Fanatics Collect has made a thrilling announcement with the introduction of their new Buy Now marketplace, tailored to provide sellers with a seamless experience and superior earning potential. The revamped fee structure brings forth a momentous change, featuring a mere 6% fee for listings sold below $120, a striking difference from the previous 20% buyer’s premium and bonus commission fees that were once in place.
This fresh approach is a boon for sellers, allowing them to maximize their earnings by receiving up to an impressive 94% of the listing price for sales under $119.99, a substantial leap from the previous maximum of 85%. Not only is this a substantial increase in profits for sellers, but it also eliminates the need for them to adjust prices manually, as all existing listings will automatically transition to the new fee structure.
The redesigned Buy Now marketplace has been carefully crafted to enhance the overall user experience, catering to the needs and preferences of both collectors and sellers. The removal of the 20% buyer’s premium and bonus commission is set to encourage sellers to create more competitive listings, ultimately enriching the array of options available to potential buyers.
In an effort to uphold fairness and competitiveness, listings priced over 20% above fair market value will be subject to a 15% seller’s fee instead of the standard 6%. Moreover, the removal of the previous $3 minimum fee for Buy Now sales now allows sellers to list items for as little as 50 cents, offering more flexibility in pricing.
One of the most significant benefits of the new Buy Now marketplace is the expedited transaction process. Through the Fanatics Collect app, collectors can instantly pay for their purchases, enabling sellers to receive payments promptly and buyers to swiftly add coveted items to their collections.
For sellers who may be hesitant to adapt to the new fee structure, the option to delist items at any time provides a sense of control and flexibility. Assistance is readily available through sales representatives or the Collector Experience team for those in need of guidance or support during this transition.
The launch of the Buy Now marketplace marks a pivotal moment in the Fanatics Collect journey, signifying a commitment to enhancing the overall buying and selling experience for all collectors involved. Embrace this exciting change today by exploring the new marketplace and reaping the benefits of simplified fees to amplify your earnings on every sale.
