You have to make sure that the shipping box is not too small. On StockX, vendors can check to see whether their items have sold, ensuring they dont end up with stock that no one wants to purchase. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. Of course, all payment plan options are subject to terms and conditions. Hello. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. Obviously, their policy on counterfeits is a good one we can all agree that nobody should be allowed to get away with selling fake shoes. They eventually got back to me and the issue was that they were worn. It includes details about shipping and selling via StockX. The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. And if the package doesnt meet their requirements, theyll send it back to you immediately and charge you the shipping fee. Press J to jump to the feed. Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. Your email address will not be published. However, real and fake tags can have a different hue. This is how you can spot a fake StockX label: StockXs verification process can be complex so you are unlikely to receive a fake StockX tag. Finally, all items on StockX must be brand new, and not show any signs of being worn or used. Failure to complete a sale may result in a $15 charge to your account, or a fee equal to 15% of the transaction price and/or indefinite suspension of your account. These items include size, color, condition, and other parts of the invoice. StockX will refund the buyer if an order is not eligible and return the item to the seller. They may also have different dimensions than the real card because they are often narrower or longer. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. Unfortunately, fakes are a common occurrence on StockX. A user can either click 'buy now' and submit a bid. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. Thanks for reading this massive vent. StockX is only a marketplace for deadstock merchandise, and does not accept the sale of worn items. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. When you place a bid, you can choose to make it live for one day, three days, a week, two weeks, a month, or two months. Hip-hop icon and Detroit native Marshall Mathers (a.k.a., Eminem) is an investor in StockX, but his ownership percentage is not known. Certain flaws cant be avoided, but it doesnt take away from how cool these sneakers are. Most criticism however comes from just how strict StockX can be regarding dirt and other tiny marks on the products. Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. Shipping worldwide. At least now you know exactly how to place a bid. Cant find the answer to your question? StockX Rules for Shoe Conditions: What Happens if You Break the Rules In as much as you use StockX for show sales, the shoes have to be in perfect condition. StockX urges the sellers to make sure they follow the steps correctly. Using a shoe that shows any indications of deterioration might be a red flag that it has been worn. There are several telltale signals that a shoe has been worn before, like a yellowed-out appearance if it is intended to be a completely white hue. Converse shoes that have never been worn are known as Deadstock. Most of the time, they are still in their original packaging and seem to be brand new. It was in a plain cardboard box that I received another pair of sneakers in, it fit their size requirements but wasnt technically folded in the way their sample images were. If you currently possess a pair of Air Jordan 11s and find that the Jordan 11 Retro Cherry you ordered from StockX runs a touch large, Irecommend exchanging them for a size down. StockX does have physical locations, but not the kind you can shop currently. My entire library of courses, templates, cheat sheets and swipe files. Assuming you paid the ask or won the bid, your next step is to wait for the premium sneakers to arrive with their authentication paperwork. . Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform that's now valued at $3.8 . Shoes sold as deadstock must be in their original packaging. They werent, but whatever. You should check for your eligibility before deciding on this option. While StockX endeavors to have your product arrive in perfect condition, they cannot control the shipping. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. So far, StockX has refuted Nikes claims in a public statement it reshared with Fast Company when we reached out for comment, and pointed out that Nikes own senior executives use its platformbut thats not necessarily a valid defense. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. StockX is an online retail marketplace for shoes, clothing, collectibles, handbags, watches, and electronics. ), Does 711 Sell Tampons? Thankfully they did not charge me the 15% return. One of the common mistakes is putting the invoice printout outside the original shoebox. