
Quote:Originally Posted by Studley_Dudley Yep. Me too. |
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 Collector
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Hcanes private msg quote post Address this user | |
| I’ve been part of the deadbeat buyers club on MCS. Luckily the second time both of the books sold for more. | ||
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 Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
| I agree, payment should be required quickly on accepted best offers, or all sales really. I've had a couple of pretty big sales that never paid. It opens the door to abuse. People speculating on a book and using the 2 weeks to decide if they made the right speculation or not. I also think that people who make offers should be able to rescind the offer any time up until it is accepted. Someone making an offer shouldn't be held in limbo for 48 hours, unable to pursue a different copy of that book while they wait for the seller to respond. That actually could be another part of the issue...buyers never sending payment on a best offer because they found and purchased another copy before the offer was accepted. There should be a mechanism for buyers to cancel an offer if it has not yet been accepted. | ||
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Collector
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PolarisNuclearSS2020 private msg quote post Address this user | |
Quote:Originally Posted by Studley_Dudley The “buyers premium” on MCS is 2.9%. This is not actually a “buyers premium “, it is a credit card fee. The buyers premium on auction sites is typically 15% to 35%. I think if you win books in auction or get discounts on them via a best offer accepted price, a 2.9% credit card fee should be absorbed by the buyer. Just like is done on eBay, the largest selling platform out there. |
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Collector
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PolarisNuclearSS2020 private msg quote post Address this user | |
Quote:Originally Posted by Bronte Yes, it’s 10 days. |
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The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
| I did read that non payers get the boot. I wonder how many chances you get? Not that I ever want to test the waters or start generating a bunch of disposable emails. | ||
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 It's like the Roach Motel for comic collectors.
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chester15 private msg quote post Address this user | |
| "I think if you win books in auction or get discounts on them via a best offer accepted price, a 2.9% credit card fee should be absorbed by the buyer. Just like is done on eBay, the largest selling platform out there." On eBay, the SELLER absorbs the cc fee through the Final Value fees, not the buyer. |
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| Post 13 • IP flag post | ||
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It's like the Roach Motel for comic collectors.
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chester15 private msg quote post Address this user | |
| https://www.mycomicshop.com/help/bestoffersettings I don't see anything about the buyer having 10 days to pay. The 10 days mentioned refer to the waiting period after submitting 3 offers on a particular item. On auctions, I think you have to pay within 7 days. Probably the same on accepted offers. |
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 I live in RI and Rhode Islanders eat chili with beans.
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esaravo private msg quote post Address this user | |
| Here’s their payment policy for auction wins: “We give bidders a total of 15 days to pay from when an auction ends. This allows you to combine wins from more than one weekly auction into a single order. Also, if you have temporary circumstances that cause you need a few extra days to pay, we are happy to accommodate you. However, if you need a brief extension you must request the extension before your payment due date has passed. Once the payment due date has passed for items won in auction, those auctions will be canceled, and the bidder who failed to pay for their auction wins will be unable to bid in future auctions. Please keep this in mind and be sure to get your auction orders in before the due date.” |
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| Post 15 • IP flag post | ||
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It's like the Roach Motel for comic collectors.
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chester15 private msg quote post Address this user | |
| I found this in an email from mcs regarding a counter offer I made that was accepted: "The item has been placed on reserve for the buyer at the agreed upon price and the buyer has been instructed to purchase the item within 7 days." I got tired of playing the offer game at mcs, too time consuming. I removed it from all my consignments and have noticed no discernable change in sales volume. |
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 Not trying to be an ass since February 12, 2020.
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HulkSmash private msg quote post Address this user | |
| I get it. You buy something, you typically pay for it immediately. Though I haven’t sold through MCS; I think MCS unreasonably accommodates buyers in regards to the 10 day period allowing “abuse”. A shorter payment period would be best and then maybe offer a holding period to combine shipments. On the other hand; it’s how MCS chooses to do business and as a seller one would agree to the terms for using their platform. | ||
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 Feel free to use my post as a checklist.
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multi007 private msg quote post Address this user | |
| As a side note. When I bought that Hulk, I sent in a check on a Tuesday. They didn’t process it until the following Tuesday. THEN they had a 10 day hold. So I waited effectively 3 weeks and 2 days before they shipped it. | ||
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It's like the Roach Motel for comic collectors.
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chester15 private msg quote post Address this user | |
| It can get worse at mcs. I "sold" a $110 comic on consignment on Feb 20. It sat like a turd "awaiting shipment" until finally shipped Thursday March 23, 31 days later. A check won't get issued until next Tuesday the 28th. I won't get the check until a week later, April 4th. MCS allows buyers who have current comic pull orders to piggyback other purchases onto their held orders, to save on shipping. I think this is what happened to my transaction, held hostage. Don't know for sure, never got any type of notification from mcs. The piggyback "benefit" was touted in a very recent mcs newsletter. |
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 being an ass and being a clown are two very different things.
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HAmistoso private msg quote post Address this user | |
| I utilize cash back credit cards for all my purchases and always pay immediately. |
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 If I could, I would. I swear.
