Fanatics Collect has set the stage for a game-changing experience in the world of collectibles with the launch of its new Buy Now marketplace. This innovative feature comes with a revamped fee structure that promises to revolutionize the buying and selling process for collectors and sellers alike.
One of the most exciting changes is the introduction of a 6% fee for listings sold for less than $120. This incredibly low rate is a breath of fresh air compared to the previous 20% buyer’s premium and bonus commission fees. Sellers can now rejoice as they stand to earn a higher percentage of their sales, thanks to this new fee structure.
Sellers will notice a significant boost in their earnings on sales under $119.99, now being able to earn up to 94% of the listing price, a substantial increase from the previous maximum of 85%. The immediate benefit of this change is remarkable, with all existing listings seamlessly transitioning to the new fee structure without requiring sellers to adjust their prices manually.
The redesigned Buy Now marketplace is a result of valuable feedback from collectors and sellers, focusing on enhancing the discoverability of cards, streamlining listing processes, and simplifying fees. By eliminating the 20% buyer’s premium and bonus commission, sellers are encouraged to offer more competitively priced listings, enriching the array of options available to buyers.
In a bid to maintain fairness and competitiveness, listings priced more than 20% above fair market value will incur a 15% seller’s fee instead of the standard 6%. Moreover, the removal of the $3 minimum fee for Buy Now sales enables sellers to list items for as low as 50 cents, catering to a broader range of items and prices.
Speeding up transactions is another highlight of the new Buy Now marketplace. With collectors making immediate payments through the Fanatics Collect app, sellers can swiftly receive their earnings, allowing buyers to enhance their collections without delay.
For sellers who may not prefer to operate under the new fee structure, the flexibility to delist items at any time is provided. They can reach out to their designated sales representative or the Collector Experience team for any guidance or support they may need.
The introduction of the Buy Now marketplace marks a significant milestone in the Fanatics Collect journey, dedicated to elevating the buying and selling experience for all collectors involved. Dive into this revamped marketplace today and seize the opportunity to maximize your earnings on every sale through the simplified and lower fees offered.
