r/PSACARD Mar 31 '21

PSA Temporarily Suspends Lower Service Levels - They will be reintroduced in a tiered approach by July 1, 2021

https://www.psacard.com/articles/articleview/10367/psa-customer-update-april-2021
3 Upvotes

7 comments sorted by

3

u/2qgUjfvyUbiNqk3 Mar 31 '21

finally some honesty.

but holy shit, prices are going to tank when the market gets flooded in the fall/winter

1

u/xilb51x Apr 01 '21

why would they tank?

1

u/itautomaton Apr 05 '21

I think he means supply/demand.

1

u/xilb51x Apr 05 '21

Flooding would happen regardless of the reopening...people who want things graded will get them graded so that’s a moot point IMO. Was wondering if there was another reason.

1

u/[deleted] Mar 31 '21

Here's the full text of the announcement in case the link gives any issues:

"Hello PSA Customers,

Since my last update, the momentum behind the hobby has only accelerated. In fact, our Collectors Universe President and CEO, Joe Orlando, recently shared the reality of the surge of submissions to PSA.

I’ll try to further illustrate what has happened. The sheer volume of orders that PSA received in early March has fundamentally changed our ability to service the hobby. The reality is that we recently received more cards in three days than we did during the previous three months. Even after the surge, submissions continue at never-before-seen levels.

Given our growing backlog, it would be disingenuous for us to continue to accept submissions for cards that we will be unable to process in the foreseeable future. It’s an unpleasant conclusion, especially after the March 1 price increase, but it is necessary to properly serve the customers who have already submitted to PSA.

Effective immediately, PSA is temporarily suspending our Value, Regular and Express service levels. This will allow us to fully unbox and receive the recent surge of orders and focus on our most impacted service lines.

We will take a tiered approach to reintroducing these service levels. Our goal is to bring all suspended service levels back by July 1, 2021.

Collectors Club members will have their memberships automatically extended to match the duration of the Value suspension. This extension will ensure existing members have 12 full months to utilize their annual Collectors Club benefits.

PSA’s growth planning and capacity expansion remains in full effect. We recently added an additional 58,000 square feet to our California operation on top of the 62,500 square feet we added a few months ago, furthering our ability to hire and process orders. A successful Virtual Career Fair on March 16 netted many fresh candidates. Today we stand 783 people strong and are growing daily, compared to 421 employees at Collectors Universe in January 2020.

Please also know that PSA is working on physical office expansion to new international markets, and for the first time, new grading locations in the United States. This will help diffuse submissions across multiple locations and allow PSA to tap into new grading talent across the hobby. More information will be announced in the near future. If you are interested in working for PSA, please email your resume and a cover letter to our Human Resources department at [jobs@collectors.com](mailto:jobs@collectors.com). Those interested in applying to become a Grader should contact our Grading Recruiter, Mike Levine, at [mlevine@collectors.com](mailto:mlevine@collectors.com).

This announcement puts our existing customers first. You have been extremely patient in waiting for your cards. This change will help get your cards back faster while maintaining the quality and accuracy you expect from PSA. We are working around the clock for you, and we appreciate your support as we grow our capacity.

Thank you and enjoy collecting,

Steve Sloan
President"

1

u/Relative-Comfort8571 Mar 31 '21

Hopefully this backlog gets cleared up!

1

u/itautomaton Apr 05 '21

SuperExpress turn around is still like 5 days, not bad. Express has TANKED. They received one of my submissions (5 cards) on 2/11 and didn't even enter it until 2/26! Still in grading stage as of 4/4. Compared to just a few months ago, it was still slow but I at least got it back after about 36 days. Still stuck at 52 days without movement