Nasdisc works on an Ask (Listing) / Bid model. Sellers create listings that consist of a price, disc condition, and sleeve condition for a given release. Buyers create bids that also consist of the price and conditions. A sale is made when a seller sells to the highest bid, or a buyer purchases from the lowest matching listing of their criteria.
How to Sell
When you are selling records on Nasdisc, you have two options:
- For any record, select your price and condition to view the highest price bid that matches your condition.
- If the price is not high enough, or there is no matching bid, you can proceed to create a listing (similar to a counter offer.)
- When you make a sale, the buyer’s card will be charged and you will be provided a shipping address.
- Specify the condition of your record and set a price that you’re willing to sell it for.
- If any bids match your criteria, you’ll be able to instantly sell.
- Otherwise, once you place the listing a notification will be sent out to all buyers with alerts and bids - and your listing will become public.
Benefits as a Seller
- Enables you to quickly liquidate inventory at the highest bid price without having to wait for a buyer to find it.
- Allow you to price records easier when buying inventory. For example, if you are deciding whether or not to buy a record from a collection, you can check for active bids to gauge what users are willing to pay today.
- If a bid is placed on a record that you have an active listing for, you will be notified and have the option to sell to that buyer immediately (unless another seller sells to them first.)