StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. Of course there would also be the operation cost of investigating the case themselves. Most of my sales are on ebay and luxury (like saint laurent) and hype (supreme) does best there. A bustling thoroughfare of designer goods. If there is a way to save time and money, the chances are good that DoNotPay has a product that can handle things for you. Links to our international fees pages: Australia - opens in new window or tab | United Kingdom - opens in new window or tab | Canada - opens in new window or tab | Germany - opens in new window or tab | Spain - opens in new window or tab | France - opens in new window or tab | Italy - opens in new window or tab | Ireland - opens in new window or tab | Belgium (Dutch) - opens in new window or tab | Belgium (French) - opens in new window or tab | Austria - opens in new window or tab | Switzerland - opens in new window or tab | Netherlands - opens in new window or tab | Poland - opens in new window or tab | Greater China region - opens in new window or tab | All other countries - opens in new window or tab. After the center verifies the item, your funds are released and are available as Credits. In order to cash out, an additional 2.9 percent fee is applied, meaning in order for you funds to hit you bank or PayPal account theres a minimum 12.4 percent fee plus an additional $5 minimum charge. Date founded. I was so confused by this topic I called E-bay and the partner fees are for Sales Tax added to the price a buyer pays for instance I sold an item on E-bay for $12.00. Please note that for international payments processed through PayPal, the payment processing fee may vary based on the location of the buyer's PayPal billing address. Create an account to follow your favorite communities and start taking part in conversations. If you want to sell on Grailed, there is a 9% seller's fee. Curious where everyone sells and what, I'm looking to get into other platforms. When Vestiaire Collectives new CEO Max Bittner came on board in November last year, one of the first things he did to grow the seller audience was, Competing on selling fees is also important since eBay does not compete with other resellers on authentication. How it works: Sellers are responsible for all listing details, including descriptions and photographs. We want to hear it. eBay's 2022 Seller Price Increases and Fees - OneShop A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. the more you sell, the less you pay. How it works: StockX works as a live marketplace where buyers place a Bid to dictate the maximum amount theyre willing to pay for a product, and sellers list items with an auction-style Ask price or a flat-rate Sell Now price. The site claims the increase was to improve the marketplace experience for all users. E-bay will pull their fees when they invoice me at the end of the month. Does Grailed charge a payment processing fee? - Grailed Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Those below pay on a sliding scale, with the highest fees reaching 20 percent. Cookie Notice Consensus: While convenient from a buyers perspective, like other consigners the steep 20 percent fee structure and lack of seller tools make Stadium Goods less than ideal. Send us a tip using our anonymous form. The delivery address for the item (entered by the buyer during checkout) is outside the US, The buyer's registered address is outside the US (regardless of the delivery address for the item), If you use supplemental services, such as buying and printing, Sellers may be invoiced for fees under certain circumstances, The fees on this page apply to listings on eBay.com. Cons eBay is an online marketplace where users buy and sell products. The Best Alternatives for Depop (2022) - SellerAider Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. Whatever percentage you'd agreed to when deciding to promote your listing. They do not make it clear what percentage of items are reviewed by humans, or how they determine which items to tag Digitally Authenticated, but they do claim every item is reviewed. It feels like i am going in a circle. 2 4 4 comments Best Add a Comment For other items that sell, theres a final value fee of two to 12.85 percent depending on the products category. 2023 Digiday Media. I hope this helps and thank you again for joining the Community! By looking at our internal data, we believed this to be the optimal number to entice more sellers, knowing they will be able to sell at a faster rate while continuing to make a profit, and also offer buyers the pieces they desire at an attractive price, Bittner said, noting that sales of lower-priced items nearly tripled after the change was enacted. Sneaker resellers have more options than ever and between consignment shops and marketplaces, there are countless ways to flip sneakers. We have come across some oddities which are cause for concern. The platform uses PayPal to process payments, so you will have to pay a PayPal seller's feeas well. What is Grailed's commission fee used for? Thats right, Grailed. Ebay also still has a much bigger user base. So it is still worth using Grailed? Pay, shop, and do even more on the PayPal app. Fee amounts are based on the terms in effect when the listing goes live and when it renews. How to Get Your Grailed Fees Waived Effortlessly. The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. The seller has subsequently added some real photos, but the listing was posted and remained authenticated for two weeks while it only had the stock photos. Here is an overview of fees, credits, and invoices on eBay. StockX fees operate on a sliding scale but range from 9.5 percent to 8 percent plus credit card fees depending on the users seller leveli.e. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. Do you know who does not physically authenticate ANY items? Click Here To Try! The difference here compared to the Grailed method of breaking down the fees is that Paypal rolls the sales tax that the buyer pays here into your total amount, making it look like you actually sold . You're selling a trading card for $9,500 with free shipping. All rights reserved. Check out our top picks below. Thats why its important to choose the right resale website for selling your clothes and accessories online. Youll get paid through PayPal and use the payment platform to print a shipping label. Is the Grailed Authentication process good? If your registered address is not in the US, please refer to the fee page for your country or region of residence for your seller currency conversion charge information. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. Tip If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. The fee was raised from 6% in August. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. Here's why you should sell on Grailed: Pros of selling on Grailed rather than Depop Sell luxury/designer items: While you can sell luxury items on depop, Grailed has a more curated/niche audience looking for hyped clothing pieces. If you are unsuccessful in waiving the Grailed fee, there is a product to fight chargeback and a product that could assist you with returns as well. For anyone who has sold clothes through a reseller, selling fees are a natural part of the process, with platforms taking a percentage of a sale, a flat fee or a tiered fee based on a sellers frequency of selling. Click Here To Try It NowClick Here For Tutorial. Grailed puts your grail within reach. The platform announced the change less than 24 hours before it was implemented. Set a minimum price that must be met for your item to sell, $5.00 or 7.5% of reserve price, whichever is greater (maximum fee $250) Gallery Plus Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. For buyers it is straightforward, however for sellers the high commission can eat away at profits. grailed is easier to use for the most part and fees are either on par or lower. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. Listing items is not for the faint of heart. Once you factor in PayPal fees, Grailed becomes a problem. According to eBay, I was also charge the final value fees as well I feel like BH Im being charged twice. Free for listings in the Art, Antiques, Collectibles, and Pottery & Glass categories, An insertion fee is always charged for the second category, and fees for any optional listing upgrades apply again. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. After your request is reviewed and approved, you can ship your item directly to Stadium Goods or drop it off at the companys Market Centers in Chicago and New York for inspection and verification. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. This can happen on any platform, of course, but Grailed is the only one with the lack of integrity to claim an item has been authenticated without ever actually seeing it. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. PayPal collected their fee .80 and pulled the $1.16 to pay the sales tax. Stockx vs eBay: How to Sell Your Clothing and Sneakers Online - Rolling These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. Copyright 1995-2023 eBay Inc. All Rights Reserved. If you run out of free listings, a $0.30 insertion fee is charged when you list an item. GOAT is significantly more complex for sellers than other platforms. Click Here To Try! Maybe. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions.