StockX only allows brand new merchandise, meaning anyone with once-worn or slightly used sneakers is out of luck. The higher of the two final value fees is charged, if your item sells, Reserve price It feels like i am going in a circle. Newly Improved Ebay & Etsy Import System. For listing high-quality goods that are coveted. Unfortunately not all sellers are as reliable as others, and it can be difficult to communicate with a seller once you have purchased a listing. On eBay, top sneaker stores like Stadium Goods are always open to a global audience across every time zone, so you can check out their eBay store to browse and buy the latest must-haves.. Lets start with the obvious, that 9% fee. For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. All Rights Reserved. The majority of products on our marketplace trade for more than their retail price, and the size of their price premium that is, the difference between resale and retail price tends to be a good measure of demand. StockX will catch most fake items, while Ebay will not, but nor will they ever claim to be able to verify an item as authentic. Those below pay on a sliding scale, with the highest fees reaching 20 percent. 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. When you set your price for an item, it should account for shipping and a 9% commission for Grailed. As competition between all those players heats up, removing selling fees entirely is one way the company is looking to get back on top and stimulate its own internal sneaker economy. In an effort to compete with other sneakerhead-beloved resale platforms, the online auction giant also unveiled an authentication partnership with SneakerCon to verify popular items listed at $100 and up. For listing mainstream brands that are well-known. You are meeting our performance expectations. Lastly, our offer system allows you to directly negotiate with a seller to work towards an ideal price. What separates eBay from other sellers is our strong partnerships with other brands. While Amazon charges nearly 15% and eBay isn't far behind at 13% Grailed charges close to 10%. Currently, eBay accounts pay for any final value fee between 3.5% to 12.55%, with the addition of $0.30 per order across most categories. I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. With the ability to buy both new and used sneakers, Grailed has the best prices anywhere. This article will discuss how you may be able to fight or waive fees when selling on the Grailed marketplace and anywhere else you do business. How can i find who is taking this money out of my account. The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. 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. If you run out of free listings, a $0.30 insertion fee is charged when you list an item. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. For buyers, there are no fees for using the platform. Cons Our commission fee ensures that we can maintain a curated marketplace as well as develop new tools and features for both buying and selling on Grailed. Commission and selling fees : For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. Getting paid:Payments through direct deposit or PayPal are subject to a 2.9 percent cash out fee. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. There is even a petition on Change.org to reduce the fee to 7.5%. After you've used your zero insertion fee allowance, insertion fees are: Good 'Til Cancelled listings are fixed price listings that renew automatically once per calendar month. Pros Appreciate the responses. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci. If there is a good reason for the request, you may be able to get a refund. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. Payments are deposited directly into your bank account. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. If you compare them, you are sure to find one that has a more agreeable seller's fee. "by the website an item is sold from".. for me, this is ebay. Grailed's 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. Another (Celine) Portrait: See Bob Dylan in Fashion Brand's Latest 'Performer' Series. eBay offers competitive selling fees. For comparison, StockX brought in about, EBay isnt alone in lowering selling fees as a way to bring in more customers, though it is among the only ones to completely forego selling fees for one category. At StockX, we only accept deadstock products meaning all sneakers, apparel, accessories, collectibles, and electronics must be authentic, new, and unworn., As a general rule, the resale values of coveted deadstock items that trade on StockX tend to appreciate over time, Cutler continues. Thankfully, a few websites cater to both buyers and sellers simultaneously, creating mutually beneficial ecosystems where buyers and sellers happily co-existin some cases, they are in fact one and the same. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. But like the others, those interested in buying and selling may find the platform limiting. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. Pay, shop, and do even more on the PayPal app. We charge an insertion fee and applicable optional listing upgrade fees when you list your item for the first time, and each time it renews. I need some help please. Upgrades you have selected for your listing. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program Tip There are a number of options to purchase, including a buy now feature or an ask, a binding contract akin to Grailed's "offer" system. I've been using Grailed since 2015 but the latest item I've sold, the fees came out to over 25% wtf. Related Stories If this post or any other was helpful, please enrich the community by giving kudos or accepting it as a solution. 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. If you are hoping to fight or waive fees on Grailed, you may want to sign the petition. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. Sellers who have a lot of brand new inventory are in luck, however anyone with lightly used goods cannot sell at all, and the additional transaction fees mean that checkout price is often considerably higher than advertised. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. The platforms massive database of products make it convenient for sellers to easily list their goods without adding item specifics (such as fabrics and materials, weight, etc.). You're selling a trading card for $9,500 with free shipping. With their new Managed Payments format, that number will now be 12.35% + 30 cents. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. Tax and shipping are tacked on after a purchase, and the store ships to most countries, though at a cost. Grailed claims to offer their own protection which I have yet to hear any testimonials about, just constant copy pasta from Grailed staff. This means that a seller could easily use photos of a legit item but ship you a fake. If you offer 1-day or international shipping as well as a cheaper or free option (like domestic shipping), the total amount of the sale is calculated based on the cheapest domestic option you offer. For vehicles, see our Motors fees. There are no fees for shopping or buying on Grailed. Fees correlate directly with your seller score, with the lowest possible fees (9.5 percent) awarded to sellers with a score of 90 or above. eBay has 3 types of fees: Final Value Fee, Insertion Fee and Listing Upgrade Fee. