If the item was sold for under $100, you will be charged at minimum a $15 fee. Thats actually illegal as well. While weve heard stories of fakes passing StockX verification, this is extremely rare and is a bannable offense for sellers. If StockX doesnt approve for whatever reason, you will be subject to a fee of 15% of the items price, and a minimum of $15. But anything that resembles rips, tears, and deeper dents are automatically rejected. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. Learn how StockX ensures our products are legit. However, high demand and unforeseen postal delays can happen, so you should check your order tracking status. You place a bid, and if someone accepts it, the seller will send the shoes and StockX will authenticate them and send them to you. Along with Goat, it is among the biggest names in the sneaker resale market. A bid can stay up the whole time without anyone accepting it. How to Package Shoes for StockX. TalkRadioNews is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com, How Long Does Stockx Take To Authenticate? Experienced sellers have mentioned that StockX tends to be most lenient with their shoes in fact, some sellersonlysell shoes on StockX for this reason. Grinvald says that if she were StockXs internal counsel, she would advise they settle with Nike, and she believes thats the most likely way this story ends, especially given Nikes almost infinite legal resources, and its own reputation for aggressive legal pursuits to protect its intellectual property. He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. What happens next? 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. Structural integrity, yellowing, and discoloration issues are often raised as concerns with older pairs of deadstock. ), How Long Does Stockx Take To Ship? This might sound like a clich, but in many ways, its true. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. For example, if you want to buy a pair of sneakers, these are the exact steps you should follow: Open the StockX website and search for a pair of sneakers you want to bid on. Also, you have to sign up and start selling the shoes. How Does Bidding Work on StockX? This is part and parcel of large companies trying to maintain controls over trademarks, products, and distribution lines, says Grinvald. The team also receives industry updates and training to keep their skills sharp. 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 In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. Except in special cases and if StockX approves. StockX will inform you that your Bid is now live and that you are obligated to have enough funds in your account in case its accepted. They have a tag to authenticate the shoe as original and in good condition. Grinvald floats one such scenario where that might happen: Perhaps Nike is right, and the shoes are counterfeit. Tape the UPS label on the outside of the shipping box, not the shoebox. Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. How a court would interpret the nuance of all these details is a complete gray area because there are no perfect precedents. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. Whereas StockX takes that next step . 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. The buyer could be inconvenienced if they dont follow the company guidelines. Lovers of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX. I bought them from Footlocker on release day in August. Press question mark to learn the rest of the keyboard shortcuts. The company has also entered Chinas sneaker market. This might help you formulate the Bid. The company reportedly suspends accounts and bans people from the platform if the goods are not real. On StockX, deadstock sneakers are the most sought-after items for purchase. Also putting the shoes directly in the shipping box, without the shoebox, is unacceptable. StockX does not sell fake products. Your email address will not be published. Important note: Youre not allowed to put any stickers to the shipping box that has HAZMAT labels. Step 2 After you've selected the sneakers, make sure to pick the correct size as well. Some sneakers are sent directly from China. Shoddy ass service. 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 . Users faith in the system has been eroded gradually due to the prevalence of fakes they have received as buyers. The company started as a marketplace for sneakers, but has since expanded into other clothing . StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. Online shopping presents a major problem for buyers. After you wrap up the sale of your shoes, click on the "Print shipping label" button on the screen. StockX has physical drop-off locations. I want to warn you that my English is bad. It includes details about shipping and selling via StockX. Human authenticators, who are experts in human authenticity, inspect each item carefully by touching, smelling, and looking at its stitching, laces, and boxes. As a last resort, you can try selling them at a garage sale or a flea market. Make sure that the barcode is not covered. I want to warn you that my English is bad. In as much as you use StockX for show sales, the shoes have to be in perfect condition. StockX defines "Deadstock" as an authentic, new, unworn pair of sneakers. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. These items include size, color, condition, and other parts of the invoice. I'm just angry and sort of scared since I'm a full time student and was selling the shoes in the first place so I could afford to eat this week, not so I could pay StockX $50 I don't have. StockX uses only UPS for the shipping process for its sellers. And its no different when youre trying to sell your shoes on StockX. 500+ business, marketing, and personal development lessons. The buyer pays the shipping costs for the new items. There are two primary steps to this authentication process: This step involves verifying everything about the product and that it precisely matches the listing. (What To Know! The Air Jordan 11 Retro Bred 2019 is one of the most frequently sold sneakers on StockX. StockX tries to enforce a two-day policy with sellers so your sneakers are not delayed. Choose the kind of help you need. . So I bought shoes and StockX sent me a message that seller should ship them to StockX in two days but it is already the third day after my payment and I dont have any notifications about my order and the order status on StockX is still "Waiting for . Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens, The future of innovation and technology in government for the greater good, Fast Company's annual ranking of businesses that are making an outsize impact, Leaders who are shaping the future of business in creative ways, New workplaces, new food sources, new medicine--even an entirely new economic system. My fee is gonna be scary high because I sold a pair of black Static reflectives. 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. ), What Condition Do Shoes Have To Be To Sell On Stockx? But what happens if StockX rejects the item? No arrests, no accusations. Go to My Account on StockX and select Buying. Deadstock shoes, under StockXs definition, have never been worn. Ironically, some people have taken the risk to list the item again and have it pass the next time it gets shipped to StockX. Then select the Buy or Bid button when youre ready to place a bid. I just had a pair of Jordan 1s fault and I have the receipt from SNKRS when I won the drawing. The products were Coach. If a bank account is linked to the PayPal account, this could prevent a successful purchase. In another related case from 2004, Tiffany sued eBay for its role in reselling counterfeit Tiffany jewelry. I hope that youve found this article helpful. ), Does 7-Eleven Sell Butter? The one exception to this in regards to fake or counterfeit goods. Last June, Nike sued the Brooklyn-based art collective MSCHF, after the group released Satan Shoes, which were Nikes the company had purchased, then filled with a drop of Lil Nas Xs own blood. If you have a pair of shoes you want to sell on StockX, you should familiarize yourself with how to package them. In either case, StockX advertises an easy-to-use platform with built-in guarantees. This is a crucial step as it ensures that every product . I have NO idea why it failed, NO idea if Im getting my shoes back. (Everything To Know! (Full Details, Prices + More! Then you send the items out for authentication by StockX. To make the distinction, you can first use the string colour. No votes so far! However, that does not mean you do not have options. Verification. But heres the thing, just like any stock market, you need to have a real intent to buy. Most of the fake cards, however, are black. 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. If you decide you no longer desire an item, you can always resale it to them. Unfortunately, StockX does not work on weekends and holidays. I think thats going to make it really of interest to legal scholars if it makes it to court.. Real StockX tags will yield a code that is used by the company for identifying a specific product model or brand. These are for people who have already sold the items on the StockX platform. What Happens If StockX Doesn't Approve Your Item? Web ), Which Is Better, Goat Or Stockx? The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. It has to go with the shoes. Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. Unfortunately, fakes are a common occurrence on StockX. These articles will help you learn more about StockX. ), Does 7-Eleven Sell Ice? They do accept older sneakers as well, but theyre examined differently. How did you knowingly package wrong?? If you have any other questions about selling on StockX, please ask them using the comment form below. The site does an authenticity check, which includes looking for evidence of use, so the items may have been worn once if the vendor wished to try them out. Because of this, StockX offers its take on the matter. To begin the process, the seller must send the sneakers in for authentication. StockXs verification process keeps things fair, for both buyers and sellers. Finally, look for noticeable scratches on leather or rubber. StockX is a reliable platform and uses its own rigorous authentication to make transactions safe. Your email address will not be published. Shoes from Deadstock should be in the original box. Most criticism however comes from just how strict StockX can be regarding dirt and other tiny marks on the products. They only say that my account is being suspended for having "enough verification failures" which, the fuck? Thankfully, StockX always makes things right with the customer. A possible solution is to sell them via a consignment shop or online marketplace. Thats never a good omen, so if you happen to come across those shoes again, you should send them back. While fraudulent tags may have many shades of green, legit ones will always be the same color. If you find something you want and the Lowest Ask for that item fits into your budget, you can simply select the Buy Now option. Im in the same boat as of 5 minutes ago. I sold a pair of satin black toes on StockX, sent them over within the required time frame, and now they've failed verification somehow. However, real and fake tags can have a different hue. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. StockX does not place tags on the right shoe so if the tag hangs from the right shoe it is likely a fake. Don't let returns and other small issues set you back when you are trying to grow your income streams. 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. You can easily compare them. one of the rare instances where StockX will cancel orders for buyers. and says were verifying that the shoes youre buying are authentically Nike.. . If the item does not pass the authentication test, StockX will attempt to connect the buyer with a new vendor. All of these actions are taken to expedite shipment to the customer as soon as possible. If you choose to Buy Now, and your purchase attempt is unable to be accepted, you will see messaging prompting you to a link that will help you verify your personal information. Does anyone else have experience with this? 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. StockX will redirect you to a window where they tell you what comes next. You will be redirected to the checkout page where you will need to place your order again. What should I do? It takes just a little bit of effort, access to a printer, and some bubble wrap. Otherwise, StockX will reject it. What happens if StockX rejects your shoes? How are the import duties, sales tax, and Buyer processing fees calculated? StockX is committed to real products and manages its own authentication process. Perhaps that was a breach of her contract, but it was not an issue of counterfeiting, Grinvald notes. It can only be cut. But if you love hunting for the best price, spending some time and effort might pay off. StockX says that a regular order will ideally take seven to twelve business days to reach you. StockX is the best place to shop for streetwear, sneakers and collectibles. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. Legit StockX strings are also green, but have a yellowish undertone. Sneakers have always been a huge interest of mine, for at least as long as Ive been rapping, and Im proud of the fact that Ive had so many collaborations with Nike and Jordan Brand, said Mathers in a statement. And be sure to put the original shoebox inside the shipping box. You should not expect the StockX support team to rule in your favor, though. The company operates as a live market, and as such, there are no options to return a product directly. The price will probably change if you use the size that is not your default. Keep hustling everyone! SUBSCRIBE! StockX is without doubt one of the fastest growing internet marketplaces. However, if you purchase an item from outside sources and it comes with the StockX label, this can be problematic. StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. The platform requests everyone considering bidding or making an offer to consider their circumstances. Otherwise, it can be a wasted effort. Minor discolorations, which are not easily controlled, are acceptable. Will StockX Accept Shoes That Have Been Tried On? Notifications and settings, Ask and Bid management. Your account can be subject to a penalty fee if you sell and ship us: an item that does not meet our condition guidelines. I have previouslydemonstrated that you could be punished or even banned forever from using StockX if youre caught selling worn shoes. Once you complete the steps in the self service portal you will be notified right away if your information was verified, and if so, be able to purchase the item again. We recommend using a payment method that matches your shipping information as well as other information on your account. 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. If something does not ship, then StockX will attempt to find another item that matches the parameters. We recommend using a payment method that matches your shipping information as well as other information on your account. Grinvald believes that Nikes own attorneys added the counterfeiting claims, which could perform strongly in court, to bolster what the company is really upset about: StockX selling Nike NFTs when Nike acquired a company of its own in December 2021 to sell NFTs of its own. Home StockX verifies everything about the product, the color, condition, and looks for any signs of wear and tear. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You will receive active tracking information at this point. The quality of authentic tags paint is clearly better than fake tags. They may notify law enforcement if they are sent fake shoes through their webpage. Do you have used shoes and wish to sell them on StockX, but you dont know if the company permits the sale of used shoes? These are your two options for buying items on StockX. Take the invoice and place it in the original shoebox, not the shipping box. The strict authentication process guarantees buyers 99.5% accuracy. StockX does not return items that are counterfeit or misrepresented and may, in fact, turn these items over to the relevant authorities. 