Fanatics Collect has exciting news for all collectors and sellers as it introduces a brand new Buy Now marketplace. The primary focus of this launch is to offer simplified fees that aim to maximize earnings for sellers while enhancing the overall buying experience for collectors.
One of the most notable changes in the new fee structure is the introduction of a flat 6% fee for listings sold for less than $120. This fee is significantly lower compared to industry standards, making it more lucrative for sellers. By replacing the previous 20% buyer’s premium and bonus commission fees, sellers can now earn more from their sales.
Sellers will continue to earn the same amount on sales of $120 or more, ensuring consistency in earnings. However, the new fee structure allows sellers to earn up to 94% of the listing price on sales under $119.99, a substantial increase from the previous maximum of 85%. This adjustment is designed to benefit sellers immediately, with all existing listings seamlessly transitioning to the new fee structure without requiring any price adjustments.
In addition to the revised fee structure, the Buy Now marketplace has undergone a redesign to improve the visibility of cards, streamline listing processes, and simplify fees based on feedback from both collectors and sellers. The removal of the 20% buyer’s premium and bonus commission incentivizes sellers to create competitively priced listings, ultimately enriching the range and quality of choices available to buyers.
To ensure a fair and competitive marketplace, listings priced more than 20% above the fair market value will incur a 15% seller’s fee instead of the standard 6%. Furthermore, the previous minimum fee of $3 for Buy Now sales has been eliminated, enabling sellers to list items for as low as 50 cents.
The enhanced Buy Now marketplace also contributes to quicker transactions. When collectors make purchases through the Fanatics Collect app, they are required to pay immediately. This streamlined process benefits sellers by accelerating payment receipt and allows buyers to promptly add new items to their collections.
For sellers who may prefer not to operate under the new fee structure, they have the flexibility to delist their items at any time. Support and guidance are readily available through their sales representative or the Collector Experience team for any assistance needed during this transition.
The introduction of the Buy Now marketplace marks a significant milestone in the Fanatics Collect launch, aiming to elevate the buying and selling experience for all collectors involved. Embrace the new marketplace today to capitalize on the simplified fee structure and maximize earnings from every sale.