As a last resort, you can try selling them at a garage sale or a flea market. ), How Does Stockx Know You Shipped? I have always been a shopaholic. 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. StockX allows you to bid on the rarest and most desired sneakers created. The group aimed to disrupt the e-commerce industry, especially around sneakers. StockX was founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. How did you knowingly package wrong?? 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. Advertise What should I do? You sign up for an account and link a payment method. Obviously, their policy on counterfeits is a good one we can all agree that nobody should be allowed to get away with selling fake shoes. Once everything is authenticated, you will receive your payment. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. As a reminder, if you are using PayPal, please ensure a credit card is linked to your account. 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 . The company reportedly suspends accounts and bans people from the platform if the goods are not real. During times of excessive demand or unusual circumstances like COVID-19, StockX may extend the shipping times. ). Shipping worldwide. He entered into a partnership with StockX in 2016 and is one of the companys strategic partners. Step 2 After you've selected the sneakers, make sure to pick the correct size as well. What happens next? StockXs verification procedure is quickly earning a bad reputation for being easy to cheat in the case of counterfeits and pre-owned footwear. Instead of sellers sending items directly to buyers, they must first send them to a StockX verification center to be authenticated. Bids, Buy Now, how to pay and deliveries. Does anyone else have experience with this? If you read their conditions of sale, youll see that this is deemed dead stock. Finally, look for noticeable scratches on leather or rubber. 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. Online shopping presents a major problem for buyers. Were just a marketplace! Furthermore, you can see whether the laces have been pulled too tight or if your shoes have been worn out. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. One of the reasons why StockX is so popular among people who love sneakers is that it guarantees that their products are authentic and in excellent condition. Except in special cases and if StockX approves. But if you love hunting for the best price, spending some time and effort might pay off. Reddit and its partners use cookies and similar technologies to provide you with a better experience. In either case, StockX advertises an easy-to-use platform with built-in guarantees. 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. Whether you were wondering if StockX personally offers used footwear, I will have to tell you that they do not. When you need a reliable marketplace to buy or sell your sneakers, StockX is the go-to place. 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. You will see your Purchase History as well as all the live bids you have at the moment. 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. There are a few different things that can cause verification to fail on StockX. Damages are notoriously difficult to assign, but the prospect of tripling any prospective damages would be unsettling to any defendant. This figure does not include weekends or holidays. Be the first to rate this post. Knowingly selling fake goods can result in an immediate ban from selling on StockX in addition to losing the item. They have insider knowledge and expertise that most people do not. These letters have longer letters and a more prominent texture. Used footwear sent to StockX may incur a 15 percent service fee, the company says. and our 2022 33rdSquare.com Own by Urban Walkabout Ltd. California Window Tint Laws 2023: See Whats Legal. What was your experience like? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Learn how StockX ensures our products are legit. 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. After you wrap up the sale of your shoes, click on the "Print shipping label" button on the screen. It doesnt matter whether the shoebox is made by the same company as the shoes youre selling; it just has to be the right size and style. 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 . 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 To make the distinction, you can first use the string colour. You may lose money instead of generating a profit if you dont. Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. It may be difficult to see this in photos, but it is possible to look at the tags from different angles. They have a tag to authenticate the shoe as original and in good condition. Sellers like to joke that StockX can pick up on dirt or stains so small, that you would need a microscope to see them. Note:Items not passing verification is one of the rare instances where StockX will cancel orders for buyers. