Fanatics Collect is making waves in the trading card marketplace with the exciting launch of their new Buy Now platform. Designed to simplify fees and increase earnings for sellers, this innovative marketplace is set to revolutionize the way collectors buy and sell their cherished items.
One of the most notable changes in the new fee structure is the introduction of a flat 6% fee for listings sold for less than $120. This fee is among the most competitive rates in the industry and allows sellers to pocket up to 94% of the listing price on sales under $119.99. By doing away with the previous 20% buyer’s premium and bonus commission fees, Fanatics Collect is paving the way for sellers to maximize their profits.
Notably, sellers will earn the same amount on sales of $120 or more as they did previously, ensuring consistency in earnings. The switch to the new fee structure is seamless, with all existing listings automatically transitioning without the need for sellers to adjust prices manually.
The user-friendly Buy Now marketplace has undergone a makeover to enhance the visibility of cards, streamline the listing process, and offer transparent and simplified fees. By eliminating the buyer’s premium and bonus commission, Fanatics Collect is encouraging sellers to list their items at more competitive prices, ultimately expanding the range and quality of offerings for buyers.
To maintain fairness in pricing, listings that are marked at more than 20% above fair market value will incur a slightly higher 15% seller’s fee instead of the standard 6%. Furthermore, the previous minimum fee of $3 for Buy Now sales has been scrapped, allowing sellers to list items for as low as 50 cents.
In addition to the financial benefits for sellers, the new Buy Now marketplace also speeds up transactions. Thanks to the seamless payment process through the Fanatics Collect app, buyers can make instant payments, ensuring sellers receive their funds promptly and allowing collectors to add new gems to their collections without delay.
Sellers who may not wish to continue under the new fee structure have the option to delist their items at any time. For guidance or support, sellers can reach out to their designated sales representative or the Collector Experience team for assistance.
The debut of the Buy Now marketplace marks a significant milestone in the Fanatics Collect journey, focusing on enhancing the overall trading experience for collectors. Whether you’re a seasoned seller or a dedicated collector, don’t miss out on exploring the new marketplace today and leveraging the reduced fees to maximize your earnings on every transaction!
