Fanatics Collect, the ultimate destination for collectors, is thrilled to introduce its latest innovation – the new Buy Now marketplace. This exciting platform revamp comes with a game-changing feature – simplified fees that promise to revolutionize the selling experience for collectors of all kinds.
Gone are the days of hefty fees eating into sellers’ profits. Fanatics Collect has rolled out a fresh fee structure that includes a modest 6% fee for listings sold below $120. This rate stands out as one of the most competitive in the industry, allowing sellers to pocket more of their hard-earned cash. This new approach replaces the previous 20% buyer’s premium and bonus commission fees, paving the way for increased profitability and seller satisfaction.
Sellers dealing with items priced at $120 or above can rejoice as they continue to earn the same amount as before. However, for listings under $119.99, sellers now stand to gain up to an impressive 94% of the listing price, a substantial jump from the previous maximum of 85%. This uptick in earnings is sure to make a tangible difference in sellers’ wallets, offering a boost in revenue without the need for extensive price adjustments.
Fanatics Collect has also streamlined the Buy Now marketplace to enhance card discoverability, reduce listing times, and simplify the overall fee structure. In response to feedback from both collectors and sellers, the removal of the 20% buyer’s premium and bonus commission aims to spur sellers into creating more competitively priced listings. This move not only benefits sellers but also enriches the experience for buyers by diversifying the available options.
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%. Furthermore, the eradication 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 collector budgets.
Speedier transactions are also a hallmark of the new Buy Now marketplace. By purchasing items through the Fanatics Collect app, collectors can make instant payments, ensuring that sellers receive their funds promptly and buyers can swiftly add coveted items to their collections.
For sellers who may prefer to opt-out of the new fee structure, the option to delist items remains open at all times. Should any assistance be required, sellers are encouraged to reach out to their dedicated sales representative or the reliable Collector Experience team for support.
The launch of the Buy Now marketplace marks a pivotal moment in the Fanatics Collect journey, signaling a commitment to enhancing the buying and selling experience for all collectors. Dive into the revamped marketplace today, and leverage the simplified, reduced fees to maximize your earnings with every sale!