Fanatics Collect is revolutionizing the collectibles market with the launch of its new Buy Now marketplace, designed to benefit sellers and collectors alike. The marketplace offers a revamped fee structure that promises to boost seller earnings while streamlining transactions for buyers.
One of the most notable changes is the introduction of a flat 6% fee for listings sold for less than $120. This low rate is a game-changer in the industry, replacing the previous 20% buyer’s premium and bonus commission fees. Sellers stand to benefit significantly from this new fee structure, as they can now earn up to 94% of the listing price on sales under $119.99, compared to the previous maximum of 85%.
The transition to the new fee structure is seamless for sellers, with all existing listings automatically switching over without requiring any price adjustments. This move is aimed at providing immediate benefits to sellers, ensuring they maximize their earnings from every sale on the platform.
The marketplace has undergone a redesign to enhance the visibility of cards, reduce listing times, and simplify fees based on feedback from collectors and sellers. By eliminating the 20% buyer’s premium and bonus commission, sellers are encouraged to set competitive prices, resulting in a more diverse range of options for buyers.
To promote fairness and competitiveness, listings priced over 20% above fair market value will be subject to a 15% seller’s fee instead of the standard 6%. Additionally, the removal of the previous $3 minimum fee for Buy Now sales allows sellers to list items for as little as 50 cents, catering to a wide range of collectibles.
In addition to the improved fee structure, the Buy Now marketplace enables faster transactions for collectors. Purchases made through the Fanatics Collect app are processed immediately, ensuring sellers receive their payments promptly and buyers can add to their collections without delay.
Sellers who prefer not to operate under the new fee structure have the option to delist their items at any time. For assistance, sellers can reach out to their dedicated sales representative or contact the Collector Experience team for support.
The introduction of the Buy Now marketplace marks a significant milestone in the Fanatics Collect journey, aimed at enhancing the overall buying and selling experience for collectors. Discover the new marketplace today to take advantage of the simplified fees and faster transactions, maximizing your earnings on every sale!