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DrWatson private msg quote post Address this user | |
Quote:Originally Posted by multi007 This is the same as Metropolis Comics. It takes three weeks for them to ship books paid by check to avoid the 3%. |
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Collector
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PolarisNuclearSS2020 private msg quote post Address this user | |
Quote:Originally Posted by chester15 Yes, there is no 2.9% “buyers premium “ for MCS consigned books if th buyer purchases the book thru eBay. If purchased directly through MCS, even if the 2.9% CC fee was paid for by the buyer, the total paid would still be much less than if purchased through eBay- For example- I list a book at 16 on mcs and the eBay mirror price is $20. Consignor is paid $16 from that sale, minus the $7 minimum consignment fee- Consignor nets $9 from a $20 eBay sale, or $9 from a $16 mcs direct sale. Buyer pays a 2.9% buyers premium (a credit card processing charge levied by the CC company,) |
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Collector
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PolarisNuclearSS2020 private msg quote post Address this user | |
Quote:Originally Posted by DrWatson Yeah, that’s a lousy business practice for the consignor. That’s my point. I could understand if it was a $10,000+ book but not a $50, $100 or whatever book. |
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Collector
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PolarisNuclearSS2020 private msg quote post Address this user | |
Quote:Originally Posted by chester15Quote: Originally Posted by chester15 I think that is the correct way to sell. You can always drop or increase the price to get the book appear in new item searches on eBay. And if you want to sell it quire, drop the price more. But even then, a buyer can pay KCS by check and you get jammed up for a week or 2. I’m all for combining orders from MCS, but not combining orders with consigned books in them. This makes listing books on eBay myself seem not so bad, actually. |
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Not trying to be an ass since February 12, 2020.
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HulkSmash private msg quote post Address this user | |
@ComicHoarder listing on eBay not so bad? At least through MCS (or similar facilitator) you don’t have to worry about buyer issues. If a buyer decides to return or “back out” of a purchase; yes as the owner you deal with the monetary liability, but the facilitator will deal with the customer. My next cbcs sub is strictly for sale and think I’m going to consign with MCS so I don’t have to deal with any eBay bs. I’ve sold on eBay for so many years and at least 5 items for someone else to be the go between for any issues will be a much needed breath of fresh air. I’m fully aware of MCS’s policies and welcome them for my upcoming slab sales. Sometimes dealing with stupidity (or buyers remorse) is so much better if someone else is doing it for you . I haven’t many issues selling on eBay, but when they arise without legitimate reasons (like actual shipping damage) they are an unnecessary pain that turns into 1- multiple weeks of arguing your side to not be taken advantage of or recover product. Just 2 more cents. |
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 Collector
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poka private msg quote post Address this user | |
Quote:Originally Posted by Bronte It really depends who the buyer is. I had a $2k book which sold on Feb 24th but which took 4 weeks for the payment to clear and MCS to ship to buyer. Based on my understanding if it a long-time buyer who pays with some kind of cheque which takes a long time to clear - then MCS does give some leverage. Anyway - I was happy even though it took 4 weeks to get the payment |
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Feel free to use my post as a checklist.
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multi007 private msg quote post Address this user | |
| There are some other benefits to selling on MCS though. When you get a check for your sales, they dont report the sale to the IRS. Even though you wait about 20-30 days for your payment, unless you report the sale to the IRS voluntarily, they dont know about it. Just like con sales or purchases with cash or check. |
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| Post 27 • IP flag post | ||
 If the viagra is working you should be well over a 9.8.
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xkonk private msg quote post Address this user | |
| Thinking back over the various threads about eBay, dealers, now MCS, and so on, it's amazing anyone buys or sells anything anywhere. | ||
| Post 28 • IP flag post | ||
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Masculinity takes a holiday.
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EbayMafia private msg quote post Address this user | |
| I assume that MCS is consistent in applying the same rules to consignors that they use in the sale of their own inventory. And as long as they do that, I have to conclude that it's fair enough. Sure, there are things I would like to tweak personally, but there are also likely consequences to those changes that I'm overlooking. MCS has many more years of experience than I do, and at an exponentially larger volume. Even with the occasional frustration, I have to assume that the MCS policies are based on what they believe is currently in the best interest of maximizing overall sales. | ||
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It's like the Roach Motel for comic collectors.
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chester15 private msg quote post Address this user | |
Quote:Originally Posted by EbayMafia I fully agree, except that we don't get to see the rule book. When we have a "sold" comic that goes nowhere, for a real long time, we are left guessing why. Then we are searching through the mcs website for obscure pages that describe situations where this might occur. When you consign with mcs, there should be a page that you can review before consigning that describes sales activity (detours) that COULD occur. Then at least you are not only forewarned, you recognize what is holding up the normal progression of the sale. There is no transparency at the moment, and no way to opt out of their sales policies except to not consign comics at all. Also, a better description than "not yet shipped" would help. Like "On Hold - buyer issuing payment by check" or "On Hold - buyer adding to pull order." And posting an expected ship date would be beneficial. I was checking to see if my sold comic had shipped, every few days, which I don't think is being impatient, since most ship in 1-2 days. I did that over a 31 day period, never knowing what the holdup was. That's not right. |
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