The guide shares details about the new Marx Cards Scam that has targeted many cardholders.
Marx Cards Inc is a company in the United States focused on authenticating and grading the raw sports cards of customers from one of the most reputed and established companies. However, the company is in the news these days because of a scam that is going on and targeting many cardholders.
Many videos and social media posts confirm that the company commits fraud with the Raw Sports Card Holders. Their cards were locked at PSA, and they won’t get released until customers pay off.
Let us find out more about Marx Cards Scam.
What is Marx Cards?
Marx Cards Inc is a company started by a team of two people, Michael Minjares and his brother Kevin. The company is located in the United States. The company’s role is to help customers get their raw sports cards graded and authenticated by a reputable authentication and grading company, PSA.
PSA or Professional Sports Authenticator is the most trusted and largest third-party trading card grading and authentication company. It is responsible for certifying and authenticating cards and collectibles with cumulative declared ratings and prices.
However, the company is in the news these days because of a card scam that is going on with the Raw Card Holders.
Marx Cards Scam – What It Is?
Marx Cards is the third-party card submitter and PSA’s authorized dealer. The company’s job is to get the customer’s card prepared for grading and dropping them off at PSA on the collector’s behalf.
PSA charges the grading fees after they grade the card and not on the receipt of the cards. But, Marx Cards are charging the customers upfront for authentication and grading. Now, a scam is reported where it is said that despite Marx having been paid upfront for the orders, they have not paid the PSA fees.
So, people want to know where the money has gone and more about the new Marx Cards Scam. There is no clarification from the company, and the website is down. It has further added to the curiosity of people.
How Are People Reacting to the Scam?
Since many people have reported the scam on social media and videos, the Raw Cardholders are curious and anxious. They have reported about the scam on their official social media page because the web’s server is down and not working.
Besides, the company’s biggest customer has also reported about the Marx Cards Scam.
People are discussing the scam and want to know how to get back the card that PSA has locked. The cards will not be returned until PSA gets their fees paid. There are many video comments and reviews on social media which you may read to know more about the scam.
Marx Cards is the third-party card submitter and PSA’s authenticated dealer that help customers to get their card authenticated and graded. But, recently, the company has been in the news because they have collected money for customers upfront and didn’t pay PSA fees for authentication. As a result, PSA blocked the cards and won’t return them until their fees are paid.
So, under the Marx Cards Scam, many cards were locked, and now people are worried about how to get back their cards. People must stay alert of the scam and learn tips on How to Protect Yourself from a Scam.
Do you have any updates to share about the scam? Then, please share it in the comments section.