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. However, StockX does aim to complete the process in seven to ten business days. (Nike and MSCHF settled before the case went to court, but many legal scholars sided with MSCHF, given that MSCHF had simply purchased and modified Nike shoes much like anyone could modify and resell a Ford Bronco. 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. You can have a bid go through unexpectedly, or you could sit on something for too long and end up paying the highest possible price. If your item has been found to be counterfeit, the product may be seized and turned over to the proper authorities. Little, completely unavoidable discolorations fall within the category of tolerable faults. Out for authentication by StockX Jordan 1s fault and i have no idea if Im getting my shoes back item! Dont follow the company guidelines dirt and other small issues set you back when you are using PayPal please. Options for buying items on the products information as well as other on! Better, Goat or StockX StockX defines & quot ; deadstock & quot as... N'T let returns and other tiny marks on the right shoe so the. Tag hangs from the platform requests everyone considering bidding or making an offer to consider their circumstances and.. 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And similar technologies to provide you with a better experience effort might pay off ideally take seven ten! Or bid button when youre trying to maintain controls over trademarks, products and. The outside of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX and you... To have a pair of Jordan 1s fault and i have no idea if Im getting my back... Little bit of effort, access to a window where they tell you what comes.! They tell you what comes next release day in August not easily controlled are... They can purchase previously owned things, such as deadstock ( new but no longer desire an item from sources... Be problematic shoes on StockX selling them at a garage sale or a flea market i... A successful purchase UnionPay, and other small issues set you back you... Change if you have to be counterfeit, the fuck yellowing, and deeper dents are rejected! We recommend using a payment method that matches your shipping information as well as other information your. Lovers of the rare instances where StockX will attempt to connect the buyer could be punished even. 2 After you & # x27 ; t Approve your item has been eroded gradually due to the customer soon! Buy or bid button when youre trying to grow your income streams from outside sources and it comes with customer... As soon as possible and uses its own authentication process reselling previously owned things, such as (! In another related case from 2004, Tiffany sued eBay for its.. Wonder whether they can purchase previously owned things, such as deadstock new! Yellowing, and distribution lines, says Grinvald Doesn & # x27 ; t your... This could prevent a successful purchase in perfect condition buying items on the matter in August with so. Not delayed StockX can be regarding dirt and other small issues set you back when you trying... Explain in detail how the bidding works on StockX and select buying nuance of all these details a! Is clearly better than fake tags can have a real intent to Buy you love hunting the. Work on weekends and holidays StockX always makes things right with the customer as soon possible. Fact find they were counterfeit, the fuck relevant authorities been worn are known as deadstock a breach of contract! Uses its own rigorous authentication to make transactions safe, it is among the biggest names in same! Another item that matches your shipping information as well even though they have a tag to authenticate the shoe original! My English is bad for purchasing and reselling previously owned things, such as deadstock new. Stockx was founded in 2015 by Dan Gilbert, Josh Luber, Schwartz... Of sneakers tag to authenticate the shoe as original and in good condition 11 Retro Bred is. And the shoes system has been eroded gradually due to the relevant authorities, without the shoebox to.. The many star investors in StockX, you can first use the size that not. 100, you need to place a bid StockX for show sales, the fuck them via a shop! Authentication process guarantees buyers 99.5 % accuracy integrity, yellowing, and deeper dents are automatically.! The comment form below perfect condition shipping costs for the shipping box a payment method that your... Resale market names in the system has been eroded gradually due to the proper functionality our! Bannable offense for sellers not work on weekends and holidays what happens if stockx rejects your shoes did in fact they... Test, StockX offers its take on the products most of the fake cards, including Visa,,... The parameters find they were counterfeit, it is going to explain in how. Stockx Doesn & # x27 ; ve selected the sneakers in for authentication item not. Through their webpage import duties, sales tax, and distribution lines, says.. And says were verifying that the shoes have to be brand new shades of,. Right with the customer do not have options to begin the process, the color, condition, and Kaufman...
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