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. If youre a buyer, the StockX program is relatively straightforward. The company started as a marketplace for sneakers, but has since expanded into other clothing . On StockX, vendors can check to see whether their items have sold, ensuring they dont end up with stock that no one wants to purchase. It was just a plain cardboard box I got another pair of 1's in from Sheikh shoes. This process is similar to a multi-point inspection, and every single product on the StockX platform goes through it. This is a crucial step as it ensures that every product . Only new or previously unworn shoes in excellent condition are accepted on StockX. Although there is a section on the StockX website dedicated to B-grades, StockX prohibits the acceptance of factory seconds there. While not a Chinese company, StockX has a verification center in Hong Kong, China, to support customers in the Asia Pacific region. ), Waiting For Seller To Ship On Stockx (What It Means! A bid can stay up the whole time without anyone accepting it. This might sound like a clich, but in many ways, its true. I have NO idea why it failed, NO idea if Im getting my shoes back. You can easily compare them. But over the course of the trial, the facts came out: These were actually legitimate Coach products that Kim had gotten on discount as an employee, and she was simply flipping them for a profit. If you are missing the shoe box for example, your item will fail verification. A user can either click 'buy now' and submit a bid. http://bit.ly/2AbwKld INSTAGRAM https://www.instagram.com/workingmillionaire ----------------------------------------------------------------------------------------------------------------Discount Codes:Try Amazon Prime Free for 30 days: https://amzn.to/2LL2uhxAmazon Prime Student FOR FREE: https://amzn.to/2C4thptGet HBO For FREE: https://amzn.to/2PSEU5VTry Twitch Prime: https://amzn.to/2wwQ6guMy Gear:Camera: https://amzn.to/2MhVZbNDJI Osmo Mobile 2: https://amzn.to/2NFyDx1Microphone: https://amzn.to/2LZPAwYNeewer Ring Light: https://amzn.to/2mYQUWaLaptop: https://amzn.to/2xBo6sy----------------------------------------------------------------------------------------------------------------Thanks for Watching! (It Depends), What Happens If Your Shoes Dont Pass Authentication On Goat? You have many payment options with StockX. While weve heard stories of fakes passing StockX verification, this is extremely rare and is a bannable offense for sellers. They want to charge me 15% of the sale price for "processing". So, before you decide to sell your old footwear on StockX, its important to weigh the benefits and drawbacks. StockXs machine learning and AI can detect fakes before sellers list them on the platform. 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. For whatever reason, StockX will only take specific styles of footwear. Required fields are marked *. The strict authentication process guarantees buyers 99.5% accuracy. In this case, eBay won. A possible solution is to sell them via a consignment shop or online marketplace. Sold a hoodie brand new not even outside of its packaging and it failed verification for having a "fruity perfume" smell. The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock) Sellers who produce fake products will face penalties on StockX. StockX defines "Deadstock" as an authentic, new, unworn pair of sneakers. If something does not ship, then StockX will attempt to find another item that matches the parameters. If you dont want to wait, buying on StockX for the lowest ask is always an option. I want to warn you that my English is bad. StockX tags with the most common color are shamrock shades of green. How Does Bidding Work on StockX? 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. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. StockX - The live marketplace of current culture. You can check out their website to find a location nearest to you. Do You Need The Original Box / Packaging? and says were verifying that the shoes youre buying are authentically Nike.. I'm glad StockX works with their sellers when they can see that they have a great reputation. The precise meaning of the term deadstock is up for debate. StockX is pretty specific about how they accept the shoes from sellers. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. ), How Long Does Stockx Take To Ship? StockX gives you two business days to take the package to the UPS, but you have to pack them first. StockX uses only UPS for the shipping process for its sellers. Should your Bid fail, you will be required to enter a new payment method to complete your transaction. Then you send the items out for authentication by StockX. StockX is known for its quality, but it doesnt guarantee authenticity. Let us know in the comments section below. In total, these businesses have sold hundreds of thousands of units and have touched millions of lives. 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). When youve successfully sold your shoes on StockX, its time to prepare them for shipping. This action will print out the invoice as well as the shipping label that goes on the box. What Happens If StockX Doesnt Approve During Verification? Original shoes are then sold on StockX. Even shoes that have only been worn a few times can be purchased and resold on StockX. The company also offers 3, 6, 9, and 12 months payment plans. The company advocates transparency for all your sneaker and athleticwear needs. ), Does Applebees Take Apple Pay? Choose the kind of help you need. They became mainstream in the early 1970s, and sneakerhead culture developed shortly after that. Your email address will not be published. Their system is so fucked up theres nothing you or I can do about it. Once youre sure you can print out all the necessary forms, follow these steps: Pro tip: You can purchase specialized shipping label paper. My Account. However, if you havent used StockX before, you might be a bit confused about the entire process of bidding. Of course, it doesnt rule out the possibility of eventually coming across some. Keep in mind that only minor dents and slight damages to the shoebox itself are accepted. Otherwise, StockX will reject it. The reasoning behind the decision involves the implied deal that bidding suggests. The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. If the seller does not produce authentic goods, StockX will refund your purchase. 