COMC will open its eBay consignment service next month, with its first batch of auctions set to launch at the end of the year.
Earlier this month, the company announced it was planning to supplement its online consignment store with an auction option.
The new platform will allow users to shuttle their current COMC inventory to eBay auctions or submit new items to the company for auction consignment.
COMC will list the cards on eBay, ship them to buyers and remit payment to consignors through their COMC store credit accounts.
Only single cards will be accepted for consignment and the company is suggesting that only cards with a minimum value of $25 or more be submitted. There is a minimum transaction fee of $3.50 per card. Until December 9, however, that fee is being cut to $2.50.
In addition to the eBay transaction fee, consignors will pay a 10% cash out fee if they choose to liquidate the store credit account balance following the auction. Those who choose to keep the money in their COMC account and use it to purchase other cards on the website will save that fee.
All items will be sold through eBay’s seven-day auction option with minimum bids of 99 cents. Auctions will begin and end Sunday evenings, starting with the first batch that will launch December 29.
Based in the Seattle area, COMC has become a giant in the buying and selling arena for sports and non-sports trading cards. The company’s foundation is a marketplace in which sellers submit cards to the company. COMC then processes, scans and stores them while sellers handle the online pricing of items at their convenience. Those who buy from the site pay for their items using “store credit” they obtain by making a deposit or selling their own cards. COMC takes care of the packing and shipping and puts the money into the seller’s store account. There’s no fee for using store credit to buy cards but those who want take the money must pay a “cash out” fee.
In recent years, COMC began offering users the option to also have their items populated as fixed price listings on eBay and Amazon in exchange for slightly less financial return. Now, they’ll also have the option to auction them at whatever the auction market will bring.
In its original email to users announcing the move, COMC touted the use of high resolution, lightbox-style imaging for its listings. The company stated that auction listings would also show up in COMC search results.
Full details on the eBay consignment service can be found on the COMC blog.
You can bookmark the COMC eBay store here.
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