eBay and Collectors Announce Major Moves in Trading Card Industry

eBay Inc. and Collectors, the parent company of the well-known grading service PSA, have announced a partnership that wants to change how people buy, sell, and store trading cards. The deal includes eBay buying Goldin, a top auction house for collectibles, and PSA purchasing eBay’s vault service.

This collaboration aims to make the trading card hobby easier and more enjoyable by streamlining the process of buying, selling, and grading cards. Both eBay and PSA are recognized for their innovative approaches to helping collectors and small business owners in the industry.

Jamie Iannone, CEO of eBay, expressed excitement about the new partnership, saying, “The deals announced today further our mission of reinventing the future of ecommerce for enthusiasts, and we are excited to partner with PSA to offer a simpler, more personalized experience for passionate collectors.” Iannone stressed that this move is part of eBay’s larger plan to transform e-commerce for enthusiasts around the world.

Nat Turner, CEO of Collectors, noted this partnership’s benefits to the community, stating, “This will benefit The Hobby above all else, which is the primary goal of this innovative partnership between eBay and PSA. We will drastically improve the collector experience by creating a seamless, end-to-end journey.”

The partnership plans to remove the usual hassles involved in the hobby, especially in terms of grading and selling cards. PSA will introduce a new service that lets people list and sell their trading cards on eBay right after they are graded, which means sellers can get their cards to market faster and buyers can trust the quality of what they’re buying.

The acquisition of Goldin by eBay will also broaden the variety of collectibles available to buyers and provide sellers with access to a larger audience. Ken Goldin, founder of Goldin, shared his enthusiasm about joining eBay, saying, “This deal will enhance and expand our reach as we continue to do what we do best – source incredible collector’s items – and connect with millions of enthusiasts around the world.”

With PSA taking over eBay’s vault services, eBay customers in the U.S. will still have seamless access to these services. The plan is to merge these services into a new and improved offering eventually.

These deals are set to significantly impact the trading card and collectibles market, offering new opportunities for collectors and small business owners to thrive in this hobby.

Image: Depositphotos

This article, "eBay and Collectors Announce Major Moves in Trading Card Industry" was first published on Small Business Trends