How much is StockX cut?

For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is determined by your Seller Level in accordance with the StockX Seller Program What is the StockX Seller Program?

How much do you actually pay on StockX?

StockX Selling Fees Explained

For every transaction that occurs there is a 3% payment processing fee. StockX also charges a Transaction Fee that depends on your seller level. Everyone starts at Level 1 which has a 9.5% Transaction Fee.

What percentage does goat take?

The amount of the commission fee is 9.5% + seller fee. The commission fee will be deducted from your listing price. Cancellations on orders will lead to a higher commission fee. All sellers begin with a seller rating of 90 and the minimum commission fee of 9.5% + the seller fee.

How do I avoid StockX penalty?

This is very important: do not withdraw. There is a 15 % penalty if you do not send the goods within 2 days, if they are not original, or if they are not used.

Why is StockX so expensive?

In terms of pricing, StockX is based largely on market forces, demand, and availability, whereby some items will be priced at or even significantly below retail, while others will be far above the suggested retail price.

How StockX Built A Billion Dollar Sneaker Resale Empire

Is buying from StockX worth it?

The short answer is yes - it's 100% legit! With over 1,000 employees, six authentication centres, operating in almost 200 countries, StockX is definitely the real deal, so if you're on the hunt for that sneaker grail, a luxury watch, or even a sought-after collectible, it's definitely the first place you should look!

Should you really buy shoes from StockX?

Yes. StockX is a legit place to buy and sell your rare sneakers and streetwear. However, as with any business, any seller, any transaction, there are definitely things that slip through the cracks.

Does StockX send back fakes?

StockX has no obligation to return items that do not conform to the description (including, without limitation, that the item is not new and unworn, is not the correct identified size, or does not include the original box), or are counterfeit (in which case, StockX may turn those items over to the proper authorities) ...

Do you lose money if you lose a bid on StockX?

if you Bid and are not selected as the winner, you will not lose any money.

Do you get your money back if you don t win the bid on StockX?

StockX is a live marketplace and prices fluctuate based on supply and demand in real-time. As such, once a Bid and an Ask are matched, an order is created and we are unable to offer returns, exchanges, or swaps.

Why did goat charge $1?

The $1 USD transaction is a credit security check to ensure the card details are correct and authorized. The charge is refunded after the transaction is complete.

What is a 1 dollar charge goat?

When you update payment or shipping information on your account, you may see a pending transaction of $1 appear on your credit card statement. This is a temporary authorization hold to verify your payment method that will be reversed automatically, typically within 5-7 business days.

Is it easy to sell on StockX?

Selling on StockX: The Easy Process!

The question might seem tricky, but the answer is not! It's simple to sell collectibles like sneakers, handbags, and watches on StockX. As a seller, you must first create an account and then post your listings. A reseller can post items with a fixed price or set them up for bidding.

Why is StockX so cheap?

25% of the items sold on StockX are sold for less than retail price. This often happens when there is too much supply in retail stores and instead of waiting for the inventory to go on sale consumers can find what they are looking for on StockX. 13. StockX makes its money through transactions fees.

Is StockX 100% legit?

The service strives to be reliable, authentic, and transparent. Reliable – great service, every time. Authentic – every item on the StockX exchange is verified.

Will StockX send me a 1099?

When will I receive a copy of the 1099-K? StockX will generally provide you with a copy of the form by January 31 of the following year after your gross sales amount reached the applicable $600 threshold. If you do not reach the threshold of $600 in any year, you will not receive a Form 1099-K from StockX.

How do StockX $1 bids work?

Create a StockX account online or via our mobile app, which is available in the Apple App Store or Google Play Store. Submit a $1 USD Bid for a chance to win. See the Official Rules for information regarding entry for free by mail-in. No purchase is necessary to enter or win.

What is the lowest bid on StockX?

Placing a Bid will allow you to set how much you'd like to pay for an item, from a minimum of $15. If you have the highest bid price for an item on the site, it will be up to a Seller to determine if they are interested in meeting you at your offer.

Does the highest bid win on StockX?

If you are outbid for an item and the new highest Bid meets a Seller's lowest Ask, that Bid wins the item. You are now the highest Bid again, unless another Buyer has placed a bid in between your Bid and the winning Bid, in which case they will become the new highest Bid.

What if I get scammed on StockX?

If you see an unauthorized charge being made through your StockX account, it's our goal to assist you as quickly as possible. We recommend you get in touch with StockX Support to alert us to the charge so we can investigate and identify a resolution.

What happens if StockX denies your shoes?

If StockX is unable to match you with a new Seller as a result of your purchase failing verification, you will be refunded your full purchase price.

How does StockX spot fakes?

The box should also have a holographic sticker with the StockX logo. Examine the sneakers themselves: Look for any discrepancies in the stitching, logo, or overall construction of the sneakers. Authentic sneakers should have even, consistent stitching and high-quality materials.

What does GS mean on StockX?

Please double check for these before placing your Ask/Bid. (W) - Women. (GS) - Grade School. (PS) - Preschool. (TD) - Toddler.

How long does StockX take to deliver?

StockX strives to deliver your item to you within 7-12 business days. Although this may be slightly longer than you are used to, since the StockX marketplace deals with high value and rare products, we want to ensure that the items you purchase on our site meet our internal quality standards.

Can people trust StockX?

StockX is a safe, easy, and trustworthy way to access current culture. Whether it's on Twitter, TikTok, your group chat, or at family Thanksgiving, a number of people have asked the question: Is StockX Legit? Well, we're here to fill in the blanks. The answer is an unequivocal YES.