Marketplace
Introduction to Nifty Gateway
Nifty Gateway is a company that maintains a website for the purchase and sale of NFTs. Odyssey's marketplace is powered by Nifty Gateway. Odyssey's marketplace website (the "Market") is on Odyssey's website, and is separate and different from Nifty Gateway's own website.
The Odyssey Market is where you can buy and sell your Starbucks Odyssey "stamps" (NFTs). You will be given access to the Market after you obtain your first Odyssey stamp. Odyssey will automatically generate for you a random Nifty Gateway account and username. The username consists of two words and two numbers.
You do not need to create a separate Nifty Gateway username and password to receive your stamps. All stamps earned in Starbucks Odyssey will be deposited into your automatically generated Nifty Gateway account.
When accessing the Market, you must access it through the Starbucks Odyssey website. You can do this by logging into Odyssey and clicking on "Market." A new screen will pop up asking you to enter the two-factor authentication code that was sent to your Starbucks Odyssey email. (Enable pop-ups for Odyssey.) Enter the validation code and you will be taken to the Nifty Gateway marketplace through Odyssey. Do not go directly to NiftyGateway.com. (Your Starbucks email and password will not work on the regular Nifty Gateway website.)
After logging into the Market you will see the Starbucks Odyssey stamp collections which are available for purchase and sale. (Pictured below.)
Viewing Stamps
When viewing stamps we recommend sorting them from lowest price to highest price. (Pictured below.) Not all stamps are available for purchase if the owner has not listed it for sale. Some stamps may not be for sale, but sellers are open to accepting offers.
On the left sidebar are filters which you can activate to narrow your search. These filters are stamp "traits." All stamps have traits. Some traits are shared among the entire collection. For example, all limited edition stamps all have 1,500 bonus points. Other traits are shared only among some stamps. Some traits are common, and other traits are rare. In the picture below the Siren stamps have seven traits. The "Bonus Points" and "Bonus Points Expire" traits are the same for all Siren stamps. On the other hand, the five other traits have multiple variations which provide visual variation to the collection.
Clicking on each category of traits will reveal a list of all the variations of that trait. By activating the filter for a particular trait the website will only show stamps with that trait. Activating a trait-specific filter when viewing stamps will make it easy to identify how each trait visually affects each stamp.
Buying Stamps
If you would like to purchase a stamp through the Market, you must first complete a few housekeeping tasks.
First, you should add a credit card to your Odyssey account. (Pictured below.) Click on your profile image (top right corner of the screen) when viewing the Odyssey Market. A drop-down menu will appear. Then click "Account Settings." Then click "Balance & Payment Methods." From there you will be able to add a credit card to your Odyssey account.
Second, adding a credit card to your Odyssey account will require that you verify your access to the added credit card by properly entering two small and temporary test charge amounts. You will need to log into your credit card account to find the test charge amounts, and then enter those charge amounts into Odyssey's website to confirm you own that credit card. The two small test charge amounts are between $1.00 to $1.99. These test charges will be withdrawn from your credit card after verification.
Do not use a Capital One credit card. Capital One credit cards do not function smoothly with Nifty Gateway's website. Using a Capital One credit card will result in failed purchases.
When viewing a single stamp you can see its edition number, the seller, the asking price, and a button to make an offer if the seller is accepting offers. (Pictured below.) To the right of the "Buy Now" button will also be a button to "Get Price Alert." If you choose, you can activate price alerts so that when a stamp in this collection is listed for sale at or below your designated alert price you will be notified by email. In the picture below a price alert has been set for $1,000.00.
You will also see the traits for the stamp. The traits of each stamp will show a percentage in parenthesis. This percentage indicates the amount of stamps in this collection which share that same trait. A lower percentage means that trait is rare, and a higher percentage means that trait is more common. Clicking on one particular trait will open a new window showing all stamps with that particular trait.
To purchase a stamp at the seller's asking price you can select "Buy Now." You will then be taken to a confirmation page to confirm your purchase.
Alternatively, if you wish to make an offer, click "Make Offer" and you will be taken to a confirmation page where you can submit a purchase price to the seller below their current asking price.
