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Ripit logo28 of 35 terms published

How Ripit works and makes money

You pay, one graded card is allocated to you and shown, and it sits in a vault at PSA until you sell it back, keep it or ship it. The sell-back price and the checkout fees are not published.

Visit RipitNo commission

By Alexander Korsager · Checked 7 October 2026 · We earn nothing from any app on this site

Tap the pack to walk one rip at Ripit, with its own published term at each step. No money, no real cards; the art is illustration.

A rip, step by step

Tap a step. Each figure opens the page it was read on. A dashed tile is a term not found on Ripit's public pages.

1. Sign up and fund

7 of 8 terms published
  • Minimum age
    18

    Read on the operator's own page

    “Ripit is in early access and available to U.S. residents 18 years or older.”

    Checked 6 Oct 2026.

    Open the source
    From its own terms or store listing.
  • US states excluded
    None named

    Read on the operator's own page

    “you must be a US resident aged 18 or older with a valid passport or U.S. driver's license”

    US residents only. The terms of 11 August 2026 name no excluded state, and say Ripit may deny access wherever the service would be unlawful.

    Checked 6 Oct 2026.

    Open the source
    Where the terms say you cannot buy.
  • Runs on
    Web

    Read on the operator's own page

    “We operate https://ripit.co (the “Site”) and related products and services”

    No app is linked from the site, terms or help centre, and App Store and Google Play searches for Ripit returned no listing by Ripit, LLC.

    Checked 6 Oct 2026.

    Open the source
    Where you can open an account and buy.
  • Sign-up
    Email and phone number

    Read on the operator's own page

    Checked 7 Oct 2026.

    Open the source
    For a US resident with “a valid passport or U.S. driver's license”.
  • Identity
    Checked by Stripe, first

    Read on the operator's own page

    Checked 7 Oct 2026.

    Open the source
    “Your ID goes directly to Stripe; Ripit never stores your ID.” It comes before your first pack.
  • How you pay in
    Card, stablecoin, balance

    Read on the operator's own page

    Checked 7 Oct 2026.

    Open the source
    Options “may include a credit card, crypto/stablecoin, your available Ripit wallet balance”.
  • Name on the payment
    Must match your ID

    Read on the operator's own page

    Checked 7 Oct 2026.

    Open the source
    “Every payment method on your account” must match “the legal name on your verified ID”.
  • Platform fee at checkoutNot publishedFees “may include platform fees, payment processing fees”. No amount is on a public page.

2 terms this guide does not cover: the sweepstakes prize list and selling Ripit a card you did not pull there.

This guide covers the mechanics only. Whether it suits you is in the Ripit review, and the basics of the format are in what card ripping is.

Where the money goes

One pack, followed from your payment to what arrives. Only terms read on Ripit's own pages enter the sum.

Pack price
The card is valued at
Ripit publishes no average for this pack, so the sum starts from an assumption. Dashed choices are assumptions, not published figures.
  1. You pay$100
    The price of one Super pack.
  2. Card value (assumed)$100
    An assumption, not a published figure. Ripit sets the value its offer is based on.
  3. The sum stops here: no sell-back rate is publishedWithout the rate, the offer and what arrives as cash cannot be worked out for Ripit.
  4. Selling fee
    Not published

    We looked and the operator does not publish it

    No selling fee is stated.

    Checked 6 Oct 2026.

    Paid as
    Cash

    Read on the operator's own page

    “Available to Withdraw: the portion of your balance you can transfer to your bank.”

    A sell-back is added to your wallet balance. New funds can take time to become withdrawable.

    Checked 6 Oct 2026.

    Open the source
    Can be withdrawn
    Yes

    Read on the operator's own page

    “Withdrawals route through our payment processor and standard bank transfer rails (ACH)”

    Checked 6 Oct 2026.

    Open the source

Run the same sum for every app in the cash-back calculator, weigh the three exits in keep, sell or ship, or see every app's exit terms on the cash-out page.

How Ripit makes money

Only lines its own documents state, or that follow from its published numbers. Nothing here is an estimate.

Stated on its own pages3
Follows from its published numbers0
Not published4
  • Stated on its own pages

    Shipping or retrieval fee

    About $18 flat per shipment of up to 19 slabs, insurance and signature included

    Read on the operator's own page

    “a flat rate of approximately $18 per shipment”

    The same article says checkout shows “the applicable shipping and platform fees”; no platform fee amount is published.

    Checked 6 Oct 2026.

    Open the source
    The same article says checkout shows “the applicable shipping and platform fees”; no platform fee amount is published.
  • Stated on its own pages

    Platform and processing fees

    Named, amount not publishedThe terms say fees “may include platform fees, payment processing fees, shipping charges, and other service-related charges, as disclosed at checkout”. The amount is shown only at checkout.Read the source
  • Stated on its own pages

    Vault storage

    $0 for nowRipit “does not currently charge recurring storage fees at launch but reserves the right to introduce or modify fees in the future upon notice”.Read the source
  • Not published

    4 lines its own pages do not state

    • Pack price above average card valueCannot be worked out
    • Sell-back discount
      Not published

      We looked and the operator does not publish it

      The offer is shown only after the reveal. The terms say Ripit sets sell-back prices at its sole discretion and state no percentage.

      Checked 6 Oct 2026.

    • Fee on a sell-back
      Not published

      We looked and the operator does not publish it

      No selling fee is stated.

      Checked 6 Oct 2026.

    • Withdrawal feeNot published

What Ripit pays for its cards, its margins and how the business is doing are not published, and we do not guess. Whether the numbers can favour a buyer at all is the subject of is card ripping worth it.

The clock after the reveal

How long each choice stays open, from Ripit's own pages.

