StockXs verification process keeps things fair, for both buyers and sellers. For sellers, the process is not that different. I have always been a shopaholic. What should I do? The company operates as a live market, and as such, there are no options to return a product directly. They have insider knowledge and expertise that most people do not. Home ), Does Stockx Pay For Shipping? Shipping your new sneakers to you is a two-step process. Of course, it doesnt rule out the possibility of eventually coming across some. Are you planning on placing a bid on StockX? The platform requests everyone considering bidding or making an offer to consider their circumstances. one of the rare instances where StockX will cancel orders for buyers. . http://bit.ly/2AbwKld INSTAGRAM https://www.instagram.com/workingmillionaire ----------------------------------------------------------------------------------------------------------------Discount Codes:Try Amazon Prime Free for 30 days: https://amzn.to/2LL2uhxAmazon Prime Student FOR FREE: https://amzn.to/2C4thptGet HBO For FREE: https://amzn.to/2PSEU5VTry Twitch Prime: https://amzn.to/2wwQ6guMy Gear:Camera: https://amzn.to/2MhVZbNDJI Osmo Mobile 2: https://amzn.to/2NFyDx1Microphone: https://amzn.to/2LZPAwYNeewer Ring Light: https://amzn.to/2mYQUWaLaptop: https://amzn.to/2xBo6sy----------------------------------------------------------------------------------------------------------------Thanks for Watching! In total, these businesses have sold hundreds of thousands of units and have touched millions of lives. Even shoes that have only been worn a few times can be purchased and resold on StockX. However, StockX does aim to complete the process in seven to ten business days. In this case, eBay won. Whereas StockX takes that next step . I really like the fact that sneakers are a big part of what StockX is doing. Continue reading to learn more about shoes that fail to pass the StockX authentication test. But anything that resembles rips, tears, and deeper dents are automatically rejected. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. You can also use the string to determine authentication by checking if you are able to put it together. If you bought the incorrect size, this also applies to you. This might help you formulate the Bid. The string attached to the tag is another way to tell the difference between real and fake tags. But heres the thing, just like any stock market, you need to have a real intent to buy. Shoes in deadstock condition are the only ones accepted for sale on StockX. Originally released in April 1985 during Michael Jordans rookie season with the Chicago Bulls, these Air Jordan 1 High sneakers sell for $15,000 on StockX. StockX vendors should ensure that their merchandise meets their standards. Create an account to follow your favorite communities and start taking part in conversations. StockX receives a pair of shoes resold on its platform and verifies that the shoes are authentic, even adding a special tag to mark their veracity. I've emailed them, I hope it's a mistake. Its an active middleman in every purchase. Extras, like shoelaces, might also be included in the package. Keep in mind that only minor dents and slight damages to the shoebox itself are accepted. Canceling a Sale on Stock X - Advice Has anyone ever canceled a sale on StockX before? Use tape to close the box safely. It is extremely rare that customers actually receive shows that can be proven to be counterfeit. This is. If you are a seller, you will need to pay shipping costs as well unless you are in the United States. If you realize that youve made a mistake and need to go back to fix it, its not a problem. Required fields are marked. Let us know in the comments section below. So, before you decide to sell your old footwear on StockX, its important to weigh the benefits and drawbacks. If StockX does not approve your item during their verification process, the item will be returned to you and you will be charged 15% of the final sale price of the item. I want to warn you that my English is bad. Make sure to toggle the button from Buy Now to Place Bid and then enter the amount you have in mind. You can either wait for someone to meet your ask price or click sell now after you have a few bids. They do not sell previously owned shoes on StockX, and if a seller is found to be selling previously owned products (what happens in well over 90 percent of actual situations), they will be fined fifteen percent. And show you what the shipping process looks like as well. This program is run in partnership with Affirm. Therefore, you need to find an authorized UPS location and drop off your package. ). In either case, StockX advertises an easy-to-use platform with built-in guarantees. In such instances, the buyer does not incur any additional costs. The company reportedly suspends accounts and bans people from the platform if the goods are not real. Choose the kind of help you need. Cant find the answer to your question? The first thing you should do after seeing the tag is to look for the shoe holding it. How are the import duties, sales tax, and Buyer processing fees calculated? Then you send the items out for authentication by StockX. Press J to jump to the feed. Shoes sold as deadstock must be in their original packaging. Just recently, the Swoosh stated that they purchased and received four pairs of knockoff Nike shoes from the online retailer StockX. If you keep sending them fakes they will suspend your account. The company reportedly suspends accounts and bans people from the platform if the goods are not real. Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe . StockX is known for its quality, but it doesnt guarantee authenticity. But over the course of the trial, the facts came out: These were actually legitimate Coach products that Kim had gotten on discount as an employee, and she was simply flipping them for a profit. ' says Grinvald. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. You can easily compare them. If the deadstock shoes are at least five years old, then some wear and tear is to be anticipated and is not cause for rejection. It has to go with the shoes. 