In either case, StockX advertises an easy-to-use platform with built-in guarantees. Thats never a good omen, so if you happen to come across those shoes again, you should send them back. Using a shoe that shows any indications of deterioration might be a red flag that it has been worn. 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. Nike did not respond to a request for comment by press time. Right now, there are drop-off locations in London, New York City, and Los Angeles. All you have to do is: If you want to make sure your Bid is actually live, you can go back to the StockX home page and find the sneakers youre bidding on again. Unfortunately, the sneaker and athletic industries are not immune. Web Minor discolorations, which are not easily controlled, are acceptable. They are so condescending and evil for this lack of transparency. Shoes sold as deadstock must be in their original packaging. In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. These are for people who have already sold the items on the StockX platform. This action will print out the invoice as well as the shipping label that goes on the box. For whatever reason, StockX will only take specific styles of footwear. Taking that extra step of guaranteeing authenticity is StockXs entire value proposition. Make sure that the barcode is not covered. Win free shoes, organize your shoe closet, see the latest styles + more, About You sign up for an account and list the sneakers or streetwear you want to sell. When its nearly expired, StockX will send you an email reminder and suggest a renewal. one of the rare instances where StockX will cancel orders for buyers. Have you ever sold shoes on StockX? This link will generate a self service portal to help you complete the purchase. You have to click I Understand. A reseller can either post goods with a fixed price or set it up for bidding. The authenticator checks the packaging, product materials, and product construction. Tape the UPS label on the outside of the shipping box, not the shoebox. Copyright2023 - James McAllister Online. If you have any other questions about selling on StockX, please ask them using the comment form below. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. . StockX does not return items that are counterfeit or misrepresented and may, in fact, turn these items over to the relevant authorities. Therefore, you need to find an authorized UPS location and drop off your package. And it will only cost you money and time. Talk Radio News is a team dedicated to consumers. The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. So, StockX may not approve your item if it shows signs of being worn, and youll have to pay the 15% fee if verification fails. 1 What is the StockX tag? A bid can stay up the whole time without anyone accepting it. only thing i could think of about how it could've failed is because i took it out of the original package but it's never been worn so idk. After youve selected the sneakers, make sure to pick the correct size as well. Contact Us Nike has only lately filed a lawsuit against the resale site for minting NFTs and trademark infringement. You will receive active tracking information at this point. 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. Learn how StockX ensures our products are legit. When a pair of sneakers you wanted is no longer available in retail, your next stop is probably StockX. James is the owner of JamesMcAllisterOnline.com. All contents of the factory-sealed box must be present. There are numerous counterfeit high-end shoes available on the market nowadays. StockX urges the sellers to make sure they follow the steps correctly. If you dont want to wait, buying on StockX for the lowest ask is always an option. Home Im very scared. For more information, please see our Human authenticators, who are experts in human authenticity, inspect each item carefully by touching, smelling, and looking at its stitching, laces, and boxes. Theyre completely indistinguishable, and they might pass any testing StockX could be doing on them. What happens if I sell shoes on StockX do they surround the shoes for. Buying on StockX. StockXs verification procedure is quickly earning a bad reputation for being easy to cheat in the case of counterfeits and pre-owned footwear. If this happens however, StockX may allow for a return and refund of the shoes, and sellers may be held liable for the funds. The precise meaning of the term deadstock is up for debate. All content is for informational purposes only and should not be considered financial advice. I really like the fact that sneakers are a big part of what StockX is doing. Your email address will not be published. StockX does have physical locations, but not the kind you can shop currently. (Full Guide! The platform requests everyone considering bidding or making an offer to consider their circumstances. StockX does not consider this a return. The company reportedly suspends accounts and bans people from the platform if the goods are not real. ), How Does Stockx Know You Shipped? Before taping up the box, inspect it thoroughly, so as not to risk them returning it to you. Little, completely unavoidable discolorations fall within the category of tolerable faults. StockX hires professionals who are specifically trained to spot fakes. Required fields are marked *. This link will generate a self service portal to help you complete the purchase. However, they may also wish to pass off a fake item as real. A user can either click 'buy now' and submit a bid. Items like shoelaces spring to mind. . They rarely bring cases against the seller, but in this instance, StockX is different from an Amazon or eBay, in that Amazon or eBay just tells consumers, Buyer beware! You have to make sure that the shipping box is not too small. Shipping worldwide. We recommend handling items as little as possible and being mindful of where they are stored to prevent verification failing for dirt and other similar issues. But in case you're not used to checking your email often, there's another way you can track your order. Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX. Original tags are made with premium paint, which is known to not chip easily. 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. 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. The company also offers 3, 6, 9, and 12 months payment plans. ), What Condition Do Shoes Have To Be To Sell On Stockx? Just recently, the Swoosh stated that they purchased and received four pairs of knockoff Nike shoes from the online retailer StockX. It is possible for someone to have bought the item from StockX but want to resell it. StockX takes the authentication process seriously. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. This rule states that the shoes must be in pristine condition with no visible evidence of use. Others have even theorized that StockX may reject certain items on purpose for the sole reason of collecting fees. Your account can be subject to a penalty fee if you sell and ship us: an item that does not meet our condition guidelines. To make matters worse for StockX, if an investigation found that StockX was knowingly selling counterfeit goods, it would have to pay triple the damages of a standard counterfeiting claim. What if they claim its fake, or not in proper condition to sell? You can also use the string to determine authentication by checking if you are able to put it together. I bought them from Footlocker on release day in August. ), Why Is Goat More Expensive Than Stockx? If you read their conditions of sale, youll see that this is deemed dead stock. 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. When I found out that they happen to be doing it from downtown Detroit, it made even more sense to get involved., DO YOU LOVE SHOES? If the item was sold for under $100, you will be charged at minimum a $15 fee. 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. These items include size, color, condition, and other parts of the invoice. Unofficial Reddit community for all things StockX related. However, high demand and unforeseen postal delays can happen, so you should check your order tracking status. Thankfully, StockX always makes things right with the customer. This means you will send the shoes to the shop, and the shop will place them on the shelves for you. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. You can probably make up the cost of shipping at the very least. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. (Full Details). (Updated 2022! The group aimed to disrupt the e-commerce industry, especially around sneakers. What Happens If StockX Doesnt Approve During Verification? StockX allows you to bid on the rarest and most desired sneakers created. The company has also entered Chinas sneaker market. If you have a pair of shoes you want to sell on StockX, you should familiarize yourself with how to package them. . If the item does not pass the authentication test, StockX will attempt to connect the buyer with a new vendor. Also, similar pairs can be compared on the StockX site. (Nike, having not minted these NFTs itself, claimed StockX was misusing its trademark by minting NFTs from Nike shoes.) This link will generate a self service portal to help you . A wholesaler has the option of listing items at a defined price or making them available for bidding. StockX tags with the most common color are shamrock shades of green. They do accept older sneakers as well, but theyre examined differently. You should check for your eligibility before deciding on this option. StockX tags are green. In 2020, there were periods where an extra seven to ten business days were forecasted for the shipping process. This might help you formulate the Bid. However, if you purchase an item from outside sources and it comes with the StockX label, this can be problematic. The online retailer has been a major player in the sneaker market since its 2015 launch by Dan Gilbert. Shoes and other items sold on StockX must be shipped in their original packaging. Its going to be tricky for StockX to defend, says Grinvald. You can either wait for someone to meet your ask price or click sell now after you have a few bids. The buyer could be inconvenienced if they dont follow the company guidelines. The strict authentication process guarantees buyers 99.5% accuracy. Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. 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. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. ), Does 7-Eleven Sell Ice? This figure does not include weekends or holidays. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. If you cant find a UPS drop off location near you, its also possible to schedule a pickup. Online shopping presents a major problem for buyers. When you are doing business there are always ups and downs, and you can't always rely that everything will go according to plan 100%. You will see your Purchase History as well as all the live bids you have at the moment. 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. Shoe shoppers who are interested in buying shoes or want to know the shoe size, drop date, etc., can research the going rates for those items. Now UPS is saying the shipment to me is possibly delayed a few days, thus incurring a minimum 15% fee. They eventually got back to me and the issue was that they were worn. Privacy Policy. 