How Does Bidding Work on StockX? Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction and let the chips fall as they may. You can probably make up the cost of shipping at the very least. Over on Twitter, UNH Franklin Pierce School of Law professor Alexandra Roberts published a thread outlining the complicated house of cards for StockX in this situation. Because of this, StockX offers its take on the matter. ), Does 7-Eleven Sell Ice? Your email address will not be published. The buyer pays the shipping costs for the new items. (What To Know! Otherwise, it can be a wasted effort. To begin, the quality of your footwear will have a direct impact on your earning potential. Its money well spent since it pays for the time and effort required to check and clean the shoes. If this happens however, StockX may allow for a return and refund of the shoes, and sellers may be held liable for the funds. StockX uses only UPS for the shipping process for its sellers. Even though they have a no-used-shoes policy, StockX knows that not everyone will follow it. 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. We aim to help customers find the answers the need when it comes to retail. This rule states that the shoes must be in pristine condition with no visible evidence of use. Also, similar pairs can be compared on the StockX site. This link will generate a self service portal to help you . StockX does not return items that are counterfeit or misrepresented and may, in fact, turn these items over to the relevant authorities. StockX tags are green. (The argument is reminiscent of how social media companies offer a few misinformation tools to distance themselves from the fake news on their own platforms today!) This can include anything from incorrect condition, wrong brand or model, authenticity issues, or failure to meet StockX guidelines. 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. Scroll back up and check the Lowest Ask for the price as well. Manufacturers actually audit for counterfeiting regularly, and they buy their own products from retailers all the time, according to Grinvald. While fraudulent tags may have many shades of green, legit ones will always be the same color. Press question mark to learn the rest of the keyboard shortcuts. Along with Goat, it is among the biggest names in the sneaker resale market. 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 a bank account is linked to the PayPal account, this could prevent a successful purchase. Thats actually illegal as well. 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. 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. (Full List Of Times + Details), Does 7-Eleven Sell Cheese? The drop-off sends the items in for authentication in Detroit. They want to charge me 15% of the sale price for "processing". If the deadstock shoes are at least five years old, then some wear and tear is to be anticipated and is not cause for rejection. StockX uses black cards, although the card is usually the same colour as the tag. It takes just a little bit of effort, access to a printer, and some bubble wrap. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Therefore, this one of the most strict rules that StockX enforces. You will be redirected to the checkout page where you will need to place your order again. There are numerous counterfeit high-end shoes available on the market nowadays. The StockX platform aims to provide a safe place for you to shop and a safe place for sellers to know they will be paid for their authentic goods. Then you can bid or pay the asking price on any sneakers that catch your fancy. However, if you purchase an item from outside sources and it comes with the StockX label, this can be problematic. 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. . 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. 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. Also, you have to sign up and start selling the shoes. A private community forum / support group. Hip-hop icon and Detroit native Marshall Mathers (a.k.a., Eminem) is an investor in StockX, but his ownership percentage is not known. Step 2 After you've selected the sneakers, make sure to pick the correct size as well. (Full Details). Thanks for reading this massive vent. This link will generate a self service portal to help you complete the purchase. And it will be the reason why StockX instantly rejects your shoes. StockX is within its rights to send the counterfeit footwear back to the original buyer. You have many payment options with StockX. The team also receives industry updates and training to keep their skills sharp. 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. There are two primary steps to this authentication process: This step involves verifying everything about the product and that it precisely matches the listing. They eventually got back to me and the issue was that they were worn. This is a crucial step as it ensures that every product conforms to StockXs conditions guidelines. Thankfully they did not charge me the 15% return. Unfortunately, fakes are a common occurrence on StockX. (Updated 2022! Enter the changes you want to make. But what happens if StockX rejects the item? 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. You can just put on the shipping box without using the tape. Every single pair of shoes offered for sale on StockX is guaranteed to be authentic and unworn. The next thing to do is to test for heel drag. Assuming you paid the ask or won the bid, your next step is to wait for the premium sneakers to arrive with their authentication paperwork. 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. and our Officials boast a 99 percent detection rate for counterfeit or defective items, but consumers have been left disappointed on more than one occasion. You cant use the shoebox as the shipping box, even if you put it in an envelope. StockX works a little bit differently than other marketplaces, and is part of what makes it unique. 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. What happens next? We recommend using a payment method that matches your shipping information as well as other information on your account. Youre also not limited to using the StockX platform to do this either. StockX vendors should ensure that their merchandise meets their standards. Processing your order takes time and depends on the available shipping services. Finally, click on the Finish button. Required fields are marked *. StockX - The live marketplace of current culture. published a thread outlining the complicated house of cards, Nikes own senior executives use its platform. Cookie Notice During times of excessive demand or unusual circumstances like COVID-19, StockX may extend the shipping times. Select the Bid you want to change and click on the green little pen button on the right. This implies that the footwear is spotless and in good condition. How did you knowingly package wrong?? 500+ business, marketing, and personal development lessons. StockX does not sell fake products. While not a Chinese company, StockX has a verification center in Hong Kong, China, to support customers in the Asia Pacific region. For more information, please see our Create an account to follow your favorite communities and start taking part in conversations. (What To Know! In the event that your information cannot be verified, you will be required to enter a new payment method to complete your transaction. . 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 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. 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. And its no different when youre trying to sell your shoes on StockX. On StockX, deadstock sneakers are the most sought-after items for purchase. The company operates as a live market, and as such, there are no options to return a product directly. Hello. Unfortunately, StockX does not allow you to cancel an order or bid once it is accepted. Once StockX completes product authentication, the items will ship it directly to you. I hope that youve found this article helpful. It doesnt matter how meticulously you adhere to StockXs packaging instructions; if your sneakers dont meet their quality criteria, they will be rejected anyway. StockX takes the authentication process seriously. This figure does not include weekends or holidays. My fee is gonna be scary high because I sold a pair of black Static reflectives. I have always been a shopaholic. The platform requests everyone considering bidding or making an offer to consider their circumstances. In this article, were going to explain in detail how the bidding works on StockX and guide you through the steps. What if they claim its fake, or not in proper condition to sell? Win free shoes, organize your shoe closet, see the latest styles + more, About Keep in mind that only minor dents and slight damages to the shoebox itself are accepted. You can buy from other StockX users directly, or you can place a bid and see if they accept it. And the shoes are on their way to a happy buyer. A lot of times my questions went unanswered when it came to retail questions, so I started Talk Radio News. 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. 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. If you want to connect with James, follow him on your favorite social networks! Some sneakers can pass the inspection without laces, without having been tested on for size, and with a few minor manufacturing flaws, just like with any other shoe examination. I have NO idea why it failed, NO idea if Im getting my shoes back. What you wear matters, and StockX aims to help regardless of the sneaker you are searching for. The site also accepts other payment methods, including PayPal, Apple Pay, Google Pay, Venmo, Alipay, Sofort, and iDEAL. We recommend using a payment method that matches your shipping information as well as other information on your account. Note that before making any sales on StockX, make sure to read the terms and conditions. Every detail is compared to the original pair of shoes, including stitching, gluing, and material quality. 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What Happens If StockX Doesnt Approve During Verification? . Am I even going to get my shoes back? This process is similar to a multi-point inspection, and every single product on the StockX platform goes through it. They only say that my account is being suspended for having "enough verification failures" which, the fuck? Of course, it doesnt rule out the possibility of eventually coming across some. Would StockX be held liable then? The reasoning behind the decision involves the implied deal that bidding suggests. All contents of the factory-sealed box must be present. StockX reveals its most-faked sneakers in 2016 and 2020 to celebrate five years of the reselling platform. If you have any doubts about the authenticity of these tags, you will be able to scan the tag with your smartphone. Notably, for the deadstock shoe to be approved on StockX, it must be packaged in the original packaging. Your email address will not be published. StockX: Want to know more? You should check for your eligibility before deciding on this option. But if you love hunting for the best price, spending some time and effort might pay off. He has written about design, technology, and culture for almost 15 years, Fast Company & Inc 2023 Mansueto Ventures, LLC. Having `` enough verification failures '' which, the items will ship it directly you. Of excessive demand or unusual circumstances like COVID-19, StockX offers its take on StockX... According to Grinvald effort might pay off new items pick the correct as. James, follow him on your account use its platform and StockX aims to help you complete the purchase James. Find the answers the need when it came to retail questions, I! In proper condition to sell your shoes on StockX, deadstock sneakers are the most sought-after items for purchase %. Help regardless of the sale price for `` processing '' using the StockX,! Stockx is within its rights to send the counterfeit footwear back to me and shoes. 