As eBay continues to invest in the trading card industry, the e-commerce company on Wednesday announced three significant business transactions with Collectors, the parent company of PSA (Professional Sports Authenticator), the third-party authentication and rating in the collectibles industry.
The transactions include a trading card trading agreement that aims to provide trading enthusiasts with a seamless buying, selling, grading and storing experience. As part of the partnership, eBay and PSA plan to introduce a “customer-centric product experience” in the coming months. Additionally, PSA is launching a new service allowing customers to list trading cards on eBay as soon as the card is graded to speed up the sales process.
Additionally, eBay has acquired collectors’ auction house Goldin, a significant move that will greatly benefit collectors. The sale helps eBay expand the range of inventory for buyers and give Goldin sellers a wider audience.
eBay also sells the eBay Vault to collectors, creating a new offering that merges existing vault services. Launching in 2022, the eBay Vault allows collectors to store trading cards valued over $750 in a secure, temperature-controlled vault.
The financial terms of the agreements have not been made public. All three transactions are expected to close simultaneously in the second quarter of 2024.
“The agreements announced today further our mission to reinvent the future of e-commerce for enthusiasts, and we are excited to partner with PSA to deliver a simpler, more personalized experience for passionate collectors,” said Jamie Iannone, CEO of eBay, in a press release. “PSA is a leading player in the trading card and collectibles space with unmatched capabilities, and we believe our shared expertise will inspire even more people to sell, buy and collect with confidence. »
Wednesday’s announcement comes four months after eBay partnered with sports trading card company COMC, which made it easy for eBay customers to digitize their inventory.
Last year, the company purchased collectibles platform TCGplayer for $295 million.
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