  1. The revealThe card is revealed and the clocks start.
  2. 24 hours

    Read on the operator's own page

    “Ripit offers a 24 hour sellback window on your slab.”

    Checked 6 Oct 2026.

    Open the source
    The sell-back offer lapses
  3. After 24 hoursYou can name your own price. Ripit's team accepts or declines itRead the source
  4. 7 daysThe wait before a new offer on a slab, after one is declinedRead the source
  5. 7 daysTo report a problem with a reveal or a sell-back offer in writing, or the terms treat the claim as waivedRead the source
  6. Up to 14 daysThe review hold on a first withdrawal, before your bank's own posting timeRead the source
  7. 30 daysTo dispute a charge, a fee or a balance, counted from when it postsRead the source
  8. Typically shipped within 14 business days of paying the fee, US and Puerto Rico only

    Read on the operator's own page

    “typically processed and shipped within 14 business days”

    Checked 6 Oct 2026.

    Open the source
    Shipping, once you ask for the card
  • No limit stated

    We looked and the operator does not publish it

    No automatic sale is stated. The terms say an item you do nothing with may be stored in the vault by default.

    Checked 6 Oct 2026.

    No automatic sale is stated.

After 24 hours, the sell-back is a negotiation

Ripit's own offer lapses a day after the reveal. From then on you can name a price, which Ripit accepts or declines, and Ripit can bid.

First 24 hoursOne offer, Ripit's“The sellback offer shown after you rip and the slab has been revealed.”✓ Read at sourceSource
After thatYou make the offer“Offers are reviewed and either accepted or declined by our team.”✓ Read at sourceSource
Ripit can bid tooAccept, counter or decline“Ripit may also submit a bid for your slab at any point”.✓ Read at sourceSource
If you are declined7-day wait“You can't submit a new offer until the timer expires.”✓ Read at sourceSource
What sets the priceRipit's discretionMarket conditions and comparable sales, plus “inventory needs, liquidity, fraud risk, and other internal considerations”.✓ Read at sourceSource
Share of card valueNot publishedNo percentage is in the terms or the help centre.✕ Not confirmedSource
An open offerCan be withdrawnRipit may “modify or withdraw any offer prior to your acceptance” if conditions change.✓ Read at sourceSource
No promise it stays“Or at all”Do not buy expecting a sell-back “at any particular price or at all”.✓ Read at sourceSource

Who is behind Ripit

The names on its terms, its store listings and its partner pages. Sourced facts only.

Legal entityRipit, LLC“We are Ripit, LLC (“Ripit”), a Delaware company.”✓ Read at sourceSource
AddressCentury City, Los Angeles“1880 Century Park E, Suite 950, Los Angeles, CA 90067”.✓ Read at sourceSource
Governing lawMichigan“Governed by the laws of the State of Michigan”. Any court case goes to courts there.✓ Read at sourceSource
DisputesJAMS arbitrationNo class actions. You can opt out by email within 30 days. Claims must start within one year.✓ Read at sourceSource
Also named in that clauseCollectors Universe, Inc.It can enforce the arbitration clause “to the same extent as Ripit”. The terms do not say why.✓ Read at sourceSource
GraderPSA, or othersSlabs are “graded by PSA (or other grading companies)”.✓ Read at sourceSource
VaultAt PSA“Ripit has a vault at PSA that stores all slabs ripped on the platform.”✓ Read at sourceSource
Who shipsPSA, usually by FedEx“PSA administers shipment requests on Ripit's behalf”. Ripit “typically uses FedEx”.✓ Read at sourceSource
Payments and IDStripe“Identity verification through Stripe, our secure payment partner.”✓ Read at sourceSource
Card valuesCard Ladder and others“Primarily on completed sales of comparable cards”.✓ Read at sourceSource
Public figure namedLogan Paul, role not statedNamed in one safety warning: he will never ask for wallet credentials. No page read says who owns Ripit.✓ Read at sourceSource
Where the cards come fromNot publishedThe terms mention “supplier issues” and name no supplier.✕ Not confirmedSource

How the other apps work

The same walk-through for each of the others, then every review and the pages that set two apps side by side.

Reviews and head-to-heads

Questions about how Ripit works

How does Ripit work?

You sign up on ripit.co, pass an identity check run by Stripe and buy a pack. One graded card is allocated as the payment completes, then shown. It sits in Ripit's vault at PSA. You can keep it there, ship it, or take Ripit's offer within 24 hours; after that you can name a price.

How does Ripit make money?

Its own pages state: shipping or retrieval fee, platform and processing fees and vault storage. Not published: pack price above average card value, sell-back discount, fee on a sell-back and withdrawal fee. We do not estimate margins or what Ripit pays for cards.

Where do Ripit's cards come from?

Ripit does not say. Its help centre says the slabs are graded by PSA or another grader and stored in a vault at PSA, which also administers shipping. The terms mention “supplier issues” as a reason a pack may be paused and name no supplier.

Do you own the card you pull on Ripit?

The terms of 11 August 2026 call vault storage a bailment in which you “retain ownership of your vaulted Items”, and say a suspended account does not change that. The shipping section of the same terms says title passes when the parcel is handed to the carrier. The terms do not say how the two fit together.

Is the Ripit sweepstakes a free pack?

No. The rules last updated 1 October 2026 describe a free mail-in entry to a prize draw, for adults in the United States and Puerto Rico with a Ripit account. An entry is a chance at a prize card, not a pack. Each pack bought is also an entry; the rules say a purchase “will not increase an Entrant's chances of winning a Prize”.

Sources12

Alexander Korsager

Alexander Korsager

Every figure was read on public pages between 6 October 2026 and 7 October 2026. Nothing here has been tested with money yet. cardrip earns nothing from Ripit.