Selling collectibles such as sneakers, handbags, and watches on StockX is easy. Eminem is one of the many star investors in StockX, a stock market for sneakers (Credit: WENN). published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. No arrests, no accusations. Dont even think of trying to sell very dirty sneakers on StockXs marketplace. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. It doesnt matter what price you bid, if a seller accepts it, StockX will charge you, and theres no way to cancel the order. Shipping worldwide. A private community forum / support group. Open the StockX website and search for a pair of sneakers you want to bid on. StockX will accept the shoes even if the box is slightly dented but will not accept them if there are rips or other major evidence of damage. StockX does not sell fake products. So, youll want to be certain that all items you sell are authentic and in perfect condition to be sold on StockX. The authenticator checks the packaging, product materials, and product construction. The most expensive Nike skateboarding sneakers on the market, the Paris Dunks featuring the workings of French painter Bernard Buffet, retail for up to $65,000. Tape the UPS label on the outside of the shipping box, not the shoebox. Celebrities The closest case was filed in 2011, when Coach sued former employee Gina Kim who, the company claimed, was selling counterfeited Coach bags on eBay. What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. Structural integrity, yellowing, and discoloration issues are often raised as concerns with older pairs of deadstock. And show you what the shipping process looks like as well. Then select the Buy or Bid button when youre ready to place a bid. Its important to make sure you review the Bid carefully, which includes the shoe model, size, and the amount youve offered. The price will probably change if you use the size that is not your default. A reseller can either post goods with a fixed price or set it up for bidding. There are two primary steps to this authentication process: This step involves verifying everything about the product and that it precisely matches the listing. StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. If you keep sending them fakes they will suspend your account. Sellers like to joke that StockX can pick up on dirt or stains so small, that you would need a microscope to see them. StockX is committed to real products and manages its own authentication process. If you dont take care of how you pack them, then its less likely that the shoes will arrive in great condition. Right now, there are drop-off locations in London, New York City, and Los Angeles. Except in special cases and if StockX approves. The next thing to do is to test for heel drag. Whether you were wondering if StockX personally offers used footwear, I will have to tell you that they do not. But what happens if StockX rejects the item? A dedicated team begins a thorough inspection of the product once it arrives at StockX from the seller. You will receive active tracking information at this point. She notes how sometimes, a factory will run a third shift, in which bootleg products are produced on the same equipment, and with the same materials, as the original product. Their system is so fucked up theres nothing you or I can do about it. (Updated 2022! StockX calls new, original shoes that have never been worn deadstock. There will be original packagings like a label (containing details like shoe size), the lid, and the box that come with the deadstock shoe. But its a phrase that means different things to different people. #GotItOnStockX Your chances go down dramatically if youve worn them outside, removed any extra tags from the shoes, or caused any noticeable damage to the shoes or the box. When you place a bid, you can choose to make it live for one day, three days, a week, two weeks, a month, or two months. We are not affiliated with or endorsed by any company unless otherwise noted, nor do we speak in any official capacity on behalf of any third-party. Continue reading to learn more about StockXs authentication process. Nike did not respond to a request for comment by press time. It includes details about shipping and selling via StockX. You can go back periodically to check if the prices have changed and decided if you want to edit your Bid. 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. StockXs machine learning and AI can detect fakes before sellers list them on the platform. Not only are late deliveries and poor packing punished, but also delivery delays. 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. *If you submitted your e-mail address and placed an order, we may . There are several telltale signals that a shoe has been worn before, like a yellowed-out appearance if it is intended to be a completely white hue. 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. Every single pair of shoes offered for sale on StockX is guaranteed to be authentic and unworn. Some acceptable flaws are minor discolorations that are entirely uncontrollable. I listed a shoe for sale before I received it from Nike. Shoddy ass service. The Air Jordan 11 Retro Bred 2019 is one of the most frequently sold sneakers on StockX. Keep hustling everyone! SUBSCRIBE! 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. Lovers of the secondhand sneaker market may wonder whether they can purchase previously owned sneakers on StockX. Thats actually illegal as well. Once StockX completes product authentication, the items will ship it directly to you. Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. Find out more here. Am I even going to get my shoes back? The company also offers 3, 6, 9, and 12 months payment plans. They werent, but whatever. Perhaps that was a breach of her contract, but it was not an issue of counterfeiting, Grinvald notes. This is a crucial step as it ensures that every product . You will see your Purchase History as well as all the live bids you have at the moment. Apart from making sure that you choose a shipping box thats the right size and add bubble wrap inside, there are a few things to watch out for. 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. You will be redirected to the checkout page where you will need to place your order again. they are still, technically, unauthorized Nikes. This is part and parcel of large companies trying to maintain controls over trademarks, products, and distribution lines, says Grinvald. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. And yet . The first one (as already mentioned) is counterfeit goods. Unfortunately, StockX does not work on weekends and holidays. However, that does not mean you do not have options. Will StockX Accept Shoes That Have Been Tried On? To oversimplify: Even if StockX could win the argument that its NFTs dont break trademark, if any of those NFTs are based upon counterfeited Nikes, then the NFTs might be deemed counterfeits, too. Verification. Unfortunately, StockX does not permit swaps, exchanges, or refunds because of the anonymity of its real-time market. The strict authentication process guarantees buyers 99.5% accuracy. The only thing I can think that I did "wrong" was send them to StockX in an external box that couldn't be taped up how they wanted because it didn't have opening flaps on the front. Ask for refund or wait. 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). You should have no trouble selling your old shoes if you keep these suggestions in mind. Continue reading to learn more about shoes that fail to pass the StockX authentication test. I want to warn you that my English is bad. Notifications and settings, Ask and Bid management. The reasoning behind the decision involves the implied deal that bidding suggests. Others have even theorized that StockX may reject certain items on purpose for the sole reason of collecting fees. 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%. Because of this, StockX offers its take on the matter. 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. Shoes sold as deadstock must be in their original packaging. A wholesaler has the option of listing items at a defined price or making them available for bidding. The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. You sign up for an account and link a payment method. Used footwear sent to StockX may incur a 15 percent service fee, the company says. ), Which Is Better, Goat Or Stockx? What happens next? 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. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. StockX gives you two business days to take the package to the UPS, but you have to pack them first. StockX is pretty specific about how they accept the shoes from sellers. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University. 2 How to spot fake StockX tag 2.1 Step 1: Check the font on the front of the StockX tag 2.2 Step 2: Closely inspect the StockX logo on the authenticity tag 2.3 Step 3: Inspect the StockX card that comes with the tag 2.4 Step 4: Flip the coin and analyse the text on the rear side of the coin 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. Depending on the exact reason StockX declines your . Certain flaws cant be avoided, but it doesnt take away from how cool these sneakers are. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. Youre also not limited to using the StockX platform to do this either. Cookie Notice Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. When youve successfully sold your shoes on StockX, its time to prepare them for shipping. Its money well spent since it pays for the time and effort required to check and clean the shoes. Were just a marketplace! The team also receives industry updates and training to keep their skills sharp. The online retailer has been a major player in the sneaker market since its 2015 launch by Dan Gilbert. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. Learn how StockX ensures our products are legit. Since we are a marketplace, with live pricing, your transaction will not be completed automatically. I've emailed them, I hope it's a mistake. If you cant find a UPS drop off location near you, its also possible to schedule a pickup. James is the owner of JamesMcAllisterOnline.com. Taking that extra step of guaranteeing authenticity is StockXs entire value proposition. Another warning indication is a break in the shoes midsole; this happens more often with worn-in shoes than with brand-new ones bought using Nikes SNKRS application. StockX: Want to know more? (It Depends), What Happens If Your Shoes Dont Pass Authentication On Goat? During times of excessive demand or unusual circumstances like COVID-19, StockX may extend the shipping times. Although this approach needs more effort on your part, you may be able to get a higher price for your old footwear. Since it went through the authentication process and has the authentication certification, the items value is established. Hip-hop icon and Detroit native Marshall Mathers (a.k.a., Eminem) is an investor in StockX, but his ownership percentage is not known. This means you will send the shoes to the shop, and the shop will place them on the shelves for you. It might be something accidental, that you havent noticed, and now youre shipping it to StockX. Every detail is compared to the original pair of shoes, including stitching, gluing, and material quality. They do accept older sneakers as well, but theyre examined differently. 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. The rise of e-commerce platforms has led to an increase in counterfeit goods on the market. And it will only cost you money and time. These are for people who have already sold the items on the StockX platform. 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. If the shoes are returned to the seller, StockX will return them to the original owner. The company has also entered Chinas sneaker market. Otherwise, it can be a wasted effort. However, StockX does aim to complete the process in seven to ten business days. This article will help you find out whether you can sell used shoes on StockX. Your email address will not be published. You can also use the string to determine authentication by checking if you are able to put it together. It may be difficult to see this in photos, but it is possible to look at the tags from different angles. All of these actions are taken to expedite shipment to the customer as soon as possible. However, if you want to wait a little while for a better price, you have the option to bid on any item. It can only be cut. While not a Chinese company, StockX has a verification center in Hong Kong, China, to support customers in the Asia Pacific region. Now UPS is saying the shipment to me is possibly delayed a few days, thus incurring a minimum 15% fee. Required fields are marked *. However, real and fake tags can have a different hue. 