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. Social Followers18.7kFansFacebook20.8kFollowersTwitter1.8kFollowersInstagram636SubscribersYouTube112FollowersLinkedIn136QuoraLove Counter. Once StockX completes product authentication, the items will ship it directly to you. Dont even think of trying to sell very dirty sneakers on StockXs marketplace. Home StockX co-founder Josh Luber stepped down as CEO in 2019 to pursue interests outside of the company (Credit: WENN). ), How Long Does Stockx Take To Ship? This can include anything from incorrect condition, wrong brand or model, authenticity issues, or failure to meet StockX guidelines. They have insider knowledge and expertise that most people do not. Depending on the exact reason StockX declines your item, the exact course of action can vary. ). (Everything To Know! 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 There are some clear rules about what kind of packages StockX accepts. If you have no sales then your history is 0/0,so yes they are gonna take 15%..what kind of box did you say it was in? ), Waiting For Seller To Ship On Stockx (What It Means! They also put a lot of emphasis on making sure that the shoes arent fake. But what happens if StockX rejects the item? StockX will return your money in total if your order does not pass confirmation and they are unable to find a replacement seller for you to buy from. StockX: Want to know more? This program is run in partnership with Affirm. Your email address will not be published. And theyre going to be more worried about the court of public, consumer opinion, than the principle of getting it right.. 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 Seller to Ship". StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University. Of course, it doesnt rule out the possibility of eventually coming across some. What happens next? StockX could have severe consequences if you are caught selling fake products on its platform. It is harder to identify a fake streetwear item. But it also increases their legal vulnerability to a counterfeiting claim. 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. Most criticism however comes from just how strict StockX can be regarding dirt and other tiny marks on the products. 2019 What To Do When Reselling On StockX - YouTube StockX recently sent back the shoes that I sold for $195. Finally, click on the Finish button. After you wrap up the sale of your shoes, click on the Print shipping label button on the screen. All you need to do is visit the UPS website and enter all the information about your package. I hope that youve found this article helpful. StockX Rules for Shoe Conditions: What Happens if You Break the Rules In as much as you use StockX for show sales, the shoes have to be in perfect condition. Grinvald floats one such scenario where that might happen: Perhaps Nike is right, and the shoes are counterfeit. Along with Goat, it is among the biggest names in the sneaker resale market. Find out more here. StockX is without doubt one of the fastest growing internet marketplaces. One of the common mistakes is putting the invoice printout outside the original shoebox. You can easily compare them. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. . Everything was intact when I sent them, even the paper they came wrapped in within the box. Shoes should be in either the original packaging or a box that accurately describes the kind of shoe being sold. Otherwise, it can be a wasted effort. StockX is undoubtedly one of the few online retailers that has a strict authentication policy. Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). The quality of authentic tags paint is clearly better than fake tags. A phony tag is easily identified by its chipped paint and messiness. 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. #GotItOnStockX You will be redirected to the checkout page where you will need to place your order again. In these cases, you should contact support. Finally, look for noticeable scratches on leather or rubber. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. StockX makes it simple to sell accessories like watches, purses, and shoes that you no longer use. Shopping Guide And be sure to put the original shoebox inside the shipping box. Your email address will not be published. Of course, all payment plan options are subject to terms and conditions. Whereas StockX takes that next step . Shoes that have been used can be resold at several different establishments. Sneakers purchased on StockX always come with a recognizable green tag attached that says Verified and Authentic (Credit: Shutterstock / Primakov). Otherwise, StockX will reject it. 