MySlabs has a new Feature today -- I am digging it!!!
Channel: eXtreme Card Breaks
Date: 20/01/2021

MySlabs has a new Feature today -- I am digging it!!!

Messgae that posted to the MySlabs Facebook Group:

Fire Sales will appear very similar to other listings in the For Sale feed but can be distinguished by the 🔥 before the price and a 15 minute running clock immediately following. Also, Fire Sales always appear at the very top of the For Sale feed and at the top of search results where applicable.

Fire Sales give sellers maximum exposure on MySlabs because of their position atop the feed. In exchange for this preferential exposure, sellers will pay a 5% fee (instead of the standard 1%). By requesting to run a fire sale, sellers agree to lower the For Sale price of Fire Sales at a rate of 10% per hour. Price reductions are automated and will occur at each 15 minute interval, reducing by 2.5%.

Fire Sale cards are able to be purchased with a Buy Now button just like any other listing on MySlabs. However, Fire Sales do not have a Make Offer option. And just like any other For Sale listing, Fire Sales can be stopped by the Seller at any time by removing the slab from the For Sale feed but by doing so you can potentially eliminate your option of running them in the future.

Tracking of Fire Sales with Notifications - Tracking is available for Buyers on all Fire Sales by marking the Tracking box. A pop-up will ask buyers to enter a Price Target at which they wish to be notified via text. (Please note: Buyers will be redirected to the Phone Verification process if they have previously not verified their phone numbers).For example, a Fire Sale that starts at $125 may not become interesting to a Buyer unless it falls to the $85 level. By entering the $85 Price Target the Buyer will be notified via text message at the price increment immediately above their desired price target (you will be given the heads up via text that your target price is coming up).

Also, anyone will be able to see the amount of people watching a fire sale by clicking on a listing and looking at the 👀 box. This should generate interest and hopefully inspire earlier purchases.

Fire Sales will allow sellers who need to raise funds quickly to receive payments in their PayPal account on the same day, and possibly as quickly as a few hours. There is ZERO risk of non-payment or delayed payment with Fire Sales, as they require immediate payment to end the sale. As with all items listed on MySlabs, returns are NOT TOLERATED and buyers who violate this policy will be dealt with swiftly.

For Beta Launch we have recruited a handful of sellers, who have demonstrated a history of high quality scanned images, properly positioned flat and cropped well, displaying the entire slab without a distracting background or foreign objects. In addition, full detailed titles and accurate sorting are paramount. While all sellers on MySlabs must continually demonstrate professionalism, prompt shipping, safe packing, etc. in order to maintain their status on our platform, we have limited the Beta to a pre-selected group who we have discussed our Fire Sale product with, and who understand the benefits and risks.

Every fire sale must be approved in the system by myself. We initially are only looking for highly traded, easily moveable cards where market value is evident to the majority of the industry. We suggest starting the initial posting price slightly above market on hot cards because the hope is these sales are going to end up generating a ton of eyes on your listing and will create a competitive sale. A full market value sale on MySlabs is still cheaper than on eBay.

There is a decent chance that some bugs appear during this LIVE Beta. Please have patience if any glitches occur. Our hope is to work out any bugs before opening the option up as we continue to improve our platform for buying and selling Slabs and Wax.


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