I placed three orders last Saturday: Ghostbusters (Blu-ray), Prototype (PS3) and Ghostbusters (PS3). For each order, I chose to trade-in several items; as I had never purchased from Spun, I decided to only send the first batch of trades, which were all CDs.
I sent the trades on Saturday and I just received an e-mail from Spun that they received my trades. It should be noted that I only live about an hour from Chicago, so that probably explains the quick turn around time. They provide a full rundown of everything received and the credit given for each item.
I sent in 31 CD's, of those six were reduced for scratching and one was not accept due to "heavy" scratching. They're pretty tough on their grading policy, there's no doubt about that; I looked at each disc before I entered them on the website and there may have been a surface scratch or two on some of the discs, but a 75% reduction in trade value seems a little steep to me. I can't comment on the condition of the rejected disc, as I may not have checked that one, it was a last minute addition.
For any item that they reject, they offer to send back to you for a $4.00 shipping or for free if you order a used item within 30 days. I might order a used DVD or something and have the rejected disc sent back to see what their definition of "heavy" scratching is.
All-in-all, after the reductions I'll get Ghostbusters (Blu-ray) and $24.21 sent to PayPal as opposed to the movie and $34.32 to PayPal. No real complaints, but they are tough on trades...the bright side is that if you order anything used from them, it should be in mint like condition. Now that I know how they grade, I will take a second look at the items I'm trading to see if there are any scratches at all on those items, if so, I'll probably just keep them instead of getting 25% of the original estimate.