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Fees (Effective 08/22/06)
Buying Fees |
Price Range |
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Fees |
Below $2.00 |
$0.35 |
$ 2.00 |
$ 4.99 |
$0.55 |
$ 5.00 |
$ 9.99 |
$0.75 |
$ 10.00 |
$ 19.99 |
$0.95 |
$ 20.00 |
$ 34.99 |
$1.15 |
$ 35.00 |
$ 54.99 |
$1.35 |
$ 55.00 |
$ 74.99 |
$1.50 |
$ 75 or more |
2% |
Sell From Account |
Price Range |
|
Fees |
Below $5.00 |
|
$0.45 (max 25%) |
$ 5.00 |
$ 7.49 |
$0.65 |
$ 7.50 |
$ 12.99 |
$0.85 |
$ 13.00 |
$ 19.99 |
6.99% |
$ 20.00 |
$ 29.99 |
6.49% |
$ 30.00 |
$ 39.99 |
5.99% |
$ 40.00 |
$ 49.99 |
5.49% |
$ 50.00 |
$ 59.99 |
4.99% |
$ 60.00 |
$ 69.99 |
4.49% |
$ 70.00 |
$ 99.99 |
3.99% |
100+ |
|
3.49% |
$1000+ |
|
2.49% |
Sell Not In Account |
Price Range |
|
New Fees |
Below $5.00 |
|
$0.65 (max 25%) |
$ 5.00 |
$ 7.49 |
$0.80 |
$ 7.50 |
$ 12.99 |
$0.95 |
$ 13.00 |
$ 19.99 |
7.99% |
$ 20.00 |
$ 29.99 |
7.49% |
$ 30.00 |
$ 39.99 |
6.99% |
$ 40.00 |
$ 49.99 |
6.49% |
$ 50.00 |
$ 59.99 |
5.99% |
$ 60.00 |
$ 69.99 |
5.49% |
$70+ |
|
5.49% |
$1000+ |
|
4.49% |
Inactive Accounts:
Many accounts on ThePit.com have Balances but have not had activity in them for as much as six years. Due to the need to warehouse items and carry insurance, ThePit/NAXCOM cannot continue to hold these balances indefinitely. Therefore, accounts that have not bought or sold an item within the past 2 years will be “Inactive.” A minimum of three notices will be sent to users whose accounts will be changed to “Inactive,” in which they will have 30 days to cash out their balance or buy/sell an item to keep their account “Active.”
*Please note: Once an account has been changed to inactive, the user may still contact the company to have their account changed back to “Active,” however, a 10% monthly fee (of the balance being held) will be charged to the account until the account is settled.
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In very limited instances, thePit.com may charge the customer credit card on
file to cover penalty fines as indicated below.
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If you sell a card that is not in your account at the time of your Sale Trade
you must send your card(s) to thePit.com to settle
the Sale Trade within 2-3 business days. No short selling is allowed, as you cannot buy from
thePit.com to fulfill your obligation. If the card is not sent before
the alloted time stated above, a penalty of up to $25 AND 5% of the sell price at the time of execution and
other possible fees will be charged to your credit card on file.
Additionally, thePit.com reserves the right to freeze any account from further
trading if there are unsettled sale trades for more than five days.
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If you submit a check that bounces, a $25 penalty will be charged to the credit
card on file.
Ordinarily, customers are not charged sales taxes as a result of purchasing
cards on thePit.com.
However, customers that request delivery and ship "Deal of the Week" cards (only)
from their accounts with thePit.com to a N.Y. State address will be charged sales
tax on the total amount of the order (including shipping and handling charges),
based on the local sales tax rate where the shipment is delivered and the
customer's average cost basis for the cards being shipped. If the customer has
a N.Y. State Resale Certificate on file with thePit.com, then the tax charge will automatically be reversed.
To protect our customers, thePit.com will only ship cards to the billing
address for the credit card on file. Customers are responsible for all
associated shipping, handling, and insurance fees. The system will
indicate how much the shipping fees will be at the time a shipping request is
processed and will not allow such request to be processed if the account
balance is insufficient to cover the shipping fees.
thePit.com offers two shipping options; the shipping options and applicable
rates are listed below along with the Insurance rate.
Rates Effective Starting Nov 10, 2001
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Shipping Option | Rate |
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Next Day Air
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$29 flat fee + (20 cents per Ungraded, 40 cents per Graded, 55 cents per Uncirculated card, 9.95 per wax box shipped, 1.50 per SI cover
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2nd Day Air
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$12.50 flat fee + (15 cents per Ungraded, 35 cents per Graded, 50 cents per Uncirculated card, 9.95 per wax box shipped, 1.50 per SI cover
|
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Ground Continental (Con) US Only**
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$4.75 flat fee + (15 cents per Ungraded, 35 cents per Graded, 50 cents per Uncirculated card, 4.95 per wax box shipped, 1.50 per SI cover
|
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International
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Rates vary per country and will be displayed on screen prior to completing a
ship request.
|
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APO or FPO Shipment Address
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$10 flat fee + 35 cents per card shipped. Shipments are sent by US Postal
Service by express mail and tracking is purchased.
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A signature will be required by DHL confirming receipt of the package for all outgoing
shipments with a declared value of $500 or greater. An additional charge of $2.00
will automatically be added to the ship fees.
The insurance charge is 35 cents per $100 of insurance coverage purchased after the first
$100. The first $100 of value is insured at no charge. Insurance is mandatory and
appropriate charges are automatically added to ship fees at the time of request.
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Shipping Example: The charge for 10 Graded cards worth a total of $500 by Next
Day Air option would be $36.40.
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Next Day Air (Flat Fee)
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$29.00
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10 Cards (10 x .40)
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$4.00
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Signature Required Fee
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$2.00
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Insurance (4 x .35)
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$1.40
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Total
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$36.40
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