COMC is getting into the eBay auction consignment business.
The company announced the upcoming launch of a new platform that will allow users to shuttle their COMC inventory to eBay auctions or submit new items to the company for auction consignment.
COMC will handle listing the cards on eBay and remit payment directly to consignors. 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.
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 the 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.
COMC says it will announce more details, including its pricing structure, at a later date but indicated sellers would be paid as soon as the buyer pays for their auction winnings.