Fanatics Collect is revolutionizing the buying and selling experience for collectors with the introduction of their new Buy Now marketplace. The exciting launch brings simplified fees that aim to help sellers increase their earnings while providing buyers with a seamless shopping experience.
One of the standout features of the new fee structure is the 6% fee for listings sold for less than $120. This rate is notably lower compared to industry standards, making it more lucrative for sellers to list their items on Fanatics Collect. By eliminating the previous 20% buyer’s premium and bonus commission fees, sellers can now pocket a larger percentage of their sales, maximizing their profits.
Sellers will maintain the same earning percentage on sales of $120 or more as they did previously. However, the new fee structure allows sellers to earn up to 94% of the listing price on sales under $119.99, a significant increase from the previous maximum of 85%. This adjustment is designed to immediately benefit sellers, with all existing listings seamlessly transitioning to the new fee structure without requiring any price adjustments.
The revamped Buy Now marketplace has been meticulously redesigned to enhance the visibility of cards, reduce listing durations, and streamline the fee process, all based on valuable input from both collectors and sellers. The elimination of the 20% buyer’s premium and bonus commission encourages sellers to offer more competitively priced listings, ultimately enriching the options available to buyers.
In a move 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%. Moreover, the removal of the $3 minimum fee for Buy Now sales enables sellers to list items for as little as 50 cents, catering to collectors of all budgets.
The enhanced Buy Now marketplace also speeds up the transaction process significantly. Buyers purchasing items through the Fanatics Collect app will now make immediate payments, enabling sellers to receive their earnings promptly and buyers to swiftly add new items to their collections.
For sellers who prefer not to operate under the new fee structure, the option to delist their items is available at any time. They can seek guidance from their dedicated sales representative or reach out to the Collector Experience team for support and assistance.
The introduction of the Buy Now marketplace is a key milestone in the Fanatics Collect launch, with a clear focus on improving the overall buying and selling journey for all collectors. Discover the new marketplace today and make the most of the simplified fees to maximize your earnings on every sale!
