- eBay Inc (NASDAQ:EBAY) has signed a strategic partnership with Professional Sports Authenticator (PSA), a trading card authentication and grading company.
- Under the agreement, eBay's 'Authenticity Guarantee' service will expand to include graded collectible card games and sports trading cards sold on eBay for $2,000 and more.
- Over time, eBay plans to expand the service to any graded card sold for $250 and more.
- "With this latest partnership, collectors can feel even more confident in their purchases of graded cards..," said Dawn Block, VP Collectibles, Electronics and Home at eBay.
- Starting today, when a graded card is sold for $2,000+ in the U.S., the seller will send that graded card to PSA, where a newly established team will verify that the card matches the listing description and that the sealed plastic holder and label are authentic and have not been tampered with or counterfeited.
- Price Action: EBAY shares are trading lower by 0.08% at $51.88 on the last check Monday.
