Better together. best. From there, choose your new payment method. While not perfect by a long shot, the new fee and its possible repercussions illustrate the complexities of operating a global secondary marketplace.
The processing fee is fixed at 3% regardless of your status as a seller. This promotion runs from 10:00 AM EDT on September 22, 2020 to 10:00 AM EDT on September 23, 2020.
This does not effect our editorial in any way. save. For every transaction that occurs there is a 3% payment processing fee.
REMEMBER! The EU's single market and customs union, however, means there are no tariffs on goods moved from one member state to another, meaning a sneaker shipped from France to Portugal incurs no import tax. Last week, StockX introduced a new luxury import duties fee of 15 percent for non-US sellers. So while the name of that fee suggests otherwise, the costs associated with importing and exporting an item are wrapped up in the fee StockX has introduced on the seller side.
For others, it’s a way to make a little extra cash by selling hard-to-find, in-demand items. For all StockX sales there is a 3% payment processing fee, as well as a transaction fee that is dependent on the level of your seller account and the item you are selling. Outline of Fee Policy This fee policy shall apply to Livestock transacted through the Website unless otherwise agreed by us in writing. While seller fees are fairly annoying, they’re wholly necessary for the operation of safe reselling sites like StockX. As a buyer on StockX, you have more payment methods available to you than sellers.
Whether you’re good with PayPal or you’d instead switch to direct payments, that’s an easy fix. Your Ask must be accepted within this 24 hour time frame to receive the discount, so make to be using that “Sell Now” button to your advantage. Notify me of follow-up comments by email. Proceed to enter all the information and confirm the selection. I think they need some time to process the influx of sales, Just received confirmation email and shipping label. This includes all sneakers, streetwear, collectibles, handbags, and watches. Sort by . With PayPal, payouts are instantaneous and will be in your account when StockX receives and approves your item. First, would you give us some details? But bumping that price by a dollar to $800 adds $120 worth of luxury import duties fee, making the final payout $572.50. Would they possibly take it back on finished sales? The company makes the whole process quite easy for anyone who wants to participate. receiving the newsletter at any time by sending an e-mail to email@example.com. Everyone starts at Level 1 which has a 9.5% Transaction Fee. 100% Upvoted. This page has an error. Selling internationally for $799 nets you $691.62 after the 9-percent transaction fee, 3-percent payment processing fee, and shipping costs. Or perhaps sellers might take their products to rival platforms such as GOAT or KLEKT, reducing the stock available on StockX. Sellers could raise their prices to offset the 15 percent fee, leading to higher prices across the board. For a complete breakdown of every Off-White™ x Nike release, watch below. be aware that our efforts are ongoing. This means that a European seller selling to a European buyer is still charged the luxury import fee because StockX’s algorithm currently works based on the bid-and-ask system and can’t automatically distinguish between a buyer and seller's location. share. Glitch on StockX seller fees! StockX also charges a Transaction Fee that depends on your seller level.
The transaction fee is taken from the final price of your sale.
The company also says it doesn't profit off the fee and that it is being used just to pay off import duties, the cost of which StockX had been absorbing until now. Just below “Account Settings,” you’ll see “Buying Info” where you’d select the “Edit” option that’s in a green letter. If you’ve been waiting for the right moment to offload some sneakers, now is a better time than any. The crux of the issue now is whether companies such as StockX, which operate an import/export service on international transactions, should be passing on import fees to their users or whether they should continue to absorb those costs on the user's behalf. As the holiday season starts to creep up on us, it might be a good time to think about clearing out some of those DS pairs that are starting to invade space in your home! address for this purpose at any time without incurring any costs other than the transmission costs according However, a pricing model that is inclusive of all regulatory costs is necessary in order to facilitate a truly global marketplace.”. The commission fee will be deducted from the seller’s listing price. The more you sell on StockX, the higher your seller level will increase. Account registration is free and straightforward, and you can use almost any payment method as a buyer. StockX is an online sneaker marketplace where users sell their new or used pair of sneakers. When you first created the StockX account, you must have used one of these payment methods to complete the registration process. All international accounts were alerted to this new policy via an email that outlined the exact changes being implemented and why. hide. Like all ecommerce sites, StockX isn’t going to deter potential buyers by not accepting their preferred payment method. Sign up for our newsletter. © 2020 Sole Supplier® . Level 4 power sellers have over 100 sales or more than $25,000 sold and are charged a transaction fee of 8%. Whether you’re sitting on a load of low-key releases or you’ve got some big heat ready to let go, there’s no doubting that this deal is going to make a big difference! That’s okay because updating your payment method on StockX is amazingly simple. It accepts all major credit cards, including Union Pay and Discover. Sell any item on StockX at a minimum price of $250 USD to receive 50% off seller fees. Working with a retained accessibility consultant, it is planning to implement over time the With each level increase your transaction fee decreases. Important note: Transaction fees may be different for other categories. Nike Air Max 90 Highlight: Dizzee Rascal Tongue N' Cheek. StockX wants to make sure that the payment will automatically go through the moment you win a bid or when you buy an item at the asking price. Get the latest releases, dates, news and your favourite brands on the Sole Supplier app. Here. StockX Selling Fees Explained. In contrast, direct deposits are free (for most banks) but could take 3-5 business days depending on your bank. After selling three items, you move up to level 2 with a transaction fee is 9%. Alternatively, you can object to Fees with Disabilities Act (”ADA”). (WCAG 2.0 AA) as its web accessibility standard or other standards to the extent required by the Americans But they all say that only to avoid panicked sellers chasing after their money – you’re more likely to receive a direct deposit within 2 business days. You can object to the use of your e-mail as screen readers and screen magnifiers, and with users with disabilities who use these technologies. The processing fee is fixed at 3% regardless of your status as a seller.