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. The string attached to the tag is another way to tell the difference between real and fake tags. How to Package Shoes for StockX. Let us know in the comments section below. I really like the fact that sneakers are a big part of what StockX is doing. (Full Details, Prices + More!). If you have any other questions about selling on StockX, please ask them using the comment form below. 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. StockX will connect shoes with another vendor if they fail to pass the authentication process. Returning an item results in enormous shipping costs, yet it is very uncommon for customers to do so anyhow. I hope that youve found this article helpful. Canceling a Sale on Stock X - Advice Has anyone ever canceled a sale on StockX before? Buying on StockX. Original shoes are then sold on StockX. StockX will accept lace-up shoes that are not showing wear or tears. You cant use the shoebox as the shipping box, even if you put it in an envelope. This link will generate a self service portal to help you complete the purchase. Select the Bid you want to change and click on the green little pen button on the right. All you need to do is visit the UPS website and enter all the information about your package. Styles 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 . If StockX rejects your shoes, you will receive an email outlining why they were rejected. Original tags are made with premium paint, which is known to not chip easily. - Caitlyn Johnson. To begin, the quality of your footwear will have a direct impact on your earning potential. They have a tag to authenticate the shoe as original and in good condition. Here on JamesMcAllisterOnline.com, he shares his knowledge that brought him to where he is today. They may also have different dimensions than the real card because they are often narrower or longer. ). And be sure to put the original shoebox inside the shipping box. How Does Bidding Work on StockX? You can check out their website to find a location nearest to you. 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 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. In addition, all "Deadstock" sneakers must come in the original box, which may have encountered minimal damage from shipping, discoloration from storage and/or any normal wear and tear due to aging. ), Why Is Goat More Expensive Than Stockx? They are so condescending and evil for this lack of transparency. (Full Details, Prices + More! (What To Know! As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. Experienced sellers have mentioned that StockX tends to be most lenient with their shoes in fact, some sellersonlysell shoes on StockX for this reason. Step 3 Make sure to scroll down and check what the retail price of the sneakers you're bidding on was. Required fields are marked *. Your account can be subject to a penalty fee if you sell and ship us: an item that does not meet our condition guidelines. There are numerous counterfeit high-end shoes available on the market nowadays. Grinvald floats one such scenario where that might happen: Perhaps Nike is right, and the shoes are counterfeit. Web This is. Although it is not common to sell fake products on this platform it is important to keep an eye out for sellers selling them. 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. To make sure you get it right, StockX even gives you an example of what not to do, in order to avoid making any mistakes. Legit StockX strings are also green, but have a yellowish undertone. Unfortunately, fakes are a common occurrence on StockX. You can also click on the View All Asks and View All Bids options to get a better sense of what is the price range for the sneakers in question. Only new or previously unworn shoes in excellent condition are accepted on StockX. This page may contain affiliate links. Nike is suing StockX for allegedly selling counterfeit shoes. The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock). After ensuring that youve followed the protocol of adequately packaging your shoes for StockX, its time to send them to the company. If [investigations] did in fact find they were counterfeit, it is going to be bad for PR. Cant find the answer to your question? How can you make sure you dont fall for duping? In this case, the company might have to connect them with another seller. StockX is undoubtedly one of the few online retailers that has a strict authentication policy. . ), What Condition Do Shoes Have To Be To Sell On Stockx? Failure to complete a sale may result in a $15 charge to your account, or a fee equal to 15% of the transaction price and/or indefinite suspension of your account. StockX is without doubt one of the fastest growing internet marketplaces. 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 Rejected My Shoes! The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. 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. Finally, all items on StockX must be brand new, and not show any signs of being worn or used. In these cases, you should contact support. (Full Details, Prices + More! Shipping your new sneakers to you is a two-step process. Also, similar pairs can be compared on the StockX site. I bought them from Footlocker on release day in August. As a seller, you will first need to set up an account and post your listings. ), The new suit is pressure-testing the relationship between a retailer and a manufacturerand its unprecedented territory. StockX makes it simple to sell accessories like watches, purses, and shoes that you no longer use. Growing internet marketplaces 9, and now youre shipping it to StockX may accept shoes have! Shoe as original and in good condition option of listing items at a defined price or making available... Before I received it from Nike before sellers list them on the right purchase as! Connect them with another vendor if they fail to pass the authentication certification, the story may like! Floats one such scenario where that might happen: perhaps Nike is suing StockX allegedly. 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