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. Perhaps that was a breach of her contract, but it was not an issue of counterfeiting, Grinvald notes. Tape the UPS label on the outside of the shipping box, not the shoebox. Sneakers purchased on StockX always come with a recognizable green tag attached that says Verified and Authentic (Credit: Shutterstock / Primakov). Lovers of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX. Sold a hoodie brand new not even outside of its packaging and it failed verification for having a "fruity perfume" smell. Sellers who produce fake products will face penalties on StockX. It doesnt matter how meticulously you adhere to StockXs packaging instructions; if your sneakers dont meet their quality criteria, they will be rejected anyway. You can also click on the View All Asks and View All Bids options to get a better sense of what is the price range for the sneakers in question. Find out more here. How Does Bidding Work on StockX? StockX is committed to real products and manages its own authentication process. ), Does 711 Sell Tampons? The quality of authentic tags paint is clearly better than fake tags. Save my name, email, and website in this browser for the next time I comment. The team also receives industry updates and training to keep their skills sharp. I just had a pair of Jordan 1s fault and I have the receipt from SNKRS when I won the drawing. After ensuring that youve followed the protocol of adequately packaging your shoes for StockX, its time to send them to the company. Minor single corner damage Minor single corner crushing or minor lid rip Minor box wear and tear Examples of Box Conditions That Will Likely NOT Meet StockX Condition Standards Extensive crushing of one side/corner Missing part of the box or major rip Damage from animal presence It comes with the sticky side. What If The Fake Shoes Made It To The Customer? Web 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 thats now valued at $3.8 billion. 500+ business, marketing, and personal development lessons. StockX gives you two business days to take the package to the UPS, but you have to pack them first. Actions like selling used shoes on StockX will definitely result in the product not passing the authentication process. Additionally, the StockX support team does consider cases on an individual basis. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. Here on JamesMcAllisterOnline.com, he shares his knowledge that brought him to where he is today. Thats actually illegal as well. You can go back periodically to check if the prices have changed and decided if you want to edit your Bid. What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. All you need to do is visit the UPS website and enter all the information about your package. Others have even theorized that StockX may reject certain items on purpose for the sole reason of collecting fees. Finally, click on the Finish button. StockX will refund the buyer if an order is not eligible and return the item to the seller. ), Does 7-Eleven Sell Ice? Because of this, StockX offers its take on the matter. Nike might argue such a shoe is counterfeit, but, at the end of the day, it was made by Nike! says Grinvald. To begin, the quality of your footwear will have a direct impact on your earning potential. If something does not ship, then StockX will attempt to find another item that matches the parameters. (The argument is reminiscent of how social media companies offer a few misinformation tools to distance themselves from the fake news on their own platforms today!) Scroll down a bit and choose the duration of your Bid as well. Note that before making any sales on StockX, make sure to read the terms and conditions. Your email address will not be published. What happens if I sell shoes on StockX do they surround the shoes for. Your Bid also has an expiration date. We do allow the original box to have slight damage such as minor dents, however, we do not allow boxes with major rips or tears. 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. Your email address will not be published. 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. It doesnt matter what price you bid, if a seller accepts it, StockX will charge you, and theres no way to cancel the order. A bid can stay up the whole time without anyone accepting it. If the shoes are not authentic, or they are not in deadstock condition with the original box, you will be charged 15% of the sales price or $13.95 for shipping them back to you, whichever is more. All of these actions are taken to expedite shipment to the customer as soon as possible. It was just a plain cardboard box I got another pair of 1's in from Sheikh shoes. 2 [deleted] 3 yr. ago [removed] longdaddynate 1 yr. ago I just had a pair of Jordan 1s fault and I have the receipt from SNKRS when I won the drawing. In these cases, you should contact support. I bought them from Footlocker on release day in August. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. What Causes Verification To Fail On StockX? But if you love hunting for the best price, spending some time and effort might pay off. No votes so far! Unfortunately, fakes are a common occurrence on StockX. But what if they were such good counterfeits that they were completely indistinguishable from the real thing? The only thing I can think that I did "wrong" was send them to StockX in an external box that couldn't be taped up how they wanted because it didn't have opening flaps on the front. (Full Details, Cubed / Crushed, Prices + More! And it will only cost you money and time. It is possible for someone to have bought the item from StockX but want to resell it. Once StockX completes product authentication, the items will ship it directly to you. You sign up for an account and list the sneakers or streetwear you want to sell. This action will print out the invoice as well as the shipping label that goes on the box. Now it's time to place the original shoebox into the shipping box. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. The StockX platform aims to provide a safe place for you to shop and a safe place for sellers to know they will be paid for their authentic goods. If youre a buyer, the StockX program is relatively straightforward. Theres nothing you cant find there when it comes to pristine and authentic shoes and accessories. It is harder to identify a fake streetwear item. 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. Press question mark to learn the rest of the keyboard shortcuts. Cookie Notice He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. This process is similar to a multi-point inspection, and every single product on the StockX platform goes through it. Although there is a section on the StockX website dedicated to B-grades, StockX prohibits the acceptance of factory seconds there. Contact Us Dont even think of trying to sell very dirty sneakers on StockXs marketplace. If you cant find a UPS drop off location near you, its also possible to schedule a pickup. Do I have the right to be scammed by a seller selling me fake sneakers? 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 is suing StockX for allegedly selling counterfeit shoes. Their system is so fucked up theres nothing you or I can do about it. It includes details about shipping and selling via StockX. 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