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Are there Issues with The Plastic Merchant?
We have had quite a few people raising an issue in our Facebook Group concerning The Plastic Merchant. They have not noticed any activity or sale orders being completed since the end of May. No one has been able to get a reply yet either as to what the hold up is.
I also received a message from a group member that had a very large check bounce from TPM today. A second bounced check report came up in group from a May 21st payment.
We reached out to Mike for a comment on these issues and did not get a response back.
They recently sent out an email to all sellers:
We are working on things and hope to have an update for you very soon. Sorry in advance for any issues this may have caused, and please be patient with us.
FYI – People are reporting contacting the bank to check funds and even a $5 check would not clear at this time. There are a few different reasons this could be outside of having no money in the account. But I wouldn’t deposit any checks you have until this is cleared up since you will get hit with returned check fees etc.
What Should You Do?
The Plastic Merchant has had an issue or two in the past with bounced checks or delayed payments but they have always made it right.
I wouldn’t submit any new sale orders for the time being if it were me. At least until some payments start going out and clearing. You can always liquidate them somewhere else if there really is an issue.
I am not a seller at TPM but I thought it was worthy of a PSA type of post. Hopefully they are just bogged down with all of the recent Amex Offers etc. and will clear the back log soon. Let me know in the comments if you have any further information.
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