Offers to sellers stay active for seven days, after which time they will automatically be declined. As of this article's writing (June 2023), sellers do not receive emails from Starbucks or Nifty Gateway informing them that an interested buyer has made a direct offer on a stamp that they own. The only way for the seller to become aware of your offer is if they view the global history for the collection or they log into their Odyssey account and navigate to the "Offers Received" panel to view all pending offers made on stamps they own. Since there is no email notification for direct offers, some interested buyers attempt to find the seller on the Odyssey Discord to notify them directly. The Odyssey developers have indicated that email notifications are a feature likely to be added in the future.
Viewing the Activity History
Viewing a collection's activity history (also known as "Global History") can be very helpful for understanding your stamp's value and market conditions. The information contained in a collection's activity history shows the prices for all stamps listed for sale, all stamps sold, all global offers made, and all direct offers made to specific stamps. To view a collection's activity history, log into the Odyssey Market and navigate to the collection you would like to view. Then click the "Activity & History" button (pictured below, see the red arrow).
The activity history will show the edition number for each stamp, and the activity which occurred. You can also toggled the "Sales only" button to filter all activity in the Global History by sales only. (Pictured below.) This will allow you to easily see the history of how much stamps have sold for. For stamps that are all the same (such as journey stamps), you will likely see stamps selling for almost the same price. But for stamps which are unique 1/1s or for stamps which have variety within the collection (such as the Avatar Collection) you will see some stamps selling for much higher than other stamps. Those stamps likely are rarer.
Global Offers
When viewing the Activity History (aka "Global History") of a collection, you can see all global offers made by users. (Pictured below.) Global offers are offers by a potential buyer who is willing to buy any stamp in this collection for a set price. In the picture below, you can see a global offer was made by the user boldunderpass32 for $27.01 (red rectangle). It is important to emphasize that when you make a global offer, you are committing yourself to purchase any stamp in that collection at that price. If a seller accepts your offer, you may get a stamp you like, and you may not get a stamp you do not like. You have zero control over what stamp you receive. Why then do buyers make global offers? Sometimes buyers do not care which stamp they receive. Additionally, due to this loss of control, buyers can often buy stamps for cheaper than the existing floor price. Sellers can sometimes get impatient and accept a global offers to have an instant sale and instant liquidity rather than waiting for a buyer to accept their asking price.
When viewing the Activity History, you can also see direct offers made on a particular stamp. In the picture below, you can see a direct offer was made by the user flatlatte on stamp #244 for $31.25 (green rectangle). The potential buyer was interested and only interested in purchasing that one particular stamp for a particular reason. We know this offer was a direct offer on a particular stamp because an edition number is shown in the activity history.
When global or direct offers are accepted they will appear as a regular transaction in the global history. The global history does not distinguish sales which were the result of global or direct offers versus those which were a result of "buy it now" purchases. There is no easy way to make this distinction yourself other than by matching up the sales price to an offer. In some instances this can be difficult because the offer can be accepted hours, or days later and thus it is not necessarily the next activity in the Activity History right after the offer. In the example below there was a global offer made by the user brianhc99 for $28.00, which was accepted soon thereafter by the seller jayknew (orange rectangle).
Selling Stamps
Before you sell a stamp, you must first validate your account. First, log into your Odyssey account, go to the Market, and enter your 2-factor authentication when prompted. Once you are in the Odyssey Market, then click your profile picture in the top right corner, then click "Account Settings," and then click "Seller Settings." Follow the prompts to verify your account using your telephone number.
After validating your account, you must also link a bank account using Stripe. Again, once logged into the Odyssey Market, click on your profile picture in the top right corner, then click "Account Settings," and then click "Balance & Payment Methods." Follow the prompts to connect a U.S. bank account to Nifty Gateway through Stripe.
Once these two steps have been completed, you will be ready to sell a stamp. You do not need to repeat these steps every time you list a stamp for sale.
Now you need to choose which stamp you want to sell. Go to the Odyssey Market, and then click on your profile picture in the top right corner to open up the drop-down menu. Click on "Profile" to see all the stamps that you own. Your stamps will be shown in "List" view.
