At Alt, we are revolutionizing the industry by offering competitive rates, secure transactions, and reliable service for collectible sellers. Submitting your cards to an auction on Alt is easy and efficient. You can consign directly from your Collection page or ship your cards to Alt for immediate processing. Eligible cards receive dynamic and competitive cash advance rates based on market factors. Follow our guidelines below to maximize your returns and experience the industry's best consignment service.
Submitting assets to sell within an Alt auction is easy regardless of whether your cards are vaulted or not. We're delivering maximum value to our collectors through:
Cash Advances: Receive dynamic and competitive cash advances based on multiple factors, including market trends, card liquidity, grade, and condition
Fast asset transfers: Once a transaction has settled, the winning bidder will automatically receive the card in their Alt Vault
End-to-end consignment: No further actions are required once a card has been submitted by a seller and approved by Alt's Card Experts
Seller's Bonus: A buyer’s premium that is added to the final hammer price and shared between Alt and the seller. Sellers within an auction will receive a bonus based on the hammer price of each sale
How to Submit Cards to Auction
To consign cards to an auction on Alt, collectors can choose between the two simple methods below:
Directly From Your Collection Page:
Navigate to your 'Collection' page
Find the card you want to sell and click the purple 'Sell' button, located in the card's 'Status' column
A pop-up will appear, confirm your actions by clicking 'Consign Now'
Your card will then be reserved for the next upcoming auction
Shipping to the Alt Vault:
If your cards are not yet in the Alt Vault, you can ship them to us for direct processing into an auction
Include your 'AXN' Vault ID as the recipient of the package
Your 'AXN' Vault ID can be found on the 'Shipments' page within your Alt account. The recipient information on your shipment should look something like this:
Alt (#axn_123456): John Doe
Upon arrival, our Vault team will assess the cards, digitize them, and upload them to your Collection, while also submitting them to the next auction
You will receive an email notification once this process is complete, and the cards will be marked as 'Reserved for Auction' in your Collection
Cash Advances
When consigning cards to an upcoming auction, cards that are evaluated at $250 or higher by our Card Experts are eligible to receive a cash advance. Alt provides cash advances based on various factors including market trends, card liquidity, grade, and condition. These advances are not necessarily reflective of the card’s market value but are based on what we are comfortable advancing.
If you consign multiple cards to the same auction, you may qualify for a cumulative cash advance that is based on the total estimated value of all consigned cards. This means that even cards valued at less than $250 individually may be eligible for a cash advance if combined with higher-value cards. This lump-sum advance approach allows us to offer even more competitive cash advance rates for our sellers!
By consigning a diverse collection of cards, you may receive higher cumulative cash advance percentages. Upon auction conclusion, the proceeds from your card sales will first be used to repay the provided cash advance, with any remaining balance then being credited to your Alt account.
Monitoring Your Cards in Auction
Once an auction is live, sellers can monitor the progress of their listed cards directly from the 'Auction' tab within their Collection page.
On this page, sellers can view detailed information about each live card, including the current bid (with the 20% Buyer's Premium included), cash advance details, the number of bids, and options to share the direct listing on social media.
Seller Bonus
When purchasing a card in an Alt Auction, a 20% Buyer's Premium is applied on top of the final hammer price (winning bid) of the card. Sellers do not pay selling fees on auction proceeds — you receive the full hammer price plus your seller bonus. However, please note that vaulting fees may apply at the time of intake for slabbed cards with an Alt Value under $50.
Alt applies the buyer’s premium on top of the final hammer price, which is shared between the seller and Alt. Sellers receive the full hammer price plus a seller bonus, determined by:
The submission value of the lot at the time it was received
Your current Alt Rewards tier
Submission Value When Received | Base Tier | Silver Tier | Gold Tier | Black Tier |
<$1k | 104% | 106% | 108% | 110% |
$1k - $5k | 106% | 108% | 110% | 111% |
$5K - $25K | 108% | 110% | 111% | 112% |
$25K - $50K | 110% | 111% | 113% | 114% |
$50K - $200K | 112% | 113% | 114% | 115% |
$200K+ | 115% | 115% | 115% | 115% |
The submission value refers to the estimated market value of all cards submitted together as a single lot.
Payments
Payment Deadlines for Auction Winners
Purchases Totaling Under $10,000: To ensure a smooth and efficient checkout experience, winners have one hour after auction close to complete their payment.
Purchases Totaling Over $10,000: To provide flexibility for higher-value transactions, winners have up to five days after the auction concludes to complete their payment.
If payment isn't initiated within the applicable timeframes above for your purchases, Alt will automatically process the transactions using your default payment method on file. If that method fails, we'll automatically attempt your other stored payment methods to complete the purchase — your default method will be used again for your next purchase. See Payment & Payout Methods for more on how automatic payments work.
If all payment attempts fail, Alt may take disciplinary actions, which may include liquidating vaulted assets and/or suspending the account.
Buyers have the ability to complete payments on Alt through credit/debit card, ACH transfer, wire transfer, WeChat Pay, or Apple/Google Pay. Note that ACH transfers do typically take 4-5 business days to fully settle into Alt.
Upon settlement of the buyer's payment, the sale will be completed and the seller's Alt account will be credited any remaining owed proceeds. The card will then automatically transfer ownership from the seller's Alt Vault to the buyer's, with no further action required by either party.
