For the second time this year Matchbook raises commissions without notice to anyone. No notice, yet Matchbook raised commission credit players pay starting Monday. The text on the website still states:
"Just as last year, Matchbook will offer a season-long commission discount on baseball. Moneylines: 0.7% commission when you accept an offer, 0.0% when you make the offer. Runlines and Totals: 0.8% accept side, -0.1% rebate on the offer side."
The reality is they are charging .45% on the offer side of baseball trades and .8% on the accepting side of baseball trades (It was .25% and .7% up until May 9). No notice, no email and no it is not specific to the agent. I have seen this in accounts from three different packages. The only way you would know is if you check the match on your graded plays for yourself.
Does anyone else think this is extremely dishonest and misleading? I guarantee you there are lots of players who think they are paying the advertised commission who will eventually find out they pissed away hundreds if not thousands of dollars that have been siphoned out of their account without their knowledge. If this were a regulated industry there would probably be class action lawsuits, etc.
Matchbook Tom or anyone else from Matchbook please come in and explain.