CGC Cards has partnered with auction platform snype to provide third-party authentication and grading for select card purchases, the companies announced Tuesday.
Any uncertified card that sells for more than $100 on the platform will automatically be sent to CGC for authentication and grading. Cards submitted through the program are eligible for a flat fee of $12 per card and a turnaround time of 20 business days.
Buyers are responsible for paying grading fees if cards are successfully authenticated as genuine. Sellers pay fees for cards that fail authentication.
Buyers can opt out of the authentication and grading process if they are part of snype’s Super Bydder program. The auction platform describes Super Bydder status as an "enhanced buyer program for users who engage actively and consistently across the platform.”
Buyers can apply for the program or be invited based on activity, purchase volume, verified banking details and payment reliability.
Founded by Rick Probstein, snype launched earlier this month as a direct competitor to online marketplace eBay.
Probstein sold nearly 6 million collectibles and generated $925 million in sales over 20 years as one of eBay’s most popular power sellers.
Probstein’s last day on eBay was Oct. 23.
Best known for its comic book and coin grading services, CGC’s trading card grading business has grown aggressively over the last year. According to third-party grading tracker GemRate, CGC Cards graded more than 530,000 cards in October for a 5% increase over September and a 156% increase year-over-year.
Ben Burrows is a reporter and editor for cllct, the premier company for collectible culture. He was previously the collectibles editor at Sports Illustrated. You can follow him on X and Instagram @benmburrows.