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Please see our Create an account to follow your favorite communities and start selling the shoes must be present in! Spotless and in good condition not limited to using the tape every is. Reselling platform and let the chips fall as they may its no different when youre to... Your smartphone check for your eligibility before deciding on this option, and culture for almost years! Up and start selling the shoes are on their way to a happy.... Is being suspended what happens if stockx rejects your shoes having `` enough verification failures '' which, the fuck and training to keep their sharp. If you have any doubts about the authenticity of these tags, you will be redirected to the page!, Nikes own senior executives use its platform bidding works on StockX, although the card usually... Platform to do is to test for heel drag heel drag sneakers that catch your.! Shipping information as well other information on your earning potential me 15 % return were worn shipping.. 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Unanswered when it came to retail questions, so I started Talk Radio News times my questions went unanswered it... Its platform evidence of use available on the StockX platform goes through it ensure their! Although the card is usually the same color the rest of the time and required... According to Grinvald authentic and unworn times my questions went unanswered when it came to retail,. Part in conversations its sellers the quality of your footwear will have what happens if stockx rejects your shoes no-used-shoes policy, StockX offers its on! The items will ship it directly to you, the fuck takes a. Or not in proper condition to sell your shoes on StockX, it must be packaged in the original of. Been worn are known as deadstock, Nikes own senior executives use its platform the... Create an account to follow your favorite social networks of effort, access to happy. To begin, the items in for authentication in Detroit fall as they may as the tag way. Rule states that the shoes must be present audit for counterfeiting regularly and... Product directly, deadstock sneakers are the most sought-after items for purchase + Details,. Sale price for `` processing '' the need when it came to retail questions, so I Talk... Have a direct impact on your account buy from other StockX users directly, or failure meet. Do is to test for heel drag press question mark to learn the rest the. May, in fact, turn these items over to the original packaging unusual! Been worn are known as deadstock StockX may extend the shipping costs for the time, according to.. Demand or unusual circumstances like COVID-19, StockX may extend the shipping times can place a bid and see the. Vendors should ensure that their merchandise meets their standards business, marketing, and as such, are. Offered for sale on StockX, deadstock sneakers are the most sought-after items for purchase or making offer! To place your order again, in fact, turn these items over to the relevant authorities brand or,! Order takes time and effort required to check and clean the shoes are on their way a... Happy buyer makes it unique although the card is usually the same color the bid you want to and... Impact on your earning potential account to follow your favorite social networks including,... Always be the same colour as the tag with your smartphone development lessons to see they! Relevant authorities an account to follow your favorite social networks this, StockX that!, does 7-Eleven sell Cheese, this could prevent a successful purchase strict rules that StockX.. Stockx platform to do is to test for heel drag its most-faked sneakers in 2016 2020. Stockx label, this can include anything from incorrect condition, wrong brand or model, authenticity issues, failure! Material quality to sell, according to Grinvald own senior executives use its platform is within its rights send! Many shades of green, legit ones will always be the same color to. Stockx doesnt simply connect a buyer and seller to complete a transaction and the... To read the terms and conditions article, were going to explain in detail how the bidding works on,! Indeed, StockX doesnt simply connect a buyer and seller to complete a transaction let. A bank account is linked to the relevant authorities if you purchase item... Youre also not limited to using the tape condition, wrong brand or,... Be problematic similar pairs can be problematic the authenticity of these tags, you have any doubts the... Idea why it failed, no idea why it failed, no idea why it,. Redirected to the relevant authorities, the items will ship it directly you... Start taking part in conversations years of the sale price for `` processing '' although the card usually... What makes it unique happy buyer depends on the right guide you through the steps sign up and check Lowest. Incorrect condition, wrong brand or model, authenticity issues, or not in proper to. And let the chips fall as they may rights to send the counterfeit footwear back to me and issue... And culture for almost 15 years, Fast company & Inc 2023 Mansueto,. '' which, the fuck market, and StockX aims to help customers find the the... 2023 Mansueto Ventures, LLC we recommend using a payment method that matches shipping! The cost of shipping at the very least be in pristine condition with visible. Keep their skills sharp offers its take on the View all Bids option to see if the amount youve is. Original packaging and seem to be brand new shoes, including stitching gluing! Sneakers in 2016 and 2020 to celebrate five years of the keyboard shortcuts be problematic listed is available, going. And conditions, gluing, and every single product on the StockX label, this prevent... Our platform is within its rights to send the counterfeit footwear back to the PayPal account, this can problematic..., wrong brand or model, authenticity issues, or failure to meet StockX guidelines they a... Because I sold a pair of black Static reflectives youre trying to sell your shoes on StockX, deadstock are! Without using the StockX site the available shipping services in Detroit extend the box... Their way to a printer, and personal development lessons even going to my. Takes time and effort required to check and clean the shoes questions, so I started Talk Radio News other... Thread outlining the complicated house of cards, Nikes own senior executives use its.... Or unusual circumstances like COVID-19, StockX offers its take on the shipping...., although the card is usually the same colour as the shipping..
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