Panini NFT Frequently Asked Questions

The Panini Blockchain Marketplace is a cutting-edge platform where collectors can buy and sell officially licensed Panini NFTs from the world's top sports leagues. Featuring the largest collection of officially licensed sports NFTs, it offers a seamless, secure, and 24/7 trading experience for a global audience of sports and blockchain enthusiasts.

What sets the Panini Blockchain Marketplace apart is its commitment to authenticity and innovation. Backed by exclusive licenses with premier leagues such as the FIFA, WWE, LaLiga, and more, the marketplace ensures unparalleled access to digital collectibles featuring iconic athletes and moments.

With a robust ecosystem that includes direct listings, flexible offer-making capabilities, and comprehensive transaction histories, Panini provides collectors with a transparent and user-friendly experience. Combining blockchain technology with decades of expertise in sports collectibles, Panini empowers both new and seasoned collectors to own a piece of sports history on a trusted and innovative platform.

1. Navigate to Your Collection:

• Access your collection to view all owned NFTs.

• Select the NFT you want to list for sale.

• If unsure about pricing, the Sales Guide offers pricing recommendations based on market trends and past sales to help you set a competitive price.

2. Set Your Buy Now Price:

• Choose from suggested pricing options or input your own custom Buy Now price.

• The Buy Now price is the fixed amount at which buyers can immediately purchase your NFT.

3. Configure Auto Accept Price (Optional):

• Enable the Auto Accept feature to automatically accept offers that meet or exceed the specified price.

• This streamlines the process, ensuring you don't miss attractive offers.

4. Set Notification Preferences:

• Opt for default system notifications for updates on offers, bids, and activity.

• Alternatively, customize your notification settings to reduce interruptions or receive updates tailored to your preferences.

5. Confirm and List:

• Review all the details of your listing.
• Once satisfied, click Confirm to finalize and make your NFT available on the marketplace.

Tracking Your Activity

•  "My Activity" Section:
  • Offers Received: View all offers made on your NFTs.
  • Offers Made: Track offers you've placed and their statuses.
  • Completed Sales: Access detailed records of completed transactions, including sale prices and payment statuses.

1. Buy Now: The Instant Option

For collectors seeking a straightforward purchase process:

• Locate Your NFT: Use the Marketplace or search filters to find your desired NFT.
• Review Details: Check the NFT's Buy Now price listed by the seller.
• Complete the Purchase: Click Buy Now to immediately acquire the NFT at the listed price.

This method guarantees a transaction without delays or waiting for offers to be accepted.

2. Quick Buy: A Random Selection at the Floor Price

Ideal for buyers looking for the lowest available price without concern for serial numbers:

• Select Quick Buy: Choose the Quick Buy option.

• Automatic Selection: The system picks an NFT at the floor price (the lowest price currently listed).

• Confirm Purchase: Complete the transaction, and the NFT will be added to your collection.

This is the fastest way to secure an NFT at the best price on the marketplace.

3. Offer System: Tailored Buying Options

For a more strategic approach, buyers can place offers using one of the three available offer types:

1. Global Offer

Targets all serial numbers of a specific NFT card.

• Flexibility: Offers are visible to all owners of the card, regardless of the serial number.
• Efficiency: Saves time by eliminating the need to make individual offers for multiple serial numbers.
• Wide Reach: Maximizes the chances of securing the NFT by reaching all potential sellers.
• Example: Place a Global Offer of $200, and any owner of the card regardless of serial number can accept it.

If you're looking for a more tailored buying experience, you can place offers on NFTs.

2. Range Offer

Focuses on a specific range of serial numbers within a card set.

• Selective Targeting: Ideal for buyers who value a subset of serial numbers, such as early editions or jersey matches.
• Customizable: Allows buyers to define a desired range (e.g., serial numbers 1-10).
• Example: Place a Range Offer of $300 targeting serial numbers 1-10. Only sellers holding cards in this range can accept your offer.

3. Serial Offer

The most specific option, targeting a single, unique serial number.

• Precise Targeting: Perfect for buyers looking to secure a specific serial number with personal or collectible significance.
• High Value: Often used to acquire rare or iconic numbers, such as jersey matches or first editions.
• Exclusive Appeal: Only the owner of the targeted serial number can respond to the offer.
• Example: Place a Serial Offer of $500 for serial number 23 (e.g., matching a famous athlete's jersey). Only the owner of serial #23 will see and respond to your offer.

Steps to Make an Offer:

1. Select the NFT:

• Browse the Marketplace or search for the card you want.
• Review the details, such as the player, cardset, and serial number, to ensure it meets your collection goals.

2. Choose the Offer Type:

Offers are categorized into three types to suit different purchasing strategies:

• A. Global Offer
• B. Range Offer
• C. Serial Offer

3. Set Your Offer Price:

• Enter the price you're willing to pay.
• Utilize Panini's buyer guidance tools to align your offer with market trends and increase the chances of acceptance.

4. Choose Your Offer Duration

• Select or customize a duration for your offer after which it gets expired. 
• Click on Review & Confirm to proceed.

5. Choose Your Payment Method and Submit Your Offer:

• Click on the payment method you want to use.
• Click Confirm Offer to activate.
• Your offer will remain active until it is accepted, revoked, or the buyer-set expiration time elapses.

6. Manage Your Offers:

• You can revoke active offers at any time before acceptance or expiration.
• Track all offer activity through the My Activity section:
  • Offers Made: View your placed offers and their statuses.
  • Offers Received: Monitor incoming bids on your listed NFTs.
  • Completed Sales: Access a record of finalized transactions, including prices and statuses.

1. Managing Notifications:

Stay informed without being overwhelmed by managing notifications based on your preferences:

How to Adjust Notification Settings:

• Navigate to: Settings > Notifications.
• Types of Alerts You Can Manage:
• Offer Alerts: Be notified only when offers match specific conditions like rarity, card types, or minimum offer values.
• Sales Alerts: Get notified when your listed NFTs are sold.
• General Alerts: Stay updated on important platform announcements and system updates.

Customizing notifications ensures you're only alerted when relevant offers or sales occur, keeping your experience smooth and focused.

2. Managing Active Listings:

Need to adjust your sales strategy? Easily remove your listings at any time:

How to Delist a Listing:

• Navigate to: Profile > Active Listings.
• Select the NFT you want to update.
• Choose "Delist" to remove it from the marketplace.

This flexibility helps you adapt to changing market conditions and ensure you get the best value for your NFTs.

3. Managing Received Offers:

Stay in control of offers on your NFTs with intuitive management tools:

How to Manage Offers:

• Navigate to: Profile > My Activity > Offers Received.
• Review incoming offers on your NFTs in one organized view.
• Use the Hide Offers feature to filter out unwanted offers on specific NFTs if you're not interested in selling at that time.

By keeping your offers and active listings organized, you'll stay ahead in the marketplace and make the most of every selling opportunity.

Pro Tip: Take full control by enabling auto-accept for specific NFTs, allowing seamless transactions when offers meet or exceed your set price. This ensures you never miss a great deal!

If you find yourself unable to make offers or list your NFTs on the Panini Blockchain Marketplace, it may be due to one of the following reasons:

1. Complete Your Identity Verification

To ensure a secure and compliant trading environment, Panini requires identity verification before you can access certain features like making offers, listing NFTs, or withdrawing funds.

What You Need to Do:

Complete the Know Your Customer (KYC) process as prompted on your account dashboard.

Once verified, you'll be able to make offers, list NFTs, and participate in all marketplace features without restrictions.

Why This Matters:

KYC helps maintain a safe and transparent marketplace while complying with legal and financial regulations.

2. Payment Failures on Offers

Repeated payment failures when making offers using Credit Cards or PayPal can result in a temporary block on your ability to place offers using those payment methods.

Common Causes of Payment Failures:

• Insufficient funds or expired payment methods.
• Bank or credit card issuer blocking the transaction.
• Use of unsupported payment methods.