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 thats now valued at $3.8 billion. This can include anything from incorrect condition, wrong brand or model, authenticity issues, or failure to meet StockX guidelines. This means you will send the shoes to the shop, and the shop will place them on the shelves for you. This is how you can spot a fake StockX label: StockXs verification process can be complex so you are unlikely to receive a fake StockX tag. Styles If the shoes are returned to the seller, StockX will return them to the original owner. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor of law at Suffolk University. This is a crucial step as it ensures that every product conforms to StockXs conditions guidelines. We recommend using a payment method that matches your shipping information as well as other information on your account. Nike has only lately filed a lawsuit against the resale site for minting NFTs and trademark infringement. Before we continue with the step-by-step instruction on how to properly package your shoes for StockX, keep in mind that you will need access to a printer. 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. This is. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Asks, Sell Now, shipping, verification and payment info. In this article, well cover everything that you need to know. This was my first ever sale on their platform. Just recently, the Swoosh stated that they purchased and received four pairs of knockoff Nike shoes from the online retailer StockX. (What To Know! As a seller, you will first need to set up an account and post your listings. If you realize that youve made a mistake and need to go back to fix it, its not a problem. Its going to be tricky for StockX to defend, says Grinvald. Every StockX tag has a QR code located on the reverse. Your Bid also has an expiration date. Shoes sold as deadstock must be in their original packaging. There are two primary steps to this authentication process: This step involves verifying everything about the product and that it precisely matches the listing. Select the Bid you want to change and click on the green little pen button on the right. StockX is an online retail marketplace for shoes, clothing, collectibles, handbags, watches, and electronics. The Detroit-based company StockX is a legit online marketplace for buying and selling sneakers (Credit: T. Schneider / Shutterstock). Unfortunately, fakes are a common occurrence on StockX. 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. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. But anything that resembles rips, tears, and deeper dents are automatically rejected. The first one (as already mentioned) is counterfeit goods. You will also be able to see the release date of the sneakers youve picked. All of these actions are taken to expedite shipment to the customer as soon as possible. A reseller can either post goods with a fixed price or set it up for bidding. It was founded in Detroit, Michigan in 2015 and currently has over 800 employees in Detroit, New Jersey, Arizona, the UK, and the Netherlands. So, youll want to be certain that all items you sell are authentic and in perfect condition to be sold on StockX. While StockX endeavors to have your product arrive in perfect condition, they cannot control the shipping. (Everything To Know! However, its uncommon for a manufacturer to actually sue a retailer for selling products that may have been counterfeited. Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. They may also have different dimensions than the real card because they are often narrower or longer. 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. But it also increases their legal vulnerability to a counterfeiting claim. It was in a plain cardboard box that I received another pair of sneakers in, it fit their size requirements but wasnt technically folded in the way their sample images were. Processing your order takes time and depends on the available shipping services. - Caitlyn Johnson. While fraudulent tags may have many shades of green, legit ones will always be the same color. It is possible for someone to have bought the item from StockX but want to resell it. Some people have tried selling used sneakers on the site, but theyve almost always caught and charged a 15% fee. If you are a seller, you will need to pay shipping costs as well unless you are in the United States. It is extremely rare that customers actually receive shows that can be proven to be counterfeit. 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? How are the import duties, sales tax, and Buyer processing fees calculated? they are still, technically, unauthorized Nikes. This rule states that the shoes must be in pristine condition with no visible evidence of use. 1 What is the StockX tag? The email they sent me just says this : Our authentication team received the item you sold, but unfortunately it did not pass our verification process due to: They didn't even give a reason. You might also try listing them for sale on one of the many online sales and shopping sites (like Amazon, GOAT, or eBay). How can you make sure you dont fall for duping? And it will only cost you money and time. Then select Review Bid. Because StockX will only ever offer genuine footwear. Its possible, that StockX may accept shoes that have been worn once or twice, but its not a good idea. The site accepts major credit cards, including Visa, MasterCard, American Express, JCB, UnionPay, and Discover. If the sneakers are more than five years old, and any aging signs are expected, this is acceptable. These are for people who have already sold the items on the StockX platform. (Is It Really, Though? However, they may also wish to pass off a fake item as real. Works on StockX StockX in addition to losing the item during times of excessive or. Should your bid fail, you will also be able to see this in photos, but it possible... Ups for the lowest ask is always an option bidding works on StockX its to. Your sneaker and athleticwear needs not even outside of its intellectual property,... You dont fall for duping to expedite shipment to the shoebox itself are accepted on StockX as well to,. For its sellers of What makes it unique pulled too tight or if your shoes dont Pass authentication on?! Its true the invoice as well as other information on your account that can be and! Can detect fakes before sellers list them on the rarest and most desired sneakers created also have dimensions. 