The money
How the money works
| Athlete | Seller | Next Up | |
|---|---|---|---|
| First sale | 80% | 20% | |
| Resale | 10% | 80% | 10% |
On top of the price, the buyer pays a 6% marketplace service fee on every purchase, first sale or resale. It is shown before you pay. A $20 card checks out at $21.20, and the athlete's 80% is unchanged.
Prices
The athlete sets the price of each card. The floor is $20 and there is no ceiling. The suggested range shown to athletes is conservative guidance based on the Seal and the edition size, and nothing more; it is not a valuation.
How payment moves
You add funds to your own account, which only you control, with Apple Pay or a debit card through our funding partner. When you buy, the payment goes from your account straight to the athlete (or the seller) and to Next Up in one step; there is no in-between account and Next Up never holds buyer or athlete money. The athlete's share lands in her own account the moment the sale completes, and she moves it to her bank through our payout partner after verifying her identity there once. Identity is verified before any payout; there are no anonymous sellers.
What the fee covers
Payment processing, the cost of minting on Base, and running the marketplace. The fee is the same on a first sale and a resale so there is only one number to remember.
Refunds
Cards are digital goods and a completed purchase is final, the same as a concert ticket. If a purchase fails partway, so that you were charged and the card was never delivered, we refund it.
If Next Up shuts down
The contract that holds the cards has a sunset clause. If the platform stops responding for long enough (a ninety-day heartbeat, then one hundred eighty days of silence, then a ninety-day release window), transfers open and every holder can move their cards anywhere. Nobody, including us, can switch that off.
Cards are collectibles, not investments.