Fanatics Collect is revolutionizing the buying and selling experience for collectors with the introduction of a new Buy Now marketplace. The revamped fee structure promises to simplify fees and maximize earnings for sellers, making it an exciting development for the community.
One of the standout features of the new fee system is the introduction of a flat 6% fee for listings sold for less than $120. This rate is notably lower than many competitors in the industry, allowing sellers to retain a larger portion of their sales revenue. By eliminating the previous 20% buyer’s premium and bonus commission fees, Fanatics Collect is making it more lucrative for sellers to list their items on the platform.
Sellers can expect to earn the same amount on sales of $120 or more as they did previously. However, the new fee structure brings a substantial increase in potential earnings for sales under $119.99. Sellers now have the opportunity to earn up to 94% of the listing price, a significant improvement from the previous maximum of 85%. This change is designed to benefit sellers immediately, without the need to make any adjustments to their existing listings.
In response to feedback from collectors and sellers, the Buy Now marketplace has undergone a redesign to enhance the visibility of cards, streamline the listing process, and simplify fees. By doing away with the 20% buyer’s premium and bonus commission, Fanatics Collect is encouraging sellers to create more competitively priced listings, ultimately enriching the diversity and quality of items available to buyers.
To ensure a fair and competitive marketplace, 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 means that sellers can now list items for as little as 50 cents, opening up opportunities to sell a wider range of items on the platform.
The new Buy Now marketplace also prioritizes speed and efficiency in transactions. Collectors purchasing items through the Fanatics Collect app can make immediate payments, enabling sellers to receive their earnings swiftly and buyers to add new pieces to their collections without delay.
For sellers who may prefer not to operate under the new fee structure, the option to delist their items at any time is available. Support and guidance from sales representatives or the Collector Experience team are easily accessible for those needing assistance with the transition.
The unveiling of the Buy Now marketplace is a pivotal moment in the Fanatics Collect launch, underscoring the platform’s commitment to enhancing the overall experience for collectors and sellers alike. Do not miss the opportunity to explore the new marketplace and benefit from the simplified fee structure, faster transactions, and increased earnings on every sale!