Important: Do not try to sell your stamp from "List" view. If you try to, a new window will open up asking you to log into the Odyssey Market again even though you're already logged in. Many users cannot log in from this new page and in frustration they will reset their password. Resetting your password can lead you to get locked out of your Starbucks Odyssey account. View your stamps from "Cards" view instead. (See picture below.)
View your stamps from "Cards" view. Select the stamp you want to sell by clicking on it. A new page will open up, showing you your stamp, with the options to "List for Sale," "Transfer," or "Withdraw." (See picture below.)
Transferring a stamp allows you to send it for free to another Nifty Gateway user. (Useful for trading or gifting stamps.) Withdrawing a stamp is moving a stamp to a self-custody external wallet. (Not recommended for users unfamiliar with cryptocurrency and external wallets.) To sell a stamp, click "List for Sale."
After clicking "List for Sale" a new page will load where you will set your sale price. (See picture below.) Set your sale price in U.S. Dollars (USD) by entering it into the "List Price" field. The website also tells you the sale price of the last stamp that sold in this collection.
Warning: The last sale price should not be automatically relied upon when pricing your stamp. The stamp you are trying to sell might be more valuable if it is rare, or has greater eye-appeal than the average stamp. This is especially true if you are attempting to sell a stamp that is a generative 1/1 stamp since each stamp is unique (i.e. a Siren stamp, a First Store stamp, a Green Apron stamp, or a Holiday Cup stamp). Alternatively, the last sale price may also be from the sale of a very rare stamp. The stamp you are trying to sell might not be as valuable as that stamp.
Even if you are selling a stamp where all the stamps in collection are the same, such as a journey stamp (i.e. a Doing Good stamp, a Coffee Heritage stamp, or a Bean to Cup stamp), you still should be cautious about relying upon the last sale price to value your stamp. Journey stamps with special edition numbers can sometimes sell for higher than the average stamp. The stamp you are trying to sell may have a special edition number, or the stamp that last sold might have had a special edition number. On the other hand, the last sale price might have been to a low-ball global offer and that last sale price is not indicative of the true floor price for stamps in this collection.
Thus, while the last sale price is intended to be helpful for sellers, the authors of this website recommend that you do not solely rely on it when pricing your stamps. You should do your own research of your stamp's value before listing it for sale.
Warning: If you were viewing your stamps in "List" view, you may have seen an "Av. Resale" (average resale) column. The average sale price should not be automatically relied upon when pricing your stamp. You could have a very rare and valuable stamp that is worth much more than the average sale price. The stamp you are trying to sell might be more valuable if it is rare, or has greater eye-appeal than the average stamp. This is especially true if you are attempting to sell a stamp that is a generative 1/1 stamp since each stamp is unique (i.e. a Siren stamp, a First Store stamp, a Green Apron stamp, or a Holiday Cup stamp). Check the market before you list your stamp for sale to see if there are other stamps like yours on the market. If there are not, then you might have a rare stamp!
The website will show you the fees you will pay from the sale proceeds when your stamp sells based upon your sale price. Selling an Odyssey stamp through the Market incurs a 2.5% marketplace fee paid to Nifty Gateway (plus an additional $0.30 flat rate fee), and a 7.5% royalty fee paid to Starbucks.
After entering your sale price into the "List Price" field, click the "Confirm Listing" button at the bottom of the page. In the picture below the stamp is being listed for $130.
A pop-up window will then appear asking you to confirm your list price. (See picture below.) You must enter the same sale price into the list price field, then click "List for Sale." This pop-up window is a fail-safe measure to ensure that sellers do not accidentally list a valuable stamp for less than it is worth due to human error. After clicking "List for Sale" you will see a confirmation page, and you will receive a confirmation email.
Turning On Buyer Offers
If you're willing to consider offers from buyers for less than your list price, you can turn on "accept offers." The "accept offers" button appears towards the bottom of the page when viewing one of your stamps. (See picture below.)
Click the toggle button to turn on "Accept Offers." When activated the button will turn green, and the words "Edit Minimum" will appear to the right of it. Clicking the "Edit Minimum" button will open up a text box.
In this text box you can set a minimum offer price from buyers.
In this particular example we are setting a minimum offer price of $200.00. Click "Save Minimum" to save your minimum offer price.
