Fanatics Collect Unveils New Buy Now Marketplace with Simplified Fees
Fanatics Collect has made waves in the collecting world with the launch of their latest innovation – the Buy Now marketplace. This new platform not only simplifies the selling process but also offers a fee structure that is highly advantageous to sellers. In a world where collecting has become increasingly popular, Fanatics Collect has taken a step to empower sellers to maximize their earnings.
The standout feature of the new fee structure is the introduction of a flat 6% fee for listings sold for less than $120. This rate is one of the lowest in the industry, ensuring that sellers can pocket a significant portion of their sales. By eliminating the previous 20% buyer’s premium and bonus commission fees, Fanatics Collect has created a more lucrative environment for sellers to thrive in.
What sets this fee structure apart is the fact that sellers will now earn the same amount on sales of $120 or more as they did previously. This means that sellers can now earn up to 94% of the listing price on sales under $119.99, a substantial increase from the previous maximum of 85%. This change is sure to benefit sellers immediately, with all existing listings seamlessly transitioning to the new fee structure without any need for adjustments.
The revamped Buy Now marketplace is not just about fees; it has also been redesigned to enhance the overall user experience. Collectors and sellers provided valuable feedback that was used to improve the discoverability of cards, reduce listing times, and simplify the fee structure. By doing away with the 20% buyer’s premium and bonus commission, sellers are encouraged to create listings that are competitively priced, thereby diversifying and enriching the options available to buyers.
To ensure a fair and competitive marketplace, listings priced more than 20% above fair market value will be subject to a 15% seller’s fee instead of the standard 6%. Additionally, the removal of the $3 minimum fee for Buy Now sales means that sellers can list items for as little as 50 cents, opening up opportunities for collectors of all budgets.
One of the most exciting improvements to the Buy Now platform is the facilitation of faster transactions. Through the Fanatics Collect app, collectors can now make immediate payments, allowing sellers to receive their earnings promptly and buyers to add new items to their collections without delay.
Sellers who may be apprehensive about the new fee structure have the flexibility to delist their items at any time. Assistance is readily available from sales representatives or the Collector Experience team for those who may need guidance or support during this transition.
The launch of the Buy Now marketplace marks a significant milestone for Fanatics Collect, as they continue to elevate the buying and selling experience for collectors. Don’t miss out on the opportunity to explore this new platform and leverage the reduced fees to maximize your earnings on every sale.