Fanatics Collect has made waves in the collectibles industry with the unveiling of its new Buy Now marketplace, designed to revolutionize the buying and selling experience for collectors. The highlight of this marketplace is the simplified fee structure, offering sellers a chance to maximize their earnings like never before.
This fresh fee structure boasts a mere 6% fee for listings sold under $120, marking one of the most competitive rates in the industry. The previous 20% buyer’s premium and bonus commission fees are now a thing of the past, paving the way for sellers to pocket a larger chunk of their sales revenue.
Sellers can rest easy knowing that they will earn the same amount on sales of $120 or more as they did previously. The revamped fee system now allows sellers to rake in up to 94% of the listing price for sales under $119.99, a significant increase from the previous maximum of 85%. This bump in earnings is sure to put a smile on the faces of sellers, with all existing listings seamlessly transitioning to the new fee structure without the need for price adjustments.
The redesigned Buy Now marketplace not only focuses on empowering sellers but also aims to enhance the overall experience for collectors. By incorporating feedback from both collectors and sellers, the platform now boasts improved card discoverability, reduced listing times, and, of course, simplified fees. The removal of the 20% buyer’s premium and bonus commission encourages sellers to price their listings more competitively, enriching the variety and quality of offerings available to buyers.
To ensure a level playing field, listings priced more than 20% above fair market value will incur a 15% seller’s fee instead of the standard 6%. Furthermore, the removal of the $3 minimum fee for Buy Now sales enables sellers to list items for as low as 50 cents, promoting accessibility for sellers of all calibers.
In addition to the favorable fee structure, the new Buy Now marketplace also facilitates quicker transactions. With buyers making immediate payments through the Fanatics Collect app, sellers can receive their funds promptly, allowing buyers to swiftly add new treasures to their collections.
For sellers who may be apprehensive about the new fee structure, the option to delist items is always available. Assistance can be sought from sales representatives or the Collector Experience team for a seamless transition.
The debut of the Buy Now marketplace is a key component of Fanatics Collect’s grand launch, dedicated to elevating the collecting journey for all enthusiasts. Dive into the revamped marketplace today and leverage the lowered, simplified fees to elevate your selling experience and maximize your earnings with every sale!