Accept Offers Quick Tips
Turning on "Accept Offers" will not automatically accept offers from buyers that meet your minimum offer requirement. To accept a buyer offer you must go to the "Offers Received" panel in your Odyssey Market dashboard. Caution: There is not a confirmation page to confirm your acceptance of the offer so be careful where and what you click on when in the "Offers Received" panel.
Presently, as of this article's writing (July 2023), there is no email notification from Starbucks or Nifty Gateway that you received an offer from a buyer on your stamp. The only way to become aware of your offer is if you view the global history for the collection or if you log into your Odyssey account and navigate to the "Offers Received" panel to view all pending offers made on your stamps.
You can turn on "Accept Offers" without setting a minimum offer price.
You can turn on "Accept Offers" without setting a list price. Doing this will allow buyers to make offers on your stamp even though your stamp will not be shown as for sale.
Accepting Offers
To accept buyer offers, you must first log into the Market. Once logged into the Market, click on your profile picture to open the drop-down menu. Click on "Profile" in the menu. (Red arrow, pictured below.) This will take you to your profile so you can view your stamps.
When viewing your profile, be sure to view your stamps in "List" view. (Red arrow, pictured below.) You can only see buyer offers in "List" view. You cannot see buyer offers in "Cards" or "Gallery" view.
In "List" view you can see all your stamps, your purchase price, the floor price, the last sale price, the all-time average re-sale price, your list price (if this stamp is currently for sale), how many active offers have been made for the stamp, and the best active offer.
To accept a buyer offer for a particular stamp you own, click on the "View Offers" button for that particular stamp. (Pictured below.)
On the next page you will see all the active offers for your stamp. (Pictured below.) The offers will be displayed with the highest offer on the top, and the lowest offer on the bottom.
The "Offer From" column shows the buyer's name.
The "Offer" column shows the buyer's offer price.
The "Total After Fees" column shows your net sale proceeds after fees for the sale have been paid.
The "Bid Type" column shows what type bid this is. A "global" bid means that the buyer is willing to purchase any stamp in that particular collection. A "direct" bid means that the buyer has made an offer only on that specific stamp.
The "Payment" column shows how the buyer will be paying you. "Card" means they will be paying you via a credit card. "Balance" means they will be paying you with their Nifty Gateway balance (i.e. money they made from selling their own stamps on the Market). You may also see the occasional seller willing to pay you with their Ethereum balance (ETH cryptocurrency). Unless you are familiar with cryptocurrency, then the authors of this website suggest you only accept buyer offers who are paying by Card or Balance.
The "Offer Date" column shows when the offer was made. Buyer offers stay active for 7 days.
The "Expiration" column shows how much time you have left to accept the offer before the buyer's offer automatically expires. Buyers can always cancel their offers before the 7 day automatic expiration date.
To accept a buyer offer on your stamp, click the "Accept Best Offer" or "Accept" button for the offer you wish to accept. Warning: there may not be a confirmation page after you click to accept the buyer offer. Only click accept if you truly want to accept the offer.
Accepting Offers Quick Tips
Nifty Gateway has been periodically updating their website layout, design, and user interface. The instructions on how to accept buyer offers as shown on this website may differ slightly from Nifty Gateway's current website. (These instructions were written on November 4, 2023.)
Be careful to not accidentally click "Accept Best Offer" or "Accept" unless you truly intend to accept that buyer's offer because there may not always be a confirmation page after you click.
Cashing Out
To cash out the money from the sale of your stamps, log into the Odyssey Market. Then click on your profile picture icon in the top right corner. This will open up a drop-down menu. Then click "Account Settings." (See picture below.)
After clicking "Account Settings" from the drop-down menu, you will see a new page with various settings listed along the left side of the screen. Click on "Balance & Payment Methods" along the left sidebar. (See picture below.) This will reveal your current cash balance. To cash out your balance to your bank account, then simply click "Cash Out to Bank." Note, you will have to have already connected your bank account to your Odyssey account through Stripe. After cashing out your balance, you will receive a confirmation email from Nifty Gateway. In most cases your cash will be credited to your bank account in 2-3 business days. You must have minimum balance of $25.00 to cash out.
