Fanatics Collect, a hub for collectors and enthusiasts, has just unveiled its latest innovation – the Buy Now marketplace. This new platform is set to revolutionize the buying and selling experience, particularly for those looking to score the best deals on their favorite collectibles.
One of the most exciting features of the Buy Now marketplace is its simplified fee structure. Sellers stand to benefit greatly from this change, as it offers a meager 6% fee for listings sold for less than $120. This is a drastic improvement from the previous fees, which included a 20% buyer’s premium and bonus commission charges. The lower fees mean sellers can now pocket more of the sales price, maximizing their earnings.
Not only will sellers earn the same amount on sales of $120 or more as before, but the new fee system allows sellers to potentially earn up to 94% of the listing price on sales under $119.99. This increase in earnings is a significant win for sellers and is sure to entice more collectors to list their items on the platform. The seamless transition to the new fee structure ensures that all existing listings will automatically adapt, eliminating the need for sellers to manually readjust their prices.
The revamped Buy Now marketplace also boasts improved discoverability for cards, reduced listing times, and the elimination of complex fees. This redesign was crafted based on feedback from both collectors and sellers, ensuring a user-friendly experience for all. By doing away with the 20% buyer’s premium and bonus commission, sellers are encouraged to list items at more competitive prices, expanding the range and quality of items available to buyers.
To maintain fairness and competitiveness, listings priced more than 20% above fair market value will incur a slightly higher 15% seller’s fee instead of the standard 6%. The removal of the previous $3 minimum fee for Buy Now sales means sellers now have the flexibility to list items for as low as 50 cents, catering to a wider range of collectors and items.
One of the most appealing aspects of the new Buy Now marketplace is the speed of transactions. Buyers who purchase items through the Fanatics Collect app can pay immediately, resulting in quicker payments for sellers and faster additions to collections for buyers. This streamlined process benefits everyone involved, making transactions smoother and more efficient.
For sellers who are not keen on selling under the new fee structure, the option to delist their items at any time is readily available. Support is just a click away, as sellers can reach out to their sales representative or the Collector Experience team for assistance or guidance.
The launch of the Buy Now marketplace marks a pivotal moment in the Fanatics Collect journey, focusing on enhancing the overall buyer and seller experience. Explore the new platform today and take advantage of the simplified fee structure, empowering sellers to maximize their earnings on every sale.