Fanatics Collect, a popular platform for sports memorabilia enthusiasts, has just made a major announcement that is bound to please both collectors and sellers alike. The unveiling of their new Buy Now marketplace comes with a promise of simplified fees and increased earnings potential for those using the platform.
One of the most exciting features of this new marketplace is the introduction of a 6% fee for listings sold for less than $120. This fee structure is one of the lowest in the industry, replacing the previous 20% buyer’s premium and bonus commission fees. Sellers can now maximize their profits, with the potential to earn up to 94% of the listing price on sales under $119.99, a significant increase from the previous maximum of 85%.
The transition to the new fee structure will benefit sellers immediately, as all currently listed items will automatically switch over without the need for price adjustments. This move is designed to simplify the selling process and ensure that sellers can focus on creating high-quality listings without being burdened by excessive fees.
The redesigned Buy Now marketplace aims to improve the discoverability of cards, reduce listing times, and streamline the fee structure based on feedback from collectors and sellers. By removing the 20% buyer’s premium and bonus commission, Fanatics Collect is encouraging sellers to price their items more competitively, ultimately providing buyers with a wider range of options to choose from.
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%. Additionally, the platform has removed the $3 minimum fee for Buy Now sales, allowing sellers to list items for as little as 50 cents, catering to a broader range of sellers and collectors.
In addition to the improved fee structure, the new Buy Now marketplace also prioritizes faster transactions. Collectors purchasing items through the Fanatics Collect app can now pay immediately, ensuring that sellers receive their payments promptly and allowing buyers to add new items to their collections without delay.
For sellers who may not wish to continue under the new fee structure, the option to delist items is available at any time. Support is also readily accessible through dedicated sales representatives or the Collector Experience team for any queries or assistance needed during the process.
The introduction of the Buy Now marketplace is a key component of the broader Fanatics Collect launch, aimed at enhancing the overall buying and selling experience for collectors. Whether you’re a seasoned seller or a passionate collector, the new marketplace promises simplified, lower fees, and a more seamless selling process. Dive into the new marketplace today to maximize your earnings on every sale and enjoy a faster, more efficient transaction experience!