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. Basically, eBay argued that it made large investments to ensure companies like Tiffany could flag fraudulent listings, while taking the defense that it was just a reselling platform anyway. Additionally, the StockX support team does consider cases on an individual basis. What if they claim its fake, or not in proper condition to sell? But it also increases their legal vulnerability to a counterfeiting claim. However, StockX does aim to complete the process in seven to ten business days. Let us know in the comments section below. The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock) Sellers who produce fake products will face penalties on StockX. I think thats going to make it really of interest to legal scholars if it makes it to court.. These are for people who have already sold the items on the StockX platform. They want to charge me 15% of the sale price for "processing". Whether you were wondering if StockX personally offers used footwear, I will have to tell you that they do not. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. To make sure you get it right, StockX even gives you an example of what not to do, in order to avoid making any mistakes. In addition to having the laces, the shoes must be laced up for StockX to accept them. We are not affiliated with or endorsed by any company unless otherwise noted, nor do we speak in any official capacity on behalf of any third-party. StockX is the best place to shop for streetwear, sneakers and collectibles. Hello. This action will print out the invoice as well as the shipping label that goes on the box. When you place the shoebox in the shipping box, make sure that you put some bubble wrap or shipping paper to make sure the shoebox doesnt open or get damaged. Finally, click on the Finish button. I have always been a shopaholic. Over on Twitter, UNH Franklin Pierce School of Law professor Alexandra Roberts published a thread outlining the complicated house of cards for StockX in this situation. ), Can You Sell Used Shoes On Stockx? ), How Long Does Stockx Take To Ship? (What To Know! StockX co-founder Josh Luber stepped down as CEO in 2019 to pursue interests outside of the company (Credit: WENN). But if you love hunting for the best price, spending some time and effort might pay off. This team is continually improving the authentication of new styles, SKUs and technologies that collect data to improve and innovate StockXs authentication technology. Am I even going to get my shoes back? The company operates as a live market, and as such, there are no options to return a product directly. But its a phrase that means different things to different people. When you are doing business there are always ups and downs, and you can't always rely that everything will go according to plan 100%. ), What Condition Do Shoes Have To Be To Sell On Stockx? Does anyone else have experience with this? What Happens If StockX Doesnt Approve Your Item? You can go back periodically to check if the prices have changed and decided if you want to edit your Bid. (Full List Of Times + Details), Does 7-Eleven Sell Cheese? What Causes Verification To Fail On StockX? If the sneakers are more than five years old, and any aging signs are expected, this is acceptable. To begin offering items for sale, you must create a seller account. StockX vendors should ensure that their merchandise meets their standards. Some sellers have expressed frustration, believing that StockX is a little bittoostrict with some of their authentication processes. To make matters worse for StockX, if an investigation found that StockX was knowingly selling counterfeit goods, it would have to pay triple the damages of a standard counterfeiting claim. Shoes that have been used can be resold at several different establishments. Reddit and its partners use cookies and similar technologies to provide you with a better experience. and our If someone else made the same Bid, youd see that there are two live bids for that amount at the moment. Of course, Nike might not actually care about the counterfeiting of a few shoes unto itself as much as this lawsuit might imply. Youll be paid a sum based on a certain proportion of the shoes final selling price. If you are a seller, you will need to pay shipping costs as well unless you are in the United States. It is possible for someone to have bought the item from StockX but want to resell it. Experienced sellers have mentioned that StockX tends to be most lenient with their shoes in fact, some sellersonlysell shoes on StockX for this reason. Returning an item results in enormous shipping costs, yet it is very uncommon for customers to do so anyhow. Be the first to rate this post. If a bank account is linked to the PayPal account, this could prevent a successful purchase. Once everything is authenticated, you will receive your payment. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. Your account can be subject to a penalty fee if you fail to ship the item within the allotted time period (typically two business days), or if you sell and ship StockX an item that does not meet our condition guidelines and/or isn't authentic or doesn't exactly match the item as it is described on StockX in any way. In this article, were going to guide you through the steps of packaging your shoes. Is the product legit? Extras are often supplied with deadstock shoes. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. StockX is known for its quality, but it doesnt guarantee authenticity. Only DS shoes, an acronym for deadstock, are acceptable at StockX. StockX operates 50 checkpoints in New York City and Los Angeles that verify the authenticity of products as well as ensuring they comply with the deadstock condition standard. Asks, Sell Now, shipping, verification and payment info. 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