Fanatics Collect, a haven for sports memorabilia enthusiasts, has exciting news for collectors and sellers alike. The platform has introduced a fresh Buy Now marketplace, promising simpler fee structures that aim to elevate seller profits while providing buyers with wider choices.
Gone are the days of hefty fees eating into sellers’ earnings. With the new fee system in place, items sold for less than $120 will only incur a 6% fee – a remarkable shift from the prior 20% buyer’s premium and bonus commissions. This adjustment positions Fanatics Collect at the forefront of seller-friendly marketplaces, enabling sellers to maximize their earnings without compromising on competitive pricing.
Sellers can rejoice at the prospect of earning up to 94% of the listed price for items sold under $119.99, a considerable jump from the previous cap of 85%. This change ensures that sellers see a direct and immediate impact on their earnings, with all existing listings seamlessly transitioning to the new fee structure without any price adjustments necessary.
The revamped Buy Now marketplace has also undergone a facelift to enhance user experience. Based on feedback from the vibrant community of collectors and sellers, the platform now boasts improved discoverability, reduced listing times, and, most importantly, streamlined fees. By eliminating the 20% buyer’s premium and bonus commissions, Fanatics Collect motivates sellers to price their listings more competitively, resulting in a more diverse and high-quality range of options for buyers.
Furthermore, to maintain fairness in the marketplace, listings priced above 20% of the fair market value will be subject to a 15% seller’s fee, rather than the standard 6%. In an effort to accommodate sellers of various scale, the minimum fee for Buy Now sales has been removed entirely, allowing items to be listed for as little as 50 cents.
Simplicity and speed are at the core of the new Buy Now marketplace. Transactions through the Fanatics Collect app now facilitate immediate payment from buyers, enabling sellers to receive their earnings promptly and buyers to enhance their collections without delay.
For sellers hesitant about the new fee structure, the platform offers the flexibility to delist items at any time. In need of guidance or support? Sellers can reach out to their dedicated sales representative or the Collector Experience team for assistance.
The launch of the Buy Now marketplace marks a pivotal moment in the Fanatics Collect journey, dedicated to refining the buying and selling experience for all collectors. Dive into the revamped marketplace today to leverage the reduced fees, faster transactions, and a thriving environment tailored to elevate your sales experience.
