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Overview:
Born in 2002, SportsBuy.com (formerly NAXCOM) has become one of the premier sites on the internet for fixed price sales of sports cards. At it's heart is a system not unlike that of the stock market, giving buyers the ability to post the prices they would be willing to pay for cards and sellers the option of accepting the best offer listed.
Also central to SportsBuy's philosophy is its buyer protection policy. Once a transaction is accepted on the site, the buyer's account or credit card is charged immediately. But instead of going directly to the seller, the money is held by the site for 12 days (less for the site's VIP sellers), giving the buyer time to dispute an item that is incorrect or is never received.
If everything is acceptable on the buyer's end, SportsBuy sends the money to the seller. It's a system that helps safeguard collectors from some of the shadier practices of dishonest sellers on other sites, and with millions of transactions under its belt, SportsBuy claims every buyer has received the item he expected or his money back.
There is no cost to open an account and no charges for listing items for sale or posting buy offers. Sellers are charged two fees when their items sell: a payment processing fee that helps defray the costs associated with accepting credit cards and a transaction fee that rises with the final sale price of the item.
Frequent sellers can take advantage of a VIP program that offers increased visibility on the site, faster payment and a custom storefront page. There are three levels, each with increasing benefits and a corresponding monthly or annual fee.
Buyers also benefit from fixed shipping prices set by SportsBuy and based on the size of the item and the distance it needs to be shipped. This eliminates the sometimes questionable charges sometimes found on other sites.
SportsBuy took the plunge into auctions in 2007, offering many of the same features found in its fixed price sales. The company also owns ThePit.com, a site that allows cards to be bought and sold and held in portfolios similar to stocks. Finally, SportsBuy holds private autograph signings with athletes and usually sponsors some sports card shows in the vicinity of its California headquarters each year.
