These updates have been made to increase the transparency and liquidity of assets on Alt and are aligned with our mission to solve many of the friction points in the hobby with tech-based solutions. The changes help our users make better-informed decisions when buying, selling, and managing their assets.
Buying on Alt
Active offers on Exchange listings: When viewing an Exchange listing you will see all active offers for an asset. If you offer matches or exceeds an available Buy now price you will be notified that the item is available for purchase at or lower than your offer price.
Offer Eligibility: Offers made on Exchange listings will no longer apply to single items. Any offer made is open to be accepted by any seller whose item is the same card and shares the same grade and grading company. Offers expire automatically after 7 days.
Offer Management: The Exchange Buying table will give you the ability to view and manage your active offers. Withdrawn and Rejected offers will no longer be visible.
Buyer Notifications: You will receive notifications via email when:
There is a new highest offer on your listing and the offer ≥ 50% of your asking price
You have an active offer that is outbid (e.g. you no longer have the highest offer on an item)
Payment: When a buyer's offer is accepted by a seller, the purchased item will remain in a pending payment state (no longer available for sale or outtake).
Buyers will notified that they have 3 days to initiate payment and 8 days for the payment to settle. The seller is notified that funds should be available within 7 days.
If payment has not been received after 7 days, the prospective buyer will be notified that the sale was cancelled due to incomplete payment and the buyer's account will be suspended.
The seller is notified that the sale was cancelled due to incomplete payment and the listing has automatically re-listed at the last sale price prior to offer acceptance.
HOW DO I KNOW IF THE OFFER I PUT ON A CARD WAS ACCEPTED?
You will receive an email notifying you that your offer was accepted. ALT offers instant transfer of ownership so all items purchased on Exchange will immediately appear in your portfolio after the transaction.
For any questions or feedback, please contact us through the messenger located in the corner of your browser or reach out to support@alt.xyz.