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. The $0.30 per order is not charged. Thats right, Grailed. So how does this 9% fee stack up? How it works: Sellers list sneakers that they want to sell via consignment through Stadium Goods Seller Portal. Free for many users to make an account, Grailed offers low fees for sellers. 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. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. Fees: Grailed takes 6 percent as a commission. First, potential sellers must apply in order to list items on the website. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. 20% difference. 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Pros TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. Sit back and relax while we do the work. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. It's absolutely terrible for the seller. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. In 2019, 6 million pairs of sneakers were sold through eBay, and $10 million worth of sneakers were sold on eBay in 2018, up from $2 million the year before. Good for selling: New, unused good condition sneakers, Popular brands:Adidas, Jordan, Nike, Yeezy. If you run out of free listings, a $0.30 . For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Thats why its important to choose the right resale website for selling your clothes and accessories online. The bran will store your shoes and sell them on your behalf on its website, retail stores, or other sales channels. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your International fee information. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of the companys total revenue. From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? We have helped over 300,000 people with their problems. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. 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 . Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. For listing highly anticipated new releases. The platform announced the change less than 24 hours before it was implemented. Grailed mostly only sell luxury. Getting paid: Youll be notified via email if your item sells, and you can then request a direct deposit payment (which takes three to five business days to process) to your bank account. This is a huge advantage for Ebay over Grailed. Sneakers are a key area for growth for eBay. 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. As such, it is important that collectors and sellers maintain products in deadstock condition so that theyre able to realize these long-term value gains., If youre reselling hypebeast-beloved streetwear and athletic brands such as Supreme, Jordan, and Yeezy as well as in-demand collaborations with musicians like Travis Scott and Justin Bieber, Cutler says that inventory will typically see high demand and will appreciate over time. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. I sold an item on eBay. I says to find it in orders/ebay and it's not there, not hing i can find and any questions regarding this Partner fee directs me to this answer. Similar to Flight Club, Stadium Goods is a consigner that has a significant online presence. Enter the total amount charged for shipping to buyer. But heres the kicker; Ebay offers discounted shipping labels. When a task is too time-consuming or confusing, the chances are that DoNotPay has a product for that. For more information, please see our Those below pay on a sliding scale, with the highest fees reaching 20 percent. If you have already completed the transaction, you can contact customer service and request the fee be refunded. These platforms have invested heavily in expanding their internal authentication teams, citing consumer trust as a valuable asset to cultivate. For men's athletic shoes, there's no final value fee if the pair sells. With a big marketing push, StockX has established itself as setting the market rate for many of the most hyped sneakers. * Starting price is the starting price (auction-style listings) or Buy It Now price (fixed price listings) of your listing, and doesn't include shipping, handling, taxes, or fees. All rights reserved. I hope this helps and thank you for joining the Community! We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. After you drop off your sneakers, Flight Club handles the rest as you sit back and get paid. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. Grailed is a popular marketplace that is known for menswear! Create an account to follow your favorite communities and start taking part in conversations. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. Sneakers are a key area for growth for eBay. Fees are different for Store subscribers and for selling vehicles. no need to bend over backwards when you loose out on your item and money. And what are the best ways to make sure you get the most money back from your unworn wares? 2013. Date founded. Now available on Google Chrome Web Store. Copyright 1995-2023 eBay Inc. All Rights Reserved. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Depending on your method of shipping, USPS labels will usually cost you about 15-40% less than what youll be paying if you purchase a label through Paypal. Partner fees are seller fees assessed by the website an item is sold from and are not part of the fees for using our services to receive money. Flight Club only deals in new sneakers. In an attempt to explain the increase, Grailed stated that they have been spending a lot of money on authenticating items, and that they will be investing further in improving the site for sellers. To attract the attention of more buyers, you add the Bold listing upgrade. Read more about, 13.25% on total amount of the sale up to $7,500 calculated per item, 2.35% on the portion of the sale over $7,500, 14.95% on total amount of the sale up to $7,500 calculated per item, 13.25% if total amount of the sale is $7,500 or less, calculated per item, 7% if total amount of the sale is over $7,500, calculated per item, 15% if total amount of the sale is $2,000 or less, calculated per item, 9% if total amount of the sale is over $2,000, calculated per item, 15% if total amount of the sale is $5,000 or less, calculated per item, 9% if total amount of the sale is over $5,000, calculated per item, 15% on total amount of the sale up to $1,000 calculated per item, 6.5% on the portion of the sale over $1,000 up to $7,500 calculated per item, 3% on the portion of the sale over $7,500, 3% on total amount of the sale up to $15,000 calculated per item, 0.5% on the portion of the sale over $15,000, 6.35% on total amount of the sale up to $7,500 calculated per item, 8% if total amount of the sale is $150 or more. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. Also, as a true marketplace, sneakers are often mislabeled, however our product team is rolling out a slew of new features including auto-fill sell forms and product pages to minimize the issue. GOAT is an online only sneaker site that sells both new and lightly used sneakers. Deduction on ebay fee for having an Ebay store(Basic, Premium, and Anchor Stores all charge the same rate). We hate to say it, but if youre looking to buy or sell rare or vintage sneakers, theres no better place than Grailed. In 2019, 6 million pairs of sneakers were sold through eBay, and $10 million worth of sneakers were sold on eBay in 2018, up from $2 million the year before.