Fanatics Collect is excited to announce the launch of a new Buy Now marketplace, offering simplified fees to help sellers maximize their earnings. The new fee structure includes a 6% fee for listings sold for less than $120, one of the lowest rates in the industry. This change replaces the previous 20% buyer’s premium and bonus commission fees, making it more profitable for sellers.
Sellers will earn the same amount on sales of $120 or more as they did before. The new fee structure means that sellers can earn up to 94% of the listing price on sales under $119.99, compared to a maximum of 85% previously. This significant increase in earnings is designed to benefit sellers immediately, with all currently listed items automatically transitioning to the new fee structure without needing to adjust prices.
The Buy Now marketplace has been redesigned to improve the discoverability of cards, reduce listing times, and simplify fees, based on feedback from collectors and sellers. The removal of the 20% buyer’s premium and bonus commission encourages sellers to create more competitively priced listings, enhancing the diversity and quality of options available to buyers.
To maintain a fair and competitive environment, listings priced more than 20% above fair market value will incur a 15% seller’s fee instead of the standard 6%. Additionally, the $3 minimum fee for Buy Now sales has been removed, allowing sellers to list items for as little as 50 cents.
The new Buy Now marketplace also facilitates faster transactions. When collectors purchase items through the Fanatics Collect app, they pay immediately, allowing sellers to receive their payments quicker and buyers to add to their collections sooner.
Sellers who prefer not to sell under the new fee structure can delist their items at any time. For assistance, sellers can contact their sales representative or the Collector Experience team.
The debut of the Buy Now marketplace is a significant part of the Fanatics Collect launch, aimed at enhancing the buying and selling experience for all collectors. Explore the new marketplace today and take advantage of the simplified, lower fees to maximize your earnings on every sale!