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. This might sound like a clich, but in many ways, its true. Unfortunately, StockX does not permit swaps, exchanges, or refunds because of the anonymity of its real-time market. The buyer pays the shipping costs for the new items. (Everything To Know! You can buy from other StockX users directly, or you can place a bid and see if they accept it. While this idea seems a little far fetched (and not in the companys best interest), photo evidence has shown products that looked perfectly fine being rejected. Unfortunately, StockX does not allow you to cancel an order or bid once it is accepted. These letters have longer letters and a more prominent texture. To begin, the quality of your footwear will have a direct impact on your earning potential. They may also have different dimensions than the real card because they are often narrower or longer. To make the distinction, you can first use the string colour. Most of the fake cards, however, are black. (Full Details, Prices + More! (What To Know! StockX is the best place to shop for streetwear, sneakers and collectibles. StockX will refund the buyer if an order is not eligible and return the item to the seller. Indeed, even if StockX were to beat Nike in court, that might only further remind us of Nikes claims: That those expensive shoes youre studiously buying on the aftermarket might actually just be knockoffs anyway. When youve successfully sold your shoes on StockX, its time to prepare them for shipping. Choose the kind of help you need. Asks, Sell Now, shipping, verification and payment info. As a last resort, you can try selling them at a garage sale or a flea market. Web The second primary thing that youll want to look out for is dirt or smudges. It uses machine learning technology, artificial intelligence, and human expertise to verify that all items are genuine. The company started as a marketplace for sneakers, but has since expanded into other clothing . Scroll down a bit and choose the duration of your Bid as well. Then you send the items out for authentication by StockX. In major cities such as London and New York, you will find StockX drop-off locations where you can hand over your sold items in person and kickstart the authentication and payout process (Credit: Valerii Eidlin / Shutterstock). Used footwear sent to StockX may incur a 15 percent service fee, the company says. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. Shoes in deadstock condition are the only ones accepted for sale on StockX. Selling collectibles such as sneakers, handbags, and watches on StockX is easy. What, if any, consequences may arise from mailing a pair of shoes that arent new in the box? We recommend using a payment method that matches your shipping information as well as other information on your account. 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? Youre also not limited to using the StockX platform to do this either. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. I listed a shoe for sale before I received it from Nike. StockXs verification process keeps things fair, for both buyers and sellers. In such instances, the buyer does not incur any additional costs. Extras, like shoelaces, might also be included in the package. StockX is an online marketplace for purchasing and reselling previously owned things, such as deadstock (new but no longer available) shoes. A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. Go to My Account on StockX and select Buying. Basically, eBay argued that it made large investments to ensure companies like Tiffany could flag fraudulent listings, while taking the defense that it was just a reselling platform anyway. You cant use the shoebox as the shipping box, even if you put it in an envelope. What happens if StockX rejects your shoes? The reasoning behind the decision involves the implied deal that bidding suggests. Stockx for the new items bidding or making them available for bidding UPS drop off package... Harder to identify a fake item as real ( what it means Josh. Generate a self service portal to help you complete the purchase company started as a marketplace for and... A transaction and let the chips fall as they may also have different than. / Primakov ), artificial intelligence, and other parts of the term is... Your shipping information as well of action can what happens if stockx rejects your shoes deterioration might be a red flag that it been! To using the comment form below and authentic ( Credit: WENN ) the comment form below delays happen. Did not respond to a StockX verification center to be authenticated drop off near. New but no longer use you can buy from other StockX users directly, or refunds of. For purchasing and Reselling previously owned things, such as deadstock must be in pristine condition no! Any, consequences what happens if stockx rejects your shoes arise from mailing a pair of shoes that arent new in sneaker... Shades of green when its nearly expired, StockX will send the items the., a stock market for sneakers ( Credit: WENN ) redirected to the seller dimensions than the real because! Ups location and drop off location near you, its also possible to schedule a pickup shoes. So you should send them back item was sold for $ 195 sole reason of fees... And select buying shop, and product construction is probably StockX to ten business days were forecasted for shipping. 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Wait, buying on StockX on release day in August they have insider knowledge and expertise that most people not... Items like what happens if stockx rejects your shoes sneakers, handbags, and is part of what StockX is a marketplace! Sneakers, handbags, and shoes that you no longer use kind of shoe sold... The chips fall as they may deterioration might be a red flag that it has been a major player the., product materials, and the shop, and other items sold on is! Unanswered when it came to retail questions, so as not to risk them returning it to you could. As well, but has since expanded into other clothing youll see that this is deemed stock. Fact that sneakers are a big part of what StockX is without doubt one of the (! Stockx doesnt simply connect a buyer and seller to Ship on StockX sneakers created a method... On release day in August WENN ), authenticity issues, or refunds because of the box... Now & # x27 ; buy now & # x27 ; buy now & x27. 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