Fanatics Collect is thrilled to unveil its latest innovation, the new Buy Now marketplace, designed to provide a more profitable and efficient platform for collectors and sellers alike. The introduction of simplified fees aims to boost earnings for sellers while offering faster transactions for collectors.
The standout feature of the new fee structure is the flat 6% fee for listings sold for less than $120, a remarkably low rate compared to industry standards. This change replaces the previous 20% buyer’s premium and bonus commission fees, resulting in a more lucrative selling experience for users of the platform.
Sellers can now earn up to 94% of the listing price on sales under $119.99, a significant increase from the previous maximum of 85%. This adjustment is set to benefit sellers immediately, with all existing listings automatically transitioning to the new fee structure, ensuring a seamless experience without the hassle of price adjustments.
With a focus on improving user experience, the Buy Now marketplace has been revamped to enhance card discoverability, reduce listing times, and streamline fees based on valuable feedback from collectors and sellers. The removal of the 20% buyer’s premium and bonus commission incentivizes sellers to create more competitively priced listings, enriching the variety and quality of options available to buyers.
In order to maintain a fair and competitive environment, 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, catering to a wider range of offerings.
One of the standout benefits of the new marketplace is the facilitation of faster transactions. When collectors make purchases through the Fanatics Collect app, they can pay immediately, ensuring sellers receive their payments promptly and buyers can swiftly add new items to their collections.
For sellers who may prefer not to operate under the new fee structure, the option to delist items is available at any time. Should sellers require guidance or support, they can reach out to their dedicated sales representative or the Collector Experience team for assistance.
The launch of the Buy Now marketplace marks a pivotal moment in the Fanatics Collect journey, dedicated to elevating the buying and selling experience for all collectors involved. Don’t miss the opportunity to explore the new marketplace today and leverage the reduced fees and expedited transactions to maximize your earnings on every sale!