Auction Listing Rescheduling/Cancellations
Rescheduling a Listing
If your card hasn't sold yet and you'd like to move it to a different auction cycle, you can reschedule it directly from the app in most cases — no need to contact our Support team.
How to reschedule in the app
Open the listing from the Auction page or your Collection
Select Reschedule
Choose the auction cycle you'd like to move the listing to
Confirm your selection
Your listing will move to the new cycle. If the card has an active cash advance, it carries over automatically — no repayment is required to reschedule.
Eligibility
A listing can be rescheduled in the app if all of the following are true:
It hasn't started its scheduled auction yet, or it's within the first 24 hours of a live auction with no bids placed
It hasn't already been rescheduled through the app once before (self-serve rescheduling is limited to one time per listing)
Its cash advance, if any, was issued 14 days ago or less
If one of the above criteria are not met then the listing will not be eligible for rescheduling.
Listing Cancelation Requests
Looking to move your card to a different auction instead of canceling it? Use the Reschedule option on the listing — see 'Rescheduling a Listing' section above. Rescheduling doesn't require returning your cash advance and, in most cases, can be done instantly in the app. The cancellation process below applies only to sellers who want to pull a card from auction entirely.
Once a card has been consigned and listed in an Alt auction, cancellation requests are evaluated on a case-by-case basis and are not guaranteed. To be considered, a cancellation request must be submitted to our Collector Support team within 3 days of the auction start date (no later than the Monday following the auction start). Requests received after this window will not be eligible for cancellation.
Cancellations may be considered in the following situations:
A card was included in an AXN shipment that was not intended for auction
A listing error occurred on Alt's end
A seller error was identified within 24 hours of the auction going live
Cancellations will not be approved for the following reasons:
A better offer was received outside of the platform
The seller is unhappy with the card's performance
The request is made more than 3 days into a live auction listing
Please note that any cash advance associated with the listing must be returned in full before a cancellation can be processed.
Frequently Asked Questions
How do I submit cards to an auction from my vault?
A: Submit for an auction directly from your Collection. Simply select "Sell", next to the card in question, then select "Consign Now".
How do I submit cards that are not vaulted?
A: If you have unvaulted cards in your possession that you’re interested in selling in an Alt auction, feel free to utilize our Snap to Sell feature on the Alt mobile app in order to receive an estimate of their value and a cash advance quote from our team.
How far in advance of an auction must unvaulted cards be received?
A: Cards must be received by the vault at least one week in advance of an auction. If an approved auction card is received less than a week in advance, it may be included in the following auction. More information on how to send your cards to the vault can be found here.
What is the cash advance turnaround time?
A: Vaulted Cards: Applied within three business days of submission approval.
Cards Not Vaulted: Applied within three business days after the cards have been processed into your vault.
How does the cash advance work?
A: Cards that are submitted to an upcoming auction and evaluated at a value of $250 or higher by our Card Experts, will be eligible to receive a cash advance. Alt provides cash advances that are dynamic and dependent on multiple factors (market, card liquidity, grade, and condition) and aren't necessarily what we believe a card's market value to be but rather what we are comfortable advancing.
Are there any fees associated with selling within an Alt Auction?
A: Alt doesn't charge seller fees on the auction proceeds themselves — you keep 100% of the winning bid. However, certain intake fees may apply at the time of submission depending on card value.
What cards are eligible for submission?
A: Only cards graded by PSA, BGS, BVG, SGC, and CGC are eligible for sale on the platform. They must also not fall into the below categories, and if they do, they are not eligible for sale, only storage:
Qualifiers: In addition to a numerical grade, some graded companies also carry a Qualifier to identify specific characteristics of the card.
Any mislabeled slabs will not be eligible for sale on the platform. Please double-check all slabs prior to sending to the Vault.
If a card does not sell, what happens?
A: Alt will give you the option to pay back the cash advance in order to repossess the card in the event that the asset receives zero bids upon completion of the auction cycle. If you do not wish to return the cash advance, the card will automatically rerun within the next scheduled auction catalog.
How far in advance of an auction must cards be submitted for approval?
A: Cards must be submitted for approval at least one week in advance of an auction.
Do cards need to be vaulted to be listed in an auction?
A: Cards must be vaulted and undergo our quality assessment in order to be listed in an auction.
Does rescheduling affect my cash advance?
A: No. Unlike cancellations, rescheduling a listing does not require repaying your cash advance. The advance carries over to the new auction cycle as long as it was issued within the last 14 days. If it's older than that, you'll need to contact our Support team to reschedule.
Are cash advances part of Alt's Lending program?
A: No, Alt's cash advances that may be offered when selling cards through our auctions are not part of our Alt Lending service.
Cash advances are simply an early payout option available to sellers who consign cards to upcoming Alt Auctions. If eligible, you may receive up to 70% of the estimated value of your consigned cards in advance of the auction, with no interest, no repayment terms, and no credit check required. Unlike formal loans issued through Alt Lending (which include interest and are currently only available to U.S.-based users), cash advances are not restricted by user location. International users can be eligible to receive a cash advance as long as the cards meet our auction requirements.
For questions, please contact us through the messenger located in the bottom left corner of your browser, text us at (833)483-5949, or reach out to support@alt.xyz