What You Need to Do:

• Check Your Payment Method: Ensure your card or PayPal account is active and has sufficient funds.
• Contact Your Bank or PayPal: If the issue persists, contact your financial institution to authorize transactions with Panini.
• Submit a Support Ticket: If you still encounter issues, create a support ticket with a clear description and a screenshot of the error message. Our support team will investigate and provide next steps.

Pro Tip: If your payment method gets blocked due to multiple failed transactions, you may still use other approved payment options, such as your Panini Wallet, to continue trading while resolving the issue.

• For Buyers: Panini Wallet, Credit Card, PayPal.
• For Sellers: Sales proceeds are credited to the Panini Wallet. Withdrawals can be made via cryptocurrency, ACH, wire transfer, or PayPal.

1. LOCK MY FUNDS

Definition:

When you choose the Lock My Funds option, the amount specified for your offer is reserved in your Panini Wallet and cannot be used for other purchases or offers until the offer expires or is canceled. This ensures the funds are guaranteed when the seller accepts your offer.

Example:

Suppose your Panini Wallet balance is $1,000, and you make an offer of $500 for an NFT using the Lock My Funds option. Here's what happens:

Locked Funds: $500 is held for this specific offer.

Available Balance: You can only use the remaining $500 for other purchases or offers.

If the seller accepts your offer within the offer duration, the $500 is used automatically. If your offer expires or is canceled, the funds are released back into your wallet.

Why Use This?

Guaranteed Purchase: The funds are reserved, so the seller knows your offer is backed by real funds.

Best for Serious Offers: Use this option when you're certain about your purchase and don't want the funds used elsewhere.

2. UNLOCKED OFFERS

Definition:

Unlocked Offers allow you to place multiple offers on different NFTs by leveraging your total wallet balance. Your wallet funds are not locked unless an offer is accepted. The system tracks all active offers and automatically cancels any offers that exceed your updated wallet balance if your funds change.

Example:

Let's say your Panini Wallet balance is $1,000, and the system allows you to place up to 50 Unlocked Offers based on your available funds.

You place 50 offers for $1,000 each on different NFTs.

If one offer gets accepted, leaving your new wallet balance at $0, the system will automatically cancel all remaining offers since you no longer have available funds to cover them.

What Happens If Your Balance Drops?

Withdrawal Made: If you withdraw $500 from your wallet, only $500 worth of offers remain valid.

Offer Accepted: If an offer of $700 is accepted, the remaining $300 balance determines which pending offers are still valid.

Why Use This?

Maximized Opportunity: Place multiple offers without locking funds upfront.

Best for Active Collectors: Use this when you want to increase your chances of securing multiple NFTs but don't want your funds locked unless offers are accepted.

When you sell an NFT on the Panini Blockchain Marketplace, a transaction fee will be applied to the sale amount.

Current Fee Structure

• For sales between $1 and $50,000: A 5% fee will be deducted from the total sale amount.

• For sales above $50,000: A 2.5% fee will apply to the entire sale amount.

Yes! Unopened packs in your collection can be seamlessly listed for sale on the Panini Blockchain Marketplace.

Reselling sealed packs allows you to leverage the demand for untouched collectibles while providing other collectors the chance to discover the digital treasures within. List your packs securely and let the blockchain ensure a transparent and efficient transaction process.

Panini provides a secure and reliable support system to assist with all your marketplace transactions and queries, ensuring a seamless blockchain experience.

For any assistance, connect with our support team through the following link:

https://nft.paniniamerica.net/resources/support.html

Your queries will be addressed promptly to ensure a smooth and transparent trading journey.

Yes, Panini allows gifting of NFTs to other accounts as long as they meet the gifting criteria which can be found on the details page of every NFT.

We do not support gifting of NFT Packs at this moment, although those can be put up for sale.

Yes, all sales on the Panini Blockchain Marketplace are final.

Panini does not offer refunds for any purchases, including individual NFTs, unopened packs, or other items listed on the marketplace. This policy ensures the integrity and immutability of blockchain transactions. Please review all details carefully before completing your purchase.