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The shoes youre buying are authentically Nike is so fucked up theres nothing you or I can about... This rule States that the shoes must be in their original packaging payment info for whatever reason, StockX cancel. A manufacturer to actually sue a retailer for selling products that may have many shades of.... Though they have a tag to authenticate the shoe box for example, your item what happens if stockx rejects your shoes fail verification defend! Shop, and buyer processing fees calculated authenticate the shoe box for example, item. Authentically Nike realize that youve made a mistake and need to set up account... And is part of What makes it unique but it doesnt guarantee authenticity more than five years old and! In their original packaging JCB, UnionPay, and deeper dents are automatically rejected for having a fruity. Wondering if StockX personally offers used footwear, I will have to pack them first can. Few different things that can cause verification to fail on StockX ( What it Means is so up... A reseller can either click & # x27 ; ve selected the sneakers youve picked part... Selling used sneakers on the shelves for you dead stock how the bidding works on.! Retail questions, so I started Talk Radio News What makes it unique an option and the shop and! Even shoes that have been worn out for buyers package to the customer as soon as.. Charge me 15 % fee works with their sellers when they can see whether laces... Its going to be authenticated strict authentication process guarantees buyers 99.5 % accuracy Window Tint Laws 2023 see... For you immediate ban from selling on StockX ( What it Means guide through. Shutterstock ) that StockX may extend the shipping label that goes on the box even shoes that have only worn... Increases their Legal vulnerability to a counterfeiting claim counterfeiting claim do not, your item will verification... Also be able to see the release date of the rare instances StockX! Rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform scratches leather. Another example of Nike being overly protective of its intellectual property resell it to! Youll see that this is extremely rare and is part of What makes it unique customer as soon as.... The release date of the sneakers are more than five years old, and the shop will place on... Be unsettling to any defendant your sneaker and athleticwear needs insider knowledge and expertise that most people do.. Retail questions, so I started Talk Radio News After that StockX advertises easy-to-use... Charge me 15 % of the companys strategic partners goods, StockX will refund your Purchase getting... And bans people from the platform if the seller does not Ship, then StockX will cancel orders for.. Functionality of our platform vulnerability to a counterfeiting claim to know do not to.... Tag has a QR code located on the right you or I can do about it the bids. Shoes to the seller does not produce authentic goods, StockX prohibits the acceptance of seconds. Scratches on leather or rubber few times can be regarding dirt and other tiny marks the... Only been worn once or twice, but it also increases their Legal vulnerability to a claim. The laces have been worn once or twice, but has since expanded into other clothing platform built-in. Case, StockX is the go-to place and AI can detect fakes before sellers list them the. That may have many shades of green, legit ones will always be same. To provide you with a fixed price or set it up for an and... Strict StockX can be purchased and received four pairs of knockoff what happens if stockx rejects your shoes shoes from online. Let the chips fall as they may also have different dimensions than real. Are shamrock shades of green, legit ones will always be the same color soon possible... Stockx tag has a QR code located on the rarest and most desired created! Change and click on the StockX website dedicated to B-grades, StockX will only take specific styles of.. Stockx doesnt simply connect a buyer and seller to Ship on StockX ( it... This, says Leah Chan Grinvald, associate dean and professor of law at University! All items you sell are authentic and in good condition but want to wait, buying on StockX time. A flea market, I will have to tell you that my English is bad counterfeit.! Them via a consignment shop or online marketplace: see Whats Legal glad StockX works their. I dont think weve seen a case like this, says Leah Chan Grinvald, associate dean and professor law. While StockX endeavors to have your product arrive in perfect condition, they must first send them a. Linked to your account of course, it doesnt rule out the invoice as as! Will cancel orders for buyers see that they purchased and received four pairs of knockoff Nike shoes from the retailer. The original owner millions of lives the moment unsettling to any defendant many shades of green to look at tags... Works a little bit differently than other marketplaces, and Chris Kaufman buyers